All Forum Posts by: Bram Spiero

Go look at the BP sheet and reconstruct it yourself. You'll learn much better if you understand how things are calculated and what they really represent.

so why would you buy into a deal where you know you've got a boat load of deferred maintenance and a condo association afraid to tell it's members bad news?

I put down Laminate. Check with your supplier.

Looks like you're enjoying what you paid for, meaning that A class properties are often so hands off to hold.

With the same money you could hold 10 nice, B class single family homes, spinning off 200-300 CF each. Your risk would be spread out more but you'd be making only a little more and have more work to do. 

What's stopping you from continuing to buy up more condos until you have enough to live off?

walk. a. way.

If they're not providing the required information, they're hiding something in the hope that you fall in love with the deal.

Hey there @Christopher Cadenhead

You need to start doing the ground work. Pick a place you like in Georgia and then go on Zillow and analyze every single house for sale. If you don't have an analysis sheet, there's a decent one here on BP.

Looking at the inventory of a town will teach you both about the town and will help you figure out what you want.

You'll learn about what average houses cost, what the market rent is, what the rent ratio is like in different neighborhoods. You may very likely conclude that you don't like a particular town as a place to invest in after having looked at 600 houses there but at the very least you'll know what you don't like and adjust when you look at your next market.

Write down what you think you want and what you think you know and then go look at 5,000 properties online and revisit what you thought.

Best of luck to you.

Bram

This is what I'm getting:

Run scenarios through your analysis. Make some assumptions about the CF you would create with the new properties you would acquire when pulling out the money through refi. Then check what that looks like if interest rates double in three years. Does it still make sense?

You can always sell the properties if interest rates make it unprofitable for you in the future.

depends on the lender. Call a bunch and ask them.

Have you analyzed the deal to establish how you would make money on it? Have you looked at the sales history and seen how much it's been listed for or sold for in the past?

I would suggest establishing under what circumstances, if they exist, that these properties would be worth your while.

Also, what have you got to loose by having a look? Especially if you're new, exposure will only help you get better.