All Forum Posts by: Cole Britting

I hope everyone is having a great weekend!

I am looking for an excel template for underwriting multifamily properties. Does anybody have one they can send to me or know a place to find a good one?

Thanks Eric. You gave me some great info that will really help me with my search. Best of luck with your investing journey!

Hi @Eric Greenberg

It is good to know my budget will allow that. I have been to Philly a few times, but have not spent more than a few days there so that is a great suggestion.

Ideally, I wouldn't want to be more than a 20-25 min public transpo ride or bike ride from city center. I'll definitely make a radius from the city center with those numbers, find out the zip codes, and search the MLS.

Thank you for the response, I really appreciate it!

Hi @Steve Babiak

Thank you for the reply! 19130 seems to be an area I have been doing a lot of deal analysis on. Just browsing through realtor, zillow, etc the area seems to have nice properties in my price range with decent neighborhoods. 

It is good to know that all neighborhoods close to the center will be C+ or better, and that is a good idea for narrowing down by zip code and setting up a search.

RTP is an important metric for me, but I don't have a hard number I am set on. Obviously the higher the better, but I am willing to sacrifice a little rent and higher purchase price for a property I like better. 

I really appreciate the help and thoughtful reply, thank you!

Hi @Nick Scullin

Thanks for the reply. I would say Brewerytown is a good distance for me, but the closer the better. Through my research, there doesn't seem to be a lot any closer in my price range. Manayunk seems to be too far away for me, but I will definitely look into it. If the numbers are a lot better there then I would definitely consider it.

Thanks again!

Hi Miami investors!

I graduate from school at the end of this year and am looking to house hack right after. I'm in the process of narrowing down my markets, and I am seriously considering Miami. My main reason is because I love living in big cities (I go to school in NYC), and I'm looking to move somewhere a little warmer.

With that being said, living as close to the city center is one of my top priorities. Some other criteria I have are the property has to be under $650k (or around there), C+ neighborhood or better, and I'm looking for small multifamily or a SFR with a mother-in-law (I know this is rare to find in Miami, or at least a legal one, so I'd also be open to normal SFR and renting out the rooms).

Does anybody have some neighborhood suggestions that may fit what I am looking for? I would love to connect with any investors or agents who have dealt with house hacking or know the area well. Thanks!

Hi Philly investors!

I graduate from school at the end of this year and am looking to house hack right after. I'm in the process of narrowing down my markets, and I am seriously considering Philly. My main reason is because I love living in big cities (I go to school in NYC), and Philly seems like a city where I would be able to live close to the city center for a reasonable price.

With that being said, living as close to the city center is one of my top priorities. Some other criteria I have are the property has to be under $650k (or around there), C+ neighborhood or better, and I'm looking for small multifamily (although if the numbers work with SFR or other types I would definitely consider it!). Is this reasonable criteria?

Does anybody have some neighborhood suggestions that may fit what I am looking for? I would love to connect with any investors or agents who have dealt with house hacking or know the area well. Thanks!

@Shawn Mcenteer Hey Shawn. Any markets in particular in NJ that you think are good for house hacking? I've been looking around at a few places in Hudson County and the southern part of Bergen County. Jersey City seems to have some potential.

@Lewis Tse Thanks, Lewis. It is good to know that tax abatements are typically for new developments. I appreciate the info!

@Basit Siddiqi Sorry for the late reply, Basit, but thank you for the information!