All Forum Posts by: Rob Brautigam

Welcome to the site @Andres Leroux! 40 properties in just a few years?! Is real estate your full time job/business yet?

I'd recommend you check out the BP Podcast on the site or on iTunes...each interviewee has a completely different story and each is a huge wealth of information.

Hey @Jose Rodriguez, if you're in search for a commercial broker, I'd recommend going on Loopnet and contacting agents/brokers with listings in San Antonio. Doesn't matter if you're interested in a specific property on Loopnet or not, just calling around is a great way to make connections locally. Good luck!

What you are asking for is how to include both 1) Monthly Maintenance and 2) Capital Expenditures into your Pro Forma, or income/expense spreadsheet.

1) You can estimate a monthly maintenance 'expense' as a percentage of the GOI or a set value of say $200 per month. You may also want to assume this maintenance fee as how much it will cost you to hire a property manager (say 5% or so of monthly rents).

2) Your capital expenditures can be grouped into 2 general categories: 

A) Unforeseen big-ticket items that will break and need to be replaced (e.g. Hot water heater, boiler) and may not necessarily increase the value of the property; and 

B) Improvements to the property that will increase the value of the property (e.g. paved driveway, new/replaced deck)

There is a grey area for something like a new roof which is required over time but most likely won't increase the value as much as the parts/labor costed to install the roof. In general, I would budget out the required long-term capital expenditures on a monthly/annual basis, while I would leave general improvements out of your Cap Rate & ROI calculations.

Here are a couple of videos I've recently watched and enjoyed the varying perspectives.

Phil Pustejovsky - https://www.youtube.com/watch?v=IomfI_iF4EM

Grant Cardone - http://grantcardonetv.com/video/younghustlers/buyi...

You will need a free account for the GC Young Hustlers show.

Hey @Daniel Jones, welcome to the site. You've came to the right place if you're looking to connect with like-minded individuals...I'd highly recommend you check out the BP Podcasts and stay active on the forums!

I'm a recent Uconn grad myself and have just started investing in CT. Are you looking specifically close to Groton? There are several good markets (depending on what you're looking for) in CT.

I'm also curious how the long-term investment/landlording is going...do you have a property manager down there, or other means to deal with on-site activities?

Check your messages for an invite to connect.

 No problem, good luck!

Hey @Mike Zipf, welcome to the site...have you considered 'house hacking' by living in 1 of the units in a multifamily as an owner occupant? By doing this, you can secure a property for little (5%) to no money down. You will also be on-site as a property manager which will allow you to put in as much sweat equity you desire.

This is an interesting topic, I'd like to see what others have to say... I feel like it would be better to present yourself to the other tenants as the property manager because they will probably be willing to give out more information than if you confronted them as an owner.

The tax map is public information which would either be available electronically (PDF online) or in the municipalities (tax assessor, town clerk).

From there, you can find your parcel of interest and the affiliated parcel number.

Here's an example of what the tax map will look like with street numbers and parcel numbers.

Hey @Terry Shelby. Start with education! I think you will greatly benefit from reading @J Scott's Book on Flipping Houses.

Also, be aware that out of those 100 houses you see for sale...only 1 of them might be a good deal. Educate yourself in how to analyze a deal.