All Forum Posts by: Jim Farrell
Jim Farrell has started 9 posts and replied 58 times.
Post: What reversion cap rate to use in 5yr projection?

- Clarksville, MD
- Posts 67
- Votes 8
I'm with @Larry Flanagan . I'm in the DC area, and work for a company acquiring shopping centers. All of our reversion cap rates 5 years out are 50 basis points higher than our going-in.
Post: Just bought a 140 unit property. Here’s how I financed it (thanks BP!)

- Clarksville, MD
- Posts 67
- Votes 8
@Mitchell M. : Brian made reference in an earlier post to sharing cash flow with his investors after an 8% return on capital for them was achieved, and I recall his share was 30%.
@Brian Burke , does the same ratio hold upon sale? Also, could you share generally how you negotiate these with investors, and what factors come into play?
Thanks!
Bryan, for many investors, Zillow, Trulia and the like offer a quick way to determine the value of properties in a neighborhood that have sold. And also for those presently on the market. It might not be the most up to date data, but it's free and as mentioned above, quick.
For those of us who aren't realtors and don't have access to MLS, it's the only way--short of bugging the hell out of our realtor friends!
Post: The best book to learn about buying apartment buildings?

- Clarksville, MD
- Posts 67
- Votes 8
Hello @Jason Varney ...
In my opinion, there's simply no substitute for reading through this BP forum on a regular basis. And interacting with questions. The breadth of topics here are probably much wider than you might find in a book. And less "instructive",more helpful.
It's a strong community here.
Post: How do I correctly quote an author's handle when responding?

- Clarksville, MD
- Posts 67
- Votes 8
Thanks, @Jon Holdman !
How's that for putting this to use right away?
Post: How do I correctly quote an author's handle when responding?

- Clarksville, MD
- Posts 67
- Votes 8
This may seem like a very basic question--trust me, I searched for the answer on BP for a while and couldn't find it! How do I "quote" (hope I'm using that term correctly) the name of a post's author correctly so that it is a clickable link?
Thanks in advance!
Post: Just bought a 140 unit property. Here’s how I financed it (thanks BP!)

- Clarksville, MD
- Posts 67
- Votes 8
@Brian_Burke, thanks for sharing and also for answering all of the follow-up questions. What I'm most interested in learning is how you stay clear of SEC issues when doing private fundraising? Do problems only arise with the SEC if one publicly trolls for money, i.e. through advertising etc.?
Post: Total Return

- Clarksville, MD
- Posts 67
- Votes 8
Matthew, Jeff made some very good points in his response, some of which you've addressed. I'm wondering, though, why you're able to get into the property with such little $$.
You mention that cash flow is very tight presently--I'm assuming that's after you acquire the property and based on some seller financing. So this also begs the question in my mind: are the terms of the seller financing too onerous on you as the buyer, thereby restricting the cash flow?
It just feels like a little bit of "If it's too good to be true...." to me.
Post: Is there a way to customize my Dashboard feed?

- Clarksville, MD
- Posts 67
- Votes 8
Thanks, Josh.
Post: Is there a way to customize my Dashboard feed?

- Clarksville, MD
- Posts 67
- Votes 8
Presently it looks like my dashboard feed shows all the posts made on the site. As a lot of these are not relevant to my interests, is there a way to customize my feed by forum categories, keywords, etc?
Thanks very much!
Jim