All Forum Posts by: Joe Gummerson

Hi Britton!  I've got a package of 3 rentals in OKC I'd like to sell.  Is there someone at your organization I should contact?

Hey Juwan!  Congrats on starting the Investing journey.  Ben Scott is a great agent in OKC.  Over the last couple of years, he's help us purchase a handful of great rental properties. @Ben Scott

Closely following this thread.  Let's see what type of responses you get......

Hey Jessica,

Is this a rain or shine event?

Joe G

Markeita Roush Wedlake has been doing 203k for many many years.  DM me for her contact info.

Hi @Christopher Radecke

Did you have a price point in mind?  The San Diego market is vast and the areas available to you will largely depend on what you'd like to spend.  Your investment strategy will also play into what areas will work best.

Joe Gummerson

Check with my friend Alton Hall at Foundation Escrow.  He's their Business Development Manager.  They're an independent escrow company, so may be better at creative deals.  I let him know you may be reaching out.

@Jon Catterson ,

San Diego has a wide range of property values. It's very possible that some of our Coastal Communities have a GRM at 30.

Gross monthly rents x (12 months) x (a multiplier) = Purchase Price.

Saying that San Diego is a 30 multiplier is too high. You should be able to find GRM under 20.

Example - A duplex rents for $1,500 per side =$3,000. $3,000x12 =$36,000. A Gross Rent Multiplier of 18 would indicate an approximate value of $648,000. Using GRM is really just a rule of thumb, which can vary greatly neighborhood by neighborhood. Use the GRM of past sales in an area to provide a general idea of what the value of a Multi family could be.

This is a very basic explanation, but hopefully answered your question.

Hi Ben,

I look forward to joining you on the zoom meeting.  Is it ok for out of state folks to sit in, to listen and learn?

Joe G