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All Forum Posts by: Rob Beardsley

Rob Beardsley has started 13 posts and replied 293 times.

Post: Newbie looking to invest in Philadelphia, Baltimore & Pittsburgh

Rob BeardsleyPosted
  • Rental Property Investor
  • New York, NY
  • Posts 300
  • Votes 168

Good luck on your journey!

Post: This or THAT?! How to choose a market to begin!

Rob BeardsleyPosted
  • Rental Property Investor
  • New York, NY
  • Posts 300
  • Votes 168

I would get your capital situation in order. Its fine if you have no funds but if thats the case, you have to figure out where they are going to come from. Banks are being extremely cautious right now (prudent) and you are going to have to put 25% down at least unless you are going to live in the investment. Since this is the case, your money will not completely come from the bank. For a sub $200k market, sounds like you'll have to come up with $50,000. Continue your education journey and let family and friends know you are becoming an expert at this. Eventually, people will begin to trust you and you can ask family and friends to partner with you on your real estate deals so they will provide the money you need! There is no magic recipe.. Good luck!!

Post: New Investor: Which city should I choose as a market?

Rob BeardsleyPosted
  • Rental Property Investor
  • New York, NY
  • Posts 300
  • Votes 168

I agree that San Diego is a wonderful place, but I would stay away from California. Unless you plan on making real estate your career, I would stay in Miami and work a bit and save as much as you can. In the meantime, study study study. Find online research that discusses the merits of various markets specifically related to cashflow investing. Good luck!

Post: I just got bit by the rental real estate bug!

Rob BeardsleyPosted
  • Rental Property Investor
  • New York, NY
  • Posts 300
  • Votes 168

House hacking would be an awesome strategy but many underestimate how much of a headache and strain on a marriage it can be to constantly be dealing with remodeling and tenants. If you go this route, wait to have kids!

Post: New York Nightmare Market???

Rob BeardsleyPosted
  • Rental Property Investor
  • New York, NY
  • Posts 300
  • Votes 168

If you are comfortable investing over the long term and are okay achieving your returns through appreciation rather than cashflow then keep at it in NYC. Unfortunately, this is a very tough strategy for all of us who don't have millions of dollars to comfortably rest on. 

Post: How do you really feel about Zillow and Trulia?

Rob BeardsleyPosted
  • Rental Property Investor
  • New York, NY
  • Posts 300
  • Votes 168

Apartments.com is also a great resource in my opinion to analyze rents and get a feel for a market.

Post: How to move property to LLC

Rob BeardsleyPosted
  • Rental Property Investor
  • New York, NY
  • Posts 300
  • Votes 168

I would quit claim the deed to the LLC.

Post: Dear California Rental property Investors

Rob BeardsleyPosted
  • Rental Property Investor
  • New York, NY
  • Posts 300
  • Votes 168

Suresh,

Sacramento is a good place to start looking if you have enough capital to get involved with multifamily. A handful of areas there have cap rates above the cost of debt, allowing you to leverage up and get a decent return. 

Post: Top 10 Reasons to Invest in Pittsburgh

Rob BeardsleyPosted
  • Rental Property Investor
  • New York, NY
  • Posts 300
  • Votes 168

@Joseph M. prices have certainly gone up with the rest of the country through this great recovery since the financial crisis. Im hoping Pittsburgh has legs and can go for another great run over the next decade or so.

Post: Commercial Apartment Complex - Private Investor IRR

Rob BeardsleyPosted
  • Rental Property Investor
  • New York, NY
  • Posts 300
  • Votes 168

@John Casmon Our investors are okay with this. One thing I have been pushing for is to have less fees and more aggressive GP equity position. "Fees" hurt the idea of alignment of interest.