All Forum Posts by: Shivan Perera

Hi BP Community!

I'd love to hear from anyone that has taken part of a real estate mastermind and learn a bit about your experience or whatever you are willing to share. 

How  did  you find/get involved in one?

How did it help you? or did it help you?

What are some things to reflect on before joining one?

What advice would you give to someone seeking this type of group? 

What kind of cap rates and yr1 ROI (based on 20% down payment) are you ascertaining from your analysis? Are you considering YOY rental growth in your projections?

Some markets are appreciation markets and deals won't necessarily cash flow in year one. Low caps or or near break even cash flow is common in hot real estate markets/big  cities especially if you are looking for something turnkey. You have to decide for yourself if that is the right market to be in or the right strategy for you. As some one else on this post alluded to, you can always try looking in the outskirts or secondary locations near (or away from) hot markets if the demand drivers are there. Thats where you can get long term upside but may not have to pay a premium to acquire the property. 

There are a lot of good "rules thumb" to reference when doing your analysis and deciding whether to make an offer. If you think your analysis is off try run it through the Bigger Pockets rental calculator and compare it to your model. You get a few free test runs if you aren't a pro member. Also read The Multifamily Millionaire by Brandon Turner. It's a great starting guide to evaluating and choosing small multifamily properties. Chapter 8 is dedicated the financial analysis. Lastly try connect with local real estate groups and ask local investors what they are seeing in your target market and see if that aligns with your analysis. 

Happy Hunting!

Hi Everyone, I'm new to the forum but have been listening to the podcasts for awhile. I'm just starting out building my portfolio. I have an SFR and a condo, both rented, my goal is get into multiplexes next. My professional background is in commercial real estate lending. I've been in commercial real estate lending for about 7 years so I suppose I'm not new to real estate however owing residential/small multifamily is a relatively new venture for me. I'm looking to network and connect with more people in the Phoenix  market ie: property managers, investors, agents, wholesalers etc. I'd really love to attend some events if there are any. 

If anyone is interested in discussing some deals or just chatting about real estate drop me a line! Looking forward to meeting some of you folks!