All Forum Posts by: Antoine Martel

Troy.

What I would do is have these people lend money to my business as a PML. I'd sign a promissory note with them and pay them a flat interest rate. That would be the most simple and would require the least amount of paperwork.

Gabe. 

Welcome to BP man. Check out my profile and if I can be of any help to you. Please reach out. 

Personally. That place is a little bit too far outside of Indy for me to be comfortable investing in it. Also with a 27% return I think this deal may be too good to be true. 27% is amazing return. I think that if you are paranoid then you should not do the deal. Follow your gut.

Do you invest out of state a lot? I live in LA, which is close to you, and invest only out of state. I'd love to connect and see if we can do something together!

Chris. 

I do not know that area but when I do not know the cap rates this is what I do:

1. Check out the recently sold properties in the area or have a realtor pull this for you. Look at the caps on those properties. 

2. Check zillow for some comps.

3. Look online for some reports, sometimes they show cap rates for properties similar to your subject property.

What is your strategy? To buy and hold for a number of years? 

Based on the Price and the rent that you would be getting this deal looks tight and I don't think you'll make a great return on a monthly basis. Have you analyzed this deal with the bigger pockets tool? 

Jeremiah.

Welcome to BP. Glad to see that you are so young. You live in AR but are investing in Sacramento? Thats interesting. Sacramento is a tough market right to for fix and flips. Have you landed any deals yet? 

I'd love to hear more about what your goals are. Especially when it comes to buy and hold properties across the US! Let's connect. 

Welcome!

Great question and investing out of state is the best move that I ever made. Now I live in LA and invest in key markets around the usa. I have built a portfolio which cash flows every month and it has been going great. I'd love to share how I got started and if I can help you grow your business and build up some cash flow. Connect and let's chat!

Originally posted by @Jay Hinrichs:

@Antoine Martel  Ok then well her question was how to go about renting an apartment in Portland.. how does that tie to buying a rental in Memphis or Cleveland  LOL... the west coast does not cash flow Is such an old tire saying.. and simply is not true..  cost of getting into a deal is higher generally speaking on the west coast but you can easily cash flow a multi family on the west coast and in PDX particularly. .so your information is just not correct..

She posted that she was looking for a 2BR apartment in Portland. That doesn't tell me if she is looking to rent or buy. 

If you want to keep talking DM me. No need to bother everyone else with your comments. 

Originally posted by @Jay Hinrichs:

@Antoine Martel  they are looking to rent and not buy... Portland is an excellent landlord market..  there is cash flow in many markets other than the mid west.. just because you sell those does not mean there are not other areas folks could do well at the rental game its not all aobut numbers for many people.

 I'm not selling anything. 

Just focus on answering Michelle's question. No need to bash other people.