All Forum Posts by: Nathan Platter

Hey @Nicholas Flatoff

Definitely look for Value Add opportunities. $25k would barely buy a rental in a rough area but doing some Value Add (through Hard Money or Conventional, @Tim Swierczek does both) would make your money go farther.

Could also find deals from wholesalers, but look for Value Add.

Hey @Justin Egge

The above responses are all valid. Very true it's not Apples-to Apples comparison since the markets, tenants, contractors, political goals,... are all different (my assumption)

If you're trying to self manage, I'd definitely stick to your B criteria. If you're looking for higher ROE then consider Professional Management to handle your holdings so you still buy time. 2% is great but the appreciation upside isn't as likely so you'd have to buy at a discount to refinance and get your funds back in a few years.

@Jarrett Harris Congrats on getting another one under ownership, making good process!

@Tim Swierczek knows financing, he can point you in the right direction.

Hey @Brian Comiskey,

Welcome to the forums, would be happy to connect and hear about your line of work. Business Ownership and Real Estate are the two biggest vehicles towards building an empire.

Looks awesome! Will definitely be there.

Hey @Tyler Anderson,

I'll PM 2 handymen 

Upper Unit (vacant)

Currently vacant, 2BD/1BA.

 Market Rent: $1,075

Lower Unit (will be vacant)

1BD and 1BA on main level

2BD and 1BA on in fully finished basement

Market Rent: $1,260

Close to 8 foot ceilings

Photos: https://www.dropbox.com/sh/ezfybaql5mfmrkl/AAD7WdgUh7zibfkquH8N-JCSa?dl=0

Comps within .25 miles https://matrix.northstarmls.com/DE.asp?ID=20726263365

Estimated rehab: $10,000 to keep it rent-grade

yellow house

@Jordan Moorhead

1. What vendors do you use for materials? HD, Lowes, online,...?
2. How are you sourcing subcontractors when referrals aren't available?
3. How are you estimating your rent amounts? 
4. Do you "always" turn over certain rental features after each tenant? e.g. always kilz, replace carpet,...

@Jay Lohn,  Thank you for putting this into a clean, easy to read format! So much nicer reading a clean offering.