All Forum Posts by: Brandon Ingegneri

Outstanding. Keep it rolling man!

Dave Van Horn I have to say, one of the better podcasts that BP has had. Very insightful, and I don’t think I’ve heard notes broken down like that before so that laymen understand the general scope without any previous or limited knowledge on the subject. Absolutely looking forward to your book. Great job.

Given the PC per room rents, and being familiar with that market, if your only making $200 a month, your probably paying retail. Having said that, I do agree with what the previous posts said about the ROI, but with my level of familiarity there, it doesn’t leave you any breathing room.

@Account Closed, I would love to connect at your earliest convenience. 

I own a number of properties in the city, and when purchased properly, it is a productive market.  Prices are inflated at the moment and are closing in on 2007 pricing. 

30 Humbert Avenue in Cranston, Rhode Island is a 2 bed, 1 bath single family house that currently has 1380 sqft of its 2928 sqft of its space categorized as living space.  This property has an IDENTICAL footprint of a house categorized as 3 beds, 1 bath directly next door.  With some minor work, this second floor area can be finished to create a legal 3rd bedroom.  

The property does need an extensive rehab.  I would be prepared to sell this house in AS IS condition following a clean out where it would be conveyed in a broom clean condition.  

Property ARV is $225,000. If it were to be a rental, this property would rent between $1,600 and $1,700 monthly.

@Steven DAmbra pm or call me, and we can discuss further.  

All reasonable.

I would have to agree with everyone else.  Room rentals is 100% the way to go if you are shooting for the college rental market.  If you are shooting for young professionals, they won't want to be in the same building as college students.  If you go down the young professional road, then you could make the changes.  If you are going the apartment route instead of the room approach, you are going to have some substantial utility costs as far as plumbing, heating, and electrical if you plan on separating the utilities.  Just a thought. I don't believe you elaborated as to how many units you would be trying to create. 

Obviously, you want to only be into the project for a % of the ARV. Having said that, is there a specific area that you are looking in. Prov has quite a bit of diversity as far as market analysis within the city. I see that you are from NP, would the property be located here?

What you can afford, what you have for reserves, and where the property is located are all determining factors.  Knowing a little bit of information like that will help to provide a bit of a more specific answer.