All Forum Posts by: John B.

Ive listened to the first 50 episodes of BP and a It seems investors shoot for the 2% rule. Ive been looking at commercial multifamily (5-15) units and it seems the majority of them barely or just best the 1% rule. Is it impossible to find 2% in 2019? It seems with 50% maintenance rule of thumb the 1% apartments don't even make sense for me cash flow wise. Anyone have any tips for me, I live in South Florida where prices are getting high.

Thank you both, I’m also looking in South Georgia, a 5 hour drive for me, anything where I can drive seems so much easier for me.

I live in Florida and potentially looking at small 8-15 unit apartments in the midwest, Texas, anywhere where the market makes more sense than inflated Florida prices. If working a full time job, how would I see these properties? Submit a contact and fly in to hire the inspection, meet property management companies etc on the same week? What is typically your process when buying out of state? 

Yes, I have the rent rolls and actuals for the past 2 years. 

Looking for an apartment around 10 units in the South Georgia area. Expenses seem to run 27% without mgmt and 37% with 10% mgmt for C class building. Do these numbers sound right? Currently owned/managed by a local company. The Broker uses 35% for all the apartments he has listed for this seller.

The war zones you speak of, those commercial properties northwest of the Saint Johns river? 

Great thread, quick question, if I live in South Florida and am looking at commercial multifamilies in North Florida, what would be the best way to find a commercial broker since its out of area? Look up brokers with good reviews in the area of potential purchase?

Come to Jon Huber’s  meet up next Saturday on June 8, find Jon Huber on here 

Hey Steven,  with these flips are you able to salvage any money from some of the appliances, such as sell them on offerup or craigslist,  or is everything in the house thrown out?

Hello Jon, I see you run Domu investments in Boca. I would like to attend this meetup.