All Forum Posts by: Tj Hines

@Michael G. yes CoC metric is a good metric. The current CoC would be a little low for our standards. We like to be some where between 7-10% CoC return for the avg life of the investment. Is there any improvement for stronger cash flow?

IRR is another metric and DSCR. The higher the DSCR the better. IRR at minimum we like to see 15%

Great question @Kevin Mehner! Your best bet to go direct off market is to go direct to seller. Pull a list from list source with your specific criteria. There are a ton of filters you can use to become laser targeted with your prospect. Mail these owners letters letting them know who you are and if they have interest in selling. Stay consistent mailing. Your response rates pick up every time you mail. Try SMS too. We use an affordable SMS system that sends out automated texts. Cold call works too

@Nathan Sampson you should take a look at meetup.com and search for all of the local real estate clubs in your area. Connecting with others live may get you a better response. A response you're looking for.

If you're acquiring 1-4 units determining what other properties sold for in the area comparable to the subject property in unit quantity, size, sqft and the condition will determine the real value of your property in it's current condition.

5+ units is commercial and the value will be determined based on the NOI @Dwayne Wilson

@Christopher Krueger if there are current leases in play, by law you have to honor the terms of the lease therein. Or you can pay the tenants to move. Cash always opens up the conversation.

No gets you one step closer to a Yes @Steve Puglisi

Usually loopnet is where deals go to die. But occasionally every blue moon literally you may be find a gem under a rock. Most use loopnet as a way to get deal flow from brokers who have the most listings in their market on loopnet. Reach out to them, explain to them what you're looking to accomplish and request to be added to their list. Take care. Good luck

@Chase Gruening if the seller is firm and tight there's no other way to get to the closing table other than give the seller what they want. Or ask for a 10-20K repair allowance back from the seller at closing out of the 330K PP

I've heard great things about Bratz and Khleif @Beth Cooper!  Lindahl is a beast himself but you won't necessarily get to work with him personally. Good luck on your journey

@Matt Wills, they are!