All Forum Posts by: Kyle Teixeira

@Mike Hurney This is the form I use to analyze deals. So this is what I am talking about when I see 1% rule properties. This Property came on the mark late last week.  I also sometimes use it to see what I would have to get the property for to make me comfortable with the investment.  

Also, to answer where I think we are in the cycle: I know this doesn't answer your question, but I feel like the market is artificially inflated due to the interest rates being so low. Eventually they will come back up, and some of the folks that refinanced to an ARM may not be able to cover the difference, so some of the extra cash that's in the market may dry up as well. That's just the feeling I get, you have more experience and may see it differently(which I would like to hear).

Here are #'s below any feedback is welcomed

@Mike Hurney I'm not sure what you are asking with the top of the market question.

Also, you mean post some of the properties I analyzed?

Thanks,

Kyle

@Paul Timmins thanks for the response, few things:

1) thanks for the advice I will check out the REI groups for sure

2) I will make sure to search for HUD homes, as I am open to purchasing distressed properties.

3) When you say student housing, are you referring to a specific program with the university where you are some type of preferred vendor of some sort, or just renting to kids in general.?  Also, what is the implication where you say "you don't have to own property to own it?"

Thanks,

Kyle

Wow, thanks everyone for the response.

@Tim Wilkinson, I am mostly look on MLS for multi-families that are structurally sound, but need cosmetic updating, or the opportunity to add a bedroom. I have been looking primarily around the Umass Lowell campus only because there seems to by high growth in that area. Any pointers for finding deals are always welcome.

Thanks,

Kyle

Hey BP folks,

I am currently looking into starting my investment career by purchasing my first multifamily house. A few observations or thoughts I have after running number on deals as they pop are as follows.  Initially I was going to invest in Lowell, MA but, I can't help but feel the market is really hot right now.  Houses that are in rough shape and in tough neighborhoods are getting 20-30 people though an open house.  Does anyone have the same feeling?  Also, from talking to people I know personally, Massachusetts can be a tough state to be a landlord.  

I have however, started looking at Southern, NH such as Nashua and Salem, and the houses seem to more consistently meet the 1.5% or even 2% rules. I was wondering if anyone that knows those areas well, could give me some insight on market rents to ensure the analysis i am doing isn't totally off base. 

Thanks in Advance,

Kyle Teixeira