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All Forum Posts by: Lars Bruinink

Lars Bruinink has started 2 posts and replied 3 times.

Post: Rental Property Calculation

Lars BruininkPosted
  • Posts 3
  • Votes 4
Quote from @Travis Biziorek:

Hey Lars, we don't know exactly how you're running your numbers but this is pretty common in a lot of markets today.

Replying because I see you're in SLO. I'm here in AG and do a lot of OOS investing. Happy to get together for coffee and talk shop if you're ever interested.

 Thanks Travis!

It looks like OOS makes most sense for us. 

I'm going to narrow down our markets and will probably take you up on that coffee.

Post: Class A & B areas

Lars BruininkPosted
  • Posts 3
  • Votes 4

Looking for multi-family properties in landlord friendly areas with positive cashflow, Ideally in Class A and B neighborhoods.

Located in CA, but familiar with the Cincinnati area. So I've been focusing on Cincinnati and Cleveland, been considering Nevada (Vegas & Reno), Kansas City and Indianapolis. 

Any thoughts on neighborhoods and areas you would focus on? Should I add places to this list?

Thank you!

Post: Rental Property Calculation

Lars BruininkPosted
  • Posts 3
  • Votes 4

I'm just getting started with real estate investments. I like the idea of a duplex (or more units), long term tenants.

I was wondering if our area just doesn't add up, or if I'm missing something.
I saw an older duplex for 480,000. The total monthly rent currently is total $3,400, market would be $3,900.

If I run the numbers, it looks like I shouldn't spend more than about $280,000, that seems a lot lower than what they're asking.