All Forum Posts by: Dan Weber

@Matthew Fermino agreed with JD - look at your Return on Equity. If you sold one, your return on equity would jump. If the other one that was owned free and clear was worth $1.2mil and had a cash flow of $60k/year, your ROE there would be 5%. You could tap into the equity in that one for a downpayment to scale your portfolio from there. At least you'd have some options.

Hey Everyone!

Here are the details for the next meetup. Looking forward to seeing you all there!

Date & Time: Thursday, April 17, 5:30 PM - 7:30 PM

Location: Après, 148 Anderson St, Portland, ME 04101

You can find more info at the link below:

https://www.meetup.com/southern-maine-real-estate-investors-...

Cheers,
Dan

Hey Everyone!

Here are the details for the next meetup. Looking forward to seeing you all there!

Date & Time: Thursday, March 20, 5:30 PM - 7:30 PM

Location: Après, 148 Anderson St, Portland, ME 04101

You can find more info at the link below:

Cheers,
Dan

Hey Mike, it's great start that you have a pretty clear goal in mind – to get long term appreciation over the course of twenty years, with minimal cash flow if need be. There's no perfect spreadsheet for analyzing appreciation like there is for cash flow, since appreciation is a bit more of an educated guess. With that being said, I would target areas that have shown stable price appreciation in the past, have demonstrated population growth in recent years, and have a diverse economy with plenty of job opportunity. For example – looking for secondary and tertiary markets in the Northeast / East Coast and Southeast that meet those criteria I mentioned above. Real Estate along the coasts is always a good bet for appreciation, as there is only so much land and you can only build in one direction. Tight zoning laws that restrict development and lack of construction labor in the Northeast keep housing prices appreciating over time. The Southeast has had tons of population growth and as long as people can afford the increased insurance costs, the warm climate will continue to draw people. This is all in comparison to places in the Midwest, which appreciates slower but is better for cash flow. I can't speak to the West Coast as I know nothing about it, but you get the general idea. Once you've narrowed in on a couple markets, start running properties through a spreadsheet like you would for any deal and make sure that they are at least cash flow positive. Come up with some cash-on-cash metric that you are comfortable with and underwrite from there. You will likely be comfortable with a lower CoC knowing that you are in it for the long-term appreciation, but it still needs to support itself, plus a little. Hope this helps!

Hi @Kenneth Alan Flugrad, come and network this month at our next meetup, you might meet others that could be valuable in your flipping endeavors.

https://www.biggerpockets.com/forums/521/topics/1229391-sout...

Hey Everyone!

Here are the details for the next meetup. Looking forward to seeing you all there!

Date & Time: Wednesday, January 22, 5:30 PM - 7:30 PM

Location: Après, 148 Anderson St, Portland, ME 04101

You can find more info at the link below:

https://www.meetup.com/southern-maine-real-estate-investors-...

Cheers,
Dan

@Justin Freeman

https://www.biggerpockets.com/forums/521/topics/1224454-real...

Hey Everyone!

Here are the details for the next meetup. Looking forward to seeing you all there!

Date & Time: Wednesday, January 22, 5:30 PM - 7:30 PM

Location: Après, 148 Anderson St, Portland, ME 04101

You can find more info at the link below:

https://www.meetup.com/southern-maine-real-estate-investors-...

Cheers,
Dan

Hey @Chase Pomerantz, welcome to the area! I run a local meetup in Portland. Reach out and I will send you the info for next months meetup. It would be a great opportunity to meet others in the area that are investing.