All Forum Posts by: Dan Rowley

@Mike Moore I believe you're looking at the numbers correctly.  One can't find decent cash flowing properties in Raleigh metro for a couple years now at least (+many other markets), given the rapid price appreciation and now the high financing costs.  You 'might' find some downtrodden properties that on paper could give a bit of cash flow but in reality you'd be signing up for big headaches.

Yes, look into DSCR loans when you max out your DTI.

who is/are the sponsors?  There are likely others on this forum that would benefit from knowing.

@Lin Qian  I think with these coaching programs you will find some of the participants may be weak and some may be strong.  There is no blanket statement..   And sure, the coach has probably vetted/reviewed the deal and 'endorsed' it but they are incentivized to have their students do as many deals as possible because they can benefit on the upside (as co-GPs).  I am always wary of these types of deals and stay away from them I'd rather invest with established GPs with more experience and know-how.

@Jim Ebadi  One of the best I've found is from Lonestar Capital (Rob Beardsley).  Last I knew it's available on their website and he has also written a book about underwriting that references the model.

@Ryan Briggs  My partners and I are active in buying and managing multifamily in the Carolinas and we are most focused on the Greenville, SC (upstate) region.  you can DM me if you'd like to learn more.

@Zach Fulton   If you are planning to buy and hold this then believe you have underestimated your taxes.  For an investment property (one in which you are not living in and don't qualify for homestead rate, you would expect to pay close to 2% of value in property tax.  So that would be $3k/yr and not $1k/yr.  The rule of thumb in SC for investment property tax is you'll pay ~3X the resident/homestead rate.  Does this make sense to you?

This post covers a lot of ground... I'll just say there are probably a million or more things that that are 'morally' worse than providing a safe/clean/functional place for someone to live in.

@George Amezcua

Are cars safe?   It depends on the driver and Syndications are like that

I'll be there.

@Taylor L.  glad to hear you're going and let's make sure to meet in person this year!