All Forum Posts by: Derek Schlaht

Not a problem @Hamish, it happens to the best of us! Just wanted to clarify👍 reach out if you ever want a second set of eyes on a deal, I love numbers!

Hamish, that is the cash on cash return. (19% is still excellent!) But the cap rate is your NOI / Property Value. In this case 9,600/193,000 which is just a hair under 5%

Hey all,

Does anyone have a quality list of business, life AND real estate books? I'm looking to expand on my collection and don't want to miss out on anything! I believe on the BP podcast, Brandon even mentioned that they compiled a list of the answers that each guest gave. Anyone happen to have that?

Thanks!

P.S. Still looking for deals in Grays Harbor and Thurston County!

Thank you both for the warm welcome! It's really awesome knowing that there are more people from my neck of the woods on here. It'd be great to collaborate with anyone interested, reach out anytime!

@Tyler Todhunter Yes sir, buy and hold is my preference!

@David Stone Thank you very much! I couldn't agree more, I thought i was going to be alone here! Haha

@Gabriel Graumann Great feedback, thank you! I too feel that it is a huge advantage to invest in/near where I live so I am much more aware of potential pitfalls, or missed opportunities I wouldn't otherwise know of. Commercial is intriguing for me, but I feel like maybe I should jump into a a small multi-family of some sort next. After I get a better feel for that, I'll keep moving up with the stack method as multi-family is ultimately what I prefer at this point.

I actually haven't looked that far north yet, but it is definitely not out of the question. We might have to get a little creative with the financing, but I am open to possibilities! Let's absolutely connect!

Thanks Andrew, much appreciated! It's makes things a lot easier knowing I'm not alone in this!

Hey there BP Community! I am a new investor out in the Grays Harbor, WA area (shout out to Brandon Turner). I currently only have 2 houses and a piece of land, but am trying to become more active! I am in a great position to meet people and network as I work for the Economic Development Council/Chamber of Commerce, and feel that this has been beneficial thus far. Right now, I am in the process of deciding if I want to stick solely in this market or branch out. I feel there is opportunity to be had here, and it would be great to be able to say that I was part of the revitalization of my hometown!

Regardless of where I end up, I love real estate. I love being around the people, working with numbers and having the opportunity to be a difference maker. It'd be awesome to connect on here with anyone interested, don't hesitate to reach out!

Hey Joe, thanks for posting. I've looked into the Indiana market a couple times, but have yet to pull the trigger out there. Since that's where Ball State is, are most of your tenants college students? What else makes that a desirable market?

Thanks!