All Forum Posts by: Henri Meli

@Dave Mackey , @Lim Kian hong , @Will Kaufmann ,  @Jeremy Albers , 

@Jensen Roll , @Joel Sivertsen ,  @Brandon Hall 

@Gino Barbaro Do you already have date/location for your live event next year? I will definitely make it this time around. 

@Abi O. 

One more suggestion in regards to damages before and after: Do you a checklist  that you can give the tenant, so she marks the status of some of important items in the property as of "today"?

That way, you have a starting point going forward. 

@Todd Dexheimer . But, how does that look like, when you wrap numbers around it?

Well Capitalized: Which number are we looking at? Down payment + Reserves? Should we have xzy % of money above down payment for reserves?

Conservative underwriting: What key numbers do you look at? Can you be a little more specific?

Additionally, Biggerpockets has investors from various sizes units ... Should a 10 units property be underwritten similarly to a 250 unit property in the same market/submarket? 

@Michelle Fortier . Great topic. I have found an interesting article here from Gino. I'm sure there are a lot more. 

@Rashad Irving . Now, that is great to see you are taking action. Since you are a mailman and know/walk the area, I'm sure you will run into these types of assets often.

As mentioned earlier, you should reach out to the owner and ask if he/she is selling and how much they want for it. 

In the meantime, you should research what it would rent for, start reaching out to banks/lenders (assuming you will need financing), .. etc.

@Noor Gill . You could go all cash and save. 

Another option is you could also become a small lender. There are platforms, where you can lend others money. There are various strategies to use, when investing on those platforms: lending clubs, ... etc. 

@Shay Singh $4K per month is $48k per year. If 400k is 25% of down payment, then your asset needs to cost $1,6mm.

You will need a 10 cap asset to produce you this cashflow consistently. C and D class properties ( multi family ) can do it. You can also look at distressed assets. after you have spent money fixing them up. 

@Gino Barbaro . Congrats. Sounds like another gem. You guys really make it happen tirelessly.  I like your creativity in swinging these deals. Truly inspiring and motivating. 

@Jacob R. Crosby . I'm not sure what type of price range you are talking about. Have you thought about pooling resources to acquire/control larger assets?