All Forum Posts by: Emmett McNulty

HI @Jim Cummings,  who published those numbers? I would be very interested in reading that article.  Thank you for sharing!

Doug,  In my experience buy and hold markets = flip markets.  For example, if the multifamily has positive cashflow it will also fit for a condo conversion.  Same usually goes for single families, usually if you can get a property to cash flow you can also sell it for a profit.

Welcome Doug, our team has found some luck in both the SFR and mid-small multi (3-12) markets around the north shore of boston. Its not the 13-15 CAP rates we used to see, but 8-10 is still achievable. Feel free to reach out if you have any questions!

Hi all,  I have an opportunity to purchase 30 storage units in a remote area off of a 2 lane highway in an area about 3 hours from where we currently invest, Way out in the Country.  We own a lot of rental property, but I have no experience in storage units. The acquisition price on these makes a Ton of sense, IF we can manage them remotely.  That said, I am having a hard time locating anyone who as done anything like this and succeeded (maybe this should tell me something).  Is there any advice out there on buying small storage complex's and using technology to manage them?  The number of units just doesn't justify having a property manager on site and I think having a realtor help with showings or rent collection would be a major challenge.  The best deals usually require creativity, but Im really struggling with this one.  Any advice is much appreciated!

Hi @Account Closed and @Shawna Neuner

- Emmett

This Friday we are going to host an open house to give each of you the chance to check out the "before" condition on a property. We would welcome insight and ideas from any and all of you. What areas would you focus your efforts to get the biggest improvement for the least investment?
Are you new to investing? This would be a great opportunity to learn from more experienced members of the group. Can you see the potential in diamond in the rough? What potential pitfalls does this property hold? How do you determine the current value? List the estimated repairs and develop an after repair value for the for the home. Then at the end of the day, is it worthwhile? Most importantly, would you be able to secure funding for this project?

This is an open house, come and go anytime between 4 PM and 7PM on Friday January 19th at 3100 Timberhill Trail. BYOB is welcome.

We are opening up one of our renovations in Columbia, MO to anyone who is interested in seeing a in-process renovation.  This is an informal event, and we would enjoy sharing how we renovate, why we do certain things and what we look for in a property.  If you are interested or experienced in renovating, flipping or renting, we would enjoy seeing you at the event! Feel free to reach out if you need directions. Project is located behind Tiger Tots on Paris road. And of course there will be refreshments.

yes, we have meeting monthly and need to have another meetup.

We are Having a Meetup in Columbia Missouri on June 22 starting at 5:30 PM at Harpo's Bar and Grill downtown.  This will be a casual networking event that we encourage anyone interested in the Columbia Real Estate Market to attend.  No experience necessary, and we look forward to meeting everyone!

Jerry,

I think this is a great observation and good advice, depending on someone's strategy. My recommendation in this type of endeavor is to always check your numbers. Double, triple or even quadruple check the properties vacancy, estimated monthly repair costs, and capital improvement requirements the properties has had, currently needs and will have. Usually, it is a good idea to look at these types of deals as a flip first, run all your numbers doing a renovation and then circle back on your CAP rates to make sure the property still cash flows. We this formula on a regular basis here in Columbia, MO and it has worked for us.