All Forum Posts by: Jason Mileshko

I'm sure this doesn't surprise anyone.

Cap rates continue to compress nationwide in almost every market. CBRE reported that most investors were willing to purchase industrial and multifamily assets at asking price or at a premium. Stabilized and value-add office assets saw mostly small to moderate pricing discounts, while retail and hotels saw moderate to large pricing discounts. 

Philadelphia, Oklahoma City, and Portland were the only multifamily infill markets that saw cap rates rise. All others saw cap rates remain stable or compress.

Check out the full report by CBRE here. 

Hey everyone! I am currently trying to get all my ducks in a row and have a long-term plan outlined. I know real estate investing will be the way I achieve my financial freedom. My vision of financial freedom is, of course, having my assets pay for my livelihood but also allow me to buy more assets to grow. What I'm trying to wrap my head around is a realistic number of units I need to achieve this goal. At my W-2 job, I am making around 60K a year. This amount is fine because I am keeping my expenses low. But I also know that this amount of money won't sustain me year-over-year for the rest of my life. I haven't put an exact number on what my end goal is yet, but it's more than 55K a year lol.

I'm aware that this COMPLETLY depends on the deal. What's most important to me right now is the cash flow of the deal. Appreciation and tax benefits are just icing on the cake. 

I would love to hear everyone's stories as to how many deals/doors it took for you to achieve your financial freedom and, ideally, a breakdown of what those numbers look like. Now is the time to brag! lol 

Hi Everyone!

I'm an investor from central CT that's having a hard time finding deals, like many others in my area. My initial plan was to house hack a single family home, with cashflow being the main objective. Unfortunately, COVID set the single family market on fire, and finding a deal that works became even harder. I'm now thinking of pivoting to BRRRing a multi-family.

The overall goal is to scale my portfolio quickly, which a BRRR would definitely do. That said, the multi-family market is a tough one in CT as well. In terms of location, I'm thinking Manchester would be the best fit for appreciation AND cash flow, but am open to others as long as the numbers work. I was wondering if anyone has, or is trying to do the same thing, and has any advice for finding suitable properties.

Thanks!

BiggerPockets! I work at BP and I'm working on building a landing page for Texas and the cities of McAllen and Houston. Would anyone be willing to share why you choose to invest in the city or the state in general? What makes it so wonderful?

Hi all!

Aspiring investor here in South Florida. Been following BP for years however I’m more of a learn by doing and engaging type of person rather than listening and reading (Enjoy getting my hands dirty and making it happen!). Looking for local South Florida investors that I may be able to provide some value to while helping you with the daily grind. I’m an energetic and active person with great connections in the commercial construction/utility space. Currently working full-time as a chef for a well known restaurant group and would really be looking to connect once or twice a month. Any opportunities would be informative for me and I hope very helpful for you! I’ll be sure not to disappoint.

Thanks fo your time!

on September 16 Governor Newsome Signed into law SB9 that does allow California homeowners to build additional housing units Subdivide and even sell Smaller lots with additional housing units separately. a Homeowner must be living in the property for 3 years and must have the larger lot size. it excludes Historical Designated homes and districts. I see a real estate Bonanza of new opportunities for us to partner with existing homeowners on larger lots built and subdivide. the Boxable Casitas for $50,000 prefab comes to mind. What new opportunities do you see with California SB9?

Hey, I'm looking to purchase my third property in the Hampton Roads area. I own two single family homes in Portsmouth, VA (3 Bed / 2 Bath and 4 Bed / 2.5 Bath) and was considering Norfolk, Chesapeake, or preferably VA Beach (4 Bed / 2 Bath) for my third property as an owner occupant. Not too familiar with these areas, I'm originally from New York. Any recommendations on location/value?

Who's investing in Oklahoma out there? How is it? What cities/towns are the best to invest in? Thx

Hello investors of Tampa!

This is a very casual/free investor meetup for all those who call the Tampa Bay area home or enjoy investing here.

So, join me on October 20th at Cigar City Brewing! Save the date on all future meetups as we will try to meet every 3rd Wednesday each month. Please click the "attend" button as soon as you can commit. We'd like to get a headcount so we know how many people might be attending.

This month we are heading to Cigar City Brewing (back room) located at 3924 W Spruce St. Please support CCB by purchasing some food or drinks. They were gracious enough to hold the back room for us.

Every experience level and role is welcome! This is a free, no-pitch type meet-up, so no pressure, no formal talks, just a quick intro, and then we dive into deeper conversations on a personal level. We're here to meet other like-minded people and to help those who are interested in investing in Tampa. You will find information on everything real estate related such as: Wholesaling, Property Management, Construction, Attorneys/Title Companies, CPA's, How to find deals, Financing, Partnerships, etc.

We will gather and network from 6-6:30 pm and then spend 15 minutes doing a group conversation where each person can quickly introduce themselves if they’d like.

This is also an opportunity to learn from others and make valuable connections. Feel free to bring your business card.

Please click on the “Attend Event” button within BiggerPockets and set a reminder on your calendar. See you soon!

Date/Time: Wednesday, October 20th, 2021 from 6pm - 8pm

Location: Cigar City Brewing, 3924 W Spruce St., Tampa, FL 33607 

I've heard that investing in Self-Storage is a great idea. I agree! It seems like a great business. I was wondering if anyone has had any experience in this area?