All Forum Posts by: Sam McCormack

 If you have ductwork then no. If you don't then yes. If you have ductwork thats one compressor and condensor unit. If mini split thats 1 of those per unit/room

Hi everyone! My name is Prateek. I’ve been working in healthcare for the past 10 years, and I came across BiggerPockets while reading Rental Property Investing by Brandon Turner. That book really shifted my mindset and got me excited about building financial freedom for myself and my family through real estate.

I'm especially interested in multifamily properties and the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat). I've been diving into podcasts and learning as much as I can, and my goal is to purchase my first multifamily property or complete a BRRRR deal before the end of this year.

I’m excited to be part of this community and connect with others on the same journey!

I am located in California (San Jose area) and my local market is too expensive for real estate investing. I am looking at investing with a buy-and-hold strategy. Since I am no longer limiting myself to local deals, I would like to quickly filter out deals that don't make sense compared to options I may have elsewhere. I was thinking that some rules of thumb may help me with this and give me objective criteria for comparison across states. Something like "ignore deals that have less than "N%" for Cap Rate, or COC, or Return on Equity or ROI or IRR".

1. Does this make sense or should I be approaching this differently?

2. I don't know what threshold value I should use for each of these metrics. Would this be a single set of numbers across all the states or would these numbers have to be specific to any city/state?

3. Am I making things more difficult for myself by thinking of investing anywhere (I still don't have my first property) or should I pick a handful of cities/states to focus on? maybe cities that better support a buy-and-hold strategy? Market picker on bigger pockets has a number of recommendations...

4. For my first property I was thinking of going with a turnkey provider like REI Nation and hopefully learn as I go. The thinking is that a turnkey provider might prevent me from making blunders.

Any suggestions and advice would be highly appreciated!

- Niranjan 

Hey everyone,

I currently co-own a rental property with my father, and we're managing it together. So far, it's been a great intro into real estate, but I want to level up and get more hands-on experience beyond what I'm doing now.

I’m aware of strategies like house hacking and have been learning as much as I can on my own, but what I’m really looking for is a chance to work with someone more experienced—ideally someone who’s active in the field and wouldn’t mind showing me the ropes.

I’m not even asking to make money. I’m more focused on learning and getting real-world experience. If anyone’s open to taking someone under their wing—whether it’s helping with flips, rentals, acquisitions, or property management—I’m eager, reliable, and willing to help however I can.

If this resonates with anyone or if you have advice on how to best go about this, I’d love to connect. Appreciate all of you who contribute to this community.

Thanks in advance!

This is my first time posting here. I am purchasing my 4 plex units, have rental property andairbnb property. But also have been interested in flipping/ selling a home for as long as I can remember. I kind of want to do it for a hobby and make extra cash. I saw Michigan Indiana Ohio are good places. I live in Louisiana. Where would anyone recommend and how do I start? Ty

Do you have duct work in the property? If so, just add a condensor/compressor to the existing hot air furnace for central air. 

Hello,

The house I recently purchased and am rennovating is physically a Quadplex, has 4 numbers and separate entrances. However, the current zoning only allows for a duplex. 

If it was Vacant for 5 years because of a forclosure does that erase its previous grandfathering? The 4 separate unit numbers were there the whole time.

Good Afternoon BP!

What would be some markets you would suggest getting into, starting out? Looking for SFH to start and build a portfolio from there. We currently live in Maine, and the Market here is not great, not a lot of opportunities for what we are looking for. Currently looking for turnkey properties where we can learn without the hassle and worry of rehabbing out of state.

Thank you in advance for any and all advice!

Looking to do my first BRRR deal with a friend as my equity partner

OUR MAJOR GOAL: Get enough cash flow deals to replace our entire salaries (call it $300k+ combined before tax) within the next 4 years   

We have $100-150k for a down payment, maybe another for $100k for renovations

We've heard it's better to do 5+ units (commercial) for BRRR because of the cash-flow based valuation, can make more from rehab / improving rental cash flow and higher valuation when you cashout refi so we can rinse wash repeat

We primarily are looking in the Indianapolis market but have heard deal flow for this size is suboptimal especially in highly desirable areas, we're are also looking at Ohio (Dayton, Columbus, Cincinnati) where the prices are actually seemingly a bit lower (maybe more bang for our buck) but was a bit concerned about supply and the employer mix.

We'd also be interested in other states in the midwest and maybe we don't have to do 5+, could do smaller we're not sure

Any thoughts?