All Forum Posts by: Jason Triano

So I figured out if you upload your company logo where you would upload a photo of the property it will show in the header like the prior reports.

@Brad Hammond Hi Brad. The problem is as a 5 plex this isn’t going to really attract the institutional investor that would be fine paying a market cap at 5.5%. This is the type of property that needs to attract smaller investors like myself. In this case I wouldn’t even entertain a property that isn’t 8%-10% despite what the market is dictating. Cash flow is much more important to smaller investors than institutional. In contrast. If this property was a 40 unit at 5.5% you would have little problem selling.

@Greg Soon Older buildings have a lot of what I call gremlins. You really need to treat these properties as value add opportunities even when they are in good shape, looking to get these properties under market value to make them worthwhile. The maintenance is definitely under estimated. It’s safer to assume it’s more around 5k a year for standard not really taking cap x into account. With the info you stated I would be comfortable getting this property more in the 750k range.

@Faysal Alam For this deal you would really want to see between $400 and $500 a month cash flow. I wouldn’t even look at a property that did earn me at least $100 per unit in cash flow. That’s a good benchmark to start with. Also look for a really good pro forma template to account for all expenses. It is very easy to miss things like common area utilities. Get the book What Every Real Estate Investor Needs to Know About Cash Flow by Frank Gallinelli. He has a great pro forma template in there and is really thorough on all measures. Then you can input into the bigger pockets calculators.

Thanks for the feedback. This is what I figured as far as putting up the down payment. I was just curious if anyone has gone through 100% financing and what their experience was.

HI everyone. I'm looking to get feedback and advice on the idea of using hard money, entirely, for the down payment and rehab, then doing a 12 month cash out refinance (maybe 6 month depending on lender) to go into a conventional mortgage to rent / hold a multi-family. What experiences can you share, advantages / drawbacks? Would you recommend this strategy? Thanks!

Thanks for the reply Sam. What are three counties you would focus on in Georgia as an investor? I am looking to start researching OTC.

Thanks for the reply Dennis. Correct me if I'm wrong, but you call your tax sales commissioner sales, with one year redemption period? Also, what other counties are desirable in Indiana? 

Hey everyone. I'm looking to connect with anyone who is doing tax liens in New Jersey and tax deeds in Texas, Georgia, and Indiana. I'm also interested in establishing relationships with RE attorneys / agents in these areas. Anyone, feel free to reach out. Looking forward to networking and getting the ball rolling. Thanks.