All Forum Posts by: Mark Hamrock

Hi @Jorge Barboza Jr. -

We bought the Multi in Anaheim a few years back when the numbers made a little more sense. My partner and I were going to buy a 6,000 Sq Ft retail property located right on Newport Blvd and 22nd Street on a seller carry deal a couple months ago but we just really couldn't make the numbers work to cash flow and we are not totally convinced there won't be a correction (at least in OC). That's why we are looking out of state. If you want, I could probably put you in contact with the seller. I believe he might still be looking for a buyer.

I hear you. If you are buying and holding though, a roof that would cost $7500 in today's money that you need to replace in 15 years will cost $12,565 then at a 3.5% inflation rate (which I think is reasonable). If you are saving monthly to pay $7500 you're going to come up $5k short. Add all those big ticket items together and you're going to be coming up short BIGLY! Something to think about.

Thanks for the advice, @Account Closed. I'm surprised more investors don't actually account for inflation rates. It can change future values pretty dramatically. Btw, am I the only one sitting at home on a Friday night nerding out over inflation rates? What's up with that?

Hi @Account Closed,

My partner and I do own doors in Orange County but are looking to expand into other markets. We are looking to do bigger commercial deals down the road, maybe I'm getting ahead of myself but I would rather do the work upfront and have it set up. Thanks!

Just wanted to see what everyone is using as an inflation rate on materials and labor to calculate for cap ex. A lot of resources I googled say 4-6% for residential but that seems pretty high when you compound it. Looking for in particular San Antonio.

Actually, using Zillow "for sale" and/or "recently sold" (although these can be a couple years old) and overlaying "for rents" works but there's gotta be a way to combine this data for averages. This is for a very general sweep to find areas to due further reserch on.

My partner and I are looking for out of State markets to purchase buy/holds and we are currently in the process of gathering macro metrics. Does anybody have any advice for a good way of aggregating price-to-rent data? I don't really trust zillow or trulia for accurate data... I've been going on realtor.com, CL, and looking at prices and rents for comparable props but there has to be a more efficient way or a pre-existing resource that has this data combined, preferably on a map. Thanks in advance!

Thanks guys, sounds good. @Jonathan Orr, I will send you a PM. @Kevin Fox, will do. Thanks!

Sounds good, everyone. To be a little more specific I'm looking for potential partners with experience to do fix/flips outside of OC, I have capital and am ultimately looking to do more buy and holds but I think the market (especially in OC) is high.

Hey everyone,

I'm semi-new to BP... been listening to the podcasts and loving them. I have some experience investing, I bought a Multi-unit in Anaheim about 3 years ago with a partner and recently sold a SFR I bought in 2003. I'm looking to network with fellow investors and start hitting the pavement a little harder to get into RE more. I'm also looking into getting a license. If anyone in the area would like to meet (I'm planning on making it to the Lake Forest meetup if it works with my schedule) and knock heads I would love it!