All Forum Posts by: David Smith

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David Smith has started 140 posts and replied 539 times.

Good cash flow and value appreciation. Maybe Mideast and southern have most such good deals.

Originally posted by @Pat G.:

What is your criteria for a "Good Deal"?

0 Votes

I mean good deals.

0 Votes

Good cap rate. How is property value increase rate in the area? I may invest there.

1 Vote

@Chris B. I am in N. NJ too. Nj is hard due to high price and tax. Who do you get refinancing from?

1 Vote

You need sell one , and use the cash to buy two more. Repeat.

Originally posted by @Kyle Coleman:

@Daniel Krantz That is fantastic, really a great write up and inspiration for the rest of us. I am in a similar situation, I have purchased a few properties that are buy and hold with 20-25% down that are cash flowing nicely; but it takes forever to save the capital back up for the next one.

I intend to deploy the BRRRR method this year and hopefully snag 2 properties, that's my goal anyway.

Thanks for sharing!

Kyle

0 Votes

Which auction sites you use ? All cash deal?

0 Votes

Location is key. If it is in nyc area at this price , it is a deal.

0 Votes

MLS or off market owner direct deals.

0 Votes

1. the building itself as others said. Roof / basement is #1 for me.

2. Interview the tenants if you are buying the tenants inside . Make sure they are reasonable. You need to interview them and you feel comfortable with them.

2 Votes

If you are in northeast of USA, impossible to profit from single family rental. Only multi family works.

4 Votes