All Forum Posts by: Jeffrey Holst

@Joseph Martin I have done them on single families typically if you have less than $350,000 in purchase price it's not going to make much sense but you can bundle them and do several at once so if you had five $100,000 single families in a relatively close proximity it could make sense to do them.

In general I'm a gigantic fan of cost segregation I haven't paid federal income tax in the last 3 years as a result of doing these studies.

Happy to share additional information via DM if you would like.

 Thanks

@Bud Gaffney

still working on my goals but I do have a couple to share

1) add 400+ units by end of year (30 under contract to close in January so off to a good start)

2) read/listen to 52+ books (I'm thinking about doubling this)

3) run half marathon in September

4) visit 8 new countries (obviously might not be possible due to covid)

5) walk 30 mins ever day

6) be interviewed on 52 podcasts

7) increase downloads of both of my podcasts (old fashioned real estate show and last life ever)

8) finish writing my book

9) start and finish writing two other books (Old fashioned real estate advice and a no bad days book)

I'm sure there will be more and or some changes before I am finished writing goals for year.

Best of luck to you all

@Matt Ramirez look forward to meeting you

@Cody Taylor Coppola it's very difficult to estimate with out seeing the property there are a wide range of possible price points

@Greg Moore 1-5%

@Andrew White Chattanooga is a great market that being said regardless if where you end up you should spend some time getting to know other investors. I suspect it would be hard to get those kinds of cash on cash returns in reality.

Without seeing your numbers it's impossible to know what might be missing from your calculations. I think possibly turn costs, vacancy, capex etc But the great part about getting to know some local investors is that when you have a deal you can talk to them about it and see what kind of returns you might actually expect.

In my opinion if you're really looking to spend some serious money building a real estate business you should travel to the area that you're looking in and pick the one you're most comfortable with. You should also start by buying one property and see what the number is really look like once you have it for a short period of time.

And I agree with the other people it'll be difficult to buy anything in Chattanooga or probably in most of the hotter markets at or below ask.

If you do get to Chattanooga feel free to look me up

@Garrett Binder let me know if you need anything else

@Garrett Binder

Finding a lender in any market is basically the same process. Asking for recommendations is good but best strategy imo is to ask for introductions.

What part of town is triplex, how much are you looking to borrow, and what kind of term? I may be able to suggest some one if I have a bit more detail. Feel free to DM me if that's easier

@Preston Humbard I like Hixson but Red Bank and East Ridge are good as well