All Forum Posts by: Jeff Greenberg

1. Look at crime reports.

2. Walk area on google street view. look for bars on windows, what type of retail?  Check cashing, pawn shops, liquor stores,. Graffitti. 

3. Use city-data to see where the low income and below poverty areas are. High unemployment also can be found on city-data.  You can also see changes in pop growth, house prices, and median income since 2000.

Talk to a local broker.

I do have a meetup on the second sat at the unurban cafe, in Santa Monica. The next one will be on the 14th of October at 11:00am.

Come join us for some great networking. Meet with fellow investors and BPers?

How can we help you to move onto the next step?

@Dmitriy FomichenkoIs it possible to roll SDIRA funds into a solo 401k without a taxable event?  Thus avoiding Ubit.

Welcome to bp.  I run a club in Santa Monica and one in Thousand Oaks.  We are all about networking and education.  Let me know if you would like additional info.

@Todd Dexheimer other than the 10% mine does not on the student housing.  Otherwise that would be mighty expensive since we have 90% turnover on the units.

@Bruce Petersen I would be very interested in how you structure the back end to get those returns.  It typically takes some strong value adds and cap compression to get those kind of returns.  These kind of deals do happen, but not consistently, and not in all markets. 

 Because of the extra heavy lifting with the value adds we are doing, we have been doing 60/40, 4% acquisition fee, 8% pref to investors. B-C properties 15-18% projected target, with the goal of 20-30% performance.

@Bruce Petersen If you are projecting  7-9 coc and yielding 30-40% I can see why you would have no trouble funding your deals.  To be able to do that on a B to B+ product is exceptional.  Now I was able to pull a 30% annualized return for my investors in Houston, but I won't take all the credit, nor would I say that I can do it over and over again.  If your timing was good in Austin, I can see how you can get some great returns.

However, don't forget that markets are cyclical and when the tide goes out we know who is swimming naked.  If something happens where rents level or drop, interest rates go up and the cap rate uncompresses.  Now there is a balloon payment around the corner.  Remember you make money on the buy.  Buy right or don't buy.