All Forum Posts by: Ryan Meggison
Ryan Meggison has started 2 posts and replied 9 times.
Post: So what's holding you back?
- Rental Property Investor
- South Dartmouth, MA
- Posts 9
- Votes 0
@Frank Patalano finding a deal and feel confident I’m making the right offer.
Post: What’s your underwriting criteria?
- Rental Property Investor
- South Dartmouth, MA
- Posts 9
- Votes 0
@Josh Oaten can you expand on your google mapping tool?
Post: What’s your underwriting criteria?
- Rental Property Investor
- South Dartmouth, MA
- Posts 9
- Votes 0
@David de Luna thanks for your input! How are you using this info to come up with an offer? Are you using market cap rates?
Post: What’s your underwriting criteria?
- Rental Property Investor
- South Dartmouth, MA
- Posts 9
- Votes 0
I’m interested to know what everyone’s underwriting criteria is…
Cash on cash
IRR
DSCR
Expense ratio
1% Rule
2% Rule
50% Rule
Etc.
Basically how do you want to write a potential multi family investment property?
I’m aware there is no one-size-fits-all approach, I’m just curious to what you other BP’ers are doing…
When you post a reply, it would be helpful to know what market you invest in, and what your average deal size is, number of units, etc.
Post: What % should expenses be in relation to gross rents for multifam
- Rental Property Investor
- South Dartmouth, MA
- Posts 9
- Votes 0
@Bjorn Ahlblad
How would you factor in undermarket rents?
Post: Multifamily books recommendations (Canadian or neutral)
- Rental Property Investor
- South Dartmouth, MA
- Posts 9
- Votes 0
@Sean McGrattan I’ve read my fair share of books on the subject. My favorite so far is Crushing it in Apartments and Commercial Real Estate by Brian Murray. I’ve recommended it numerous times.
Post: New MEMEBER to BP !!!! Looking to invest in Multifamily
- Rental Property Investor
- South Dartmouth, MA
- Posts 9
- Votes 0
@Anthony Thompson thanks for the info! I just recently heard of the Fall River meet-up. I’m trying to get some additional info on this group and plan on attending the next meeting.
Post: New MEMEBER to BP !!!! Looking to invest in Multifamily
- Rental Property Investor
- South Dartmouth, MA
- Posts 9
- Votes 0
@Zach Midwood
I just recently started attending the RI REIG in Warwick, and I’m looking for some others in the area. Can you recommend any closer to this area?
Post: New MEMEBER to BP !!!! Looking to invest in Multifamily
- Rental Property Investor
- South Dartmouth, MA
- Posts 9
- Votes 0
Hello BP !!
My name is Ryan, I'm 36 from Dartmouth, Massachusetts. I am a new real estate investor and delighted to be a part of the Bigger Pockets community. I've been listening to the podcasts for a while and the content is amazing. I've browsed the forums for a while and learned a lot but finally felt it was time to make the leap and join.
I currently own single family home with an accessory apartment. This was my intro to real estate investing... I'm looking to scale up quickly and I'm currently looking for my first multifamily deal. Preferably 8+ units. I'm actively looking and ready to take the plunge.
I'm Looking forward to learning, networking, and connecting, with all of you!