All Forum Posts by: Patrick Brown

@Percy N. What exactly is economic vacancy? 

@Mike Dymski

Great explanation thank-you very much

Absolutely great points I only have one question, what do you mean by rent rolls showing increments of 25 and 50? How is that bad?

thanks Lawrence yes I definitely want cash flow from day one and great didn't know about trailing 12 only knew about rent roll or are those the same thing? 

Also i would like to find deals straight from the owner in hopes of getting seller financing for the first 5 at most years.

Any tricks and tips that you use for yourself if you look for deals straight from the owner as well?

mike dymski thanks I've listen to there pod cast not to long ago I'll have to listen to it again and take some good notes. Helpful information I guess I'm also looking for how to spot those things would they just be obvious to see or would I have to ask for certain things to find that stuff out?

this is just a question of the basics to look for when analysing apartment complexes. I live in Baltimore Maryland and have two single family rentals currently and have found that it is just two slow of a build up to what my goals are and am really looking seriously into apartment complexes somewhere between 15-50 units I've been looking at a few that have about an 8% cap rate but was wondering what could I look for to see if that's actually a good deal. Also what are the most common value adds that I could look for being able to do, really anything other then adding separate metering and general updating/cleaning up. I would really like to have at least one apartment deal under my belt by my 24th birthday on may 30th. Sorry if my grammar isn't the greatest it's not my strong suit.

Thank-you in advance for any help and advice from any and everyone.

Patrick Brown

PBHomes LLC.

i myself due to not having a full time job use lima1 commercial lending.

thank you @Rich Ferradinothat was very helpful.

I'm finding them in meddle river and I've heard of a few investors having success with mobile home so if anyone has had experience with it i would love to know how they do it.

Welcome to BP i too am 22 and have a rental property i live in baltimore Maryland great to know there are other young investors like myself.

My first property was a HUD home and I used Private money who is your Hard money provider? is it being sold by a small bank or large bank?