All Forum Posts by: Matt Weiss

Hi Everyone,

When it comes your real estate investing. What concept or idea was hardest for you to understand when you were trying to learn?

@Nate Miersma Please send me details.

Thanks everyone for the encouragement to sack up and put an offer out there!

Cheers!

@Account Closed

I was assuming that if the cap rate is the ratio of Net Operating Income (NOI) to property asset value. Then from my estimates it's sitting at 6% cap, my offer would bring it to 9%. This market floats around 8-10%

What do you mean by "There is no source for cap rates for 4 plexes."

@Samantha Hiscock Touche 

Hi All,

There is a property that has been on the market for over 400 days that I really like at about 15k below the asking price.

A little backstory, it's a 4 plex that started at 240k, then was relisted at 220k, then to 189k now 179k. The previous owner owned up to 400 properties and he's dumping his portfolio.

I like this property at 165k or 170k with closing cost credit.

I'm considering submitting 2 offers with different closing times. Any advice on a cover letter to explain my offer/numbers? Anyone have a template or script? Is it crazy to share my analysis spreadsheet to explain that I want a 9% cap out of the property?

Thanks!

MW

Hi All,

Looking for some advice from my Atlanta area investors. 

In Marietta, GA area near south Cobb/Dobbins Air Force base. Prices here seem reasonable and not too hot.

Any one have properties here? What are the tenants like? Is it possible to find good property managers? I used to live in Smyrna and while familiar with the area, I'm not from a investor perspective.

Thoughts?

@Kevin Harrison

If it's not near the beltline I'd like to know what other neighborhoods in Atlanta are as described. Ha.

@Joshua Feit

Do you live nearby? Have you seen the neighborhood during all hours and not during the weekend or occasional trip?

I live in a transitional part that sounds like what you described but in my opinion there are some neighborhoods that are still FAR from seeing the gentrification that people are talking about. I ask the above because I think many of these parts are much more attractive during the busy weekends when people travel to these areas.

Which would make me ask the question what is your hold strategy? If you're okay holding it +10 years, you might be over analyzing it but if you think you might want the capital for something else in the near term I might think twice.

Just my thoughts - would be curious to know where it is if you pull the trigger.

MW

@Brian Stefanelli

Great question - that's what I'd be curious to know as well. I'm not actively using the web for real estate, seems like most strategies are leads based and that's not something I'm pursuing for now.

@Sean Dolan might be able to comment however.

@Sean Dolan

Thanks for the connection. At Char-Broil we use google shopping. It works well for us on SKUs that aren't picked up by our retailers since we don't compete with them as a manufacturer in paid search.

I use LOTS of varying custom views. Most of which consist of 2 metrics that I pull from opposite ends.

Example: top trafficked pages & bounce rate. Export to excel and apply a filter to view the top 20% of pages views and sort by highest bounce. It's a quick way to see what pages have traffic or some form of "intent" but have the opportunity to be optimized. I do this across many metrics such as add to cart rate vs. buy rate. Shows intent but SKUs with highest abandonment.

What about you? Any particular views or strategies for quick insights?