All Forum Posts by: Anthony Angotti

I am looking for some advice and have some accounting questions, I am starting my LLC for REI and could use some help clarifying some stuff up.

I’m 20 years old and live in Arizona but I was looking at a cheaper markets to invest in like Memphis Tennessee. I’m seeking advice on should I try to get a primary residence here in Az or a rental property in a cheaper market? I have about 15k to invest

For me, the cap rate is not something I "look for" but is instead something I base my valuation on. I try to buy at or around a 10 CAP on existing 12 month trailing NOI but that rarely holds up on the properties we look at. They are so poorly performing that CAP rate falls apart....I then use what I know of the market and industry and make a best guess on a projected liquidation cap rate once I stabilize the property. Right now, we are selling properties in the 7.5 to 8 range in small tertiary markets which is clearly very good! Generally speaking 8-9 is more in line with how these properties would be valued historically. With all that we are improving the income/cash flow by turning the property around and also creating compounding equity by compressing the cap rate between purchase and sale!

Does anyone have someone they'd recommend to install a radiant floor heating system?  This would be to heat the entire building (not just bathroom or kitchen.). There is an existing boiler in the building that produces more than enough BTU's to heat the building.  I just need someone who is skilled at installing the floors themselves.

Thanks

Hello BP we are all on here because we take pride in our properties and doing everything we can do to be great landlords. Everyone always says oh your a slumlord, and I really don't like that and actually kinda take offense. My question is how do you deal with this? What is your response when someone calls you a slumlord?

Hi Everyone! 

I'm excited to be here. I purchased a few properties with a business partner in the Beaver County area. I'm hoping to see if there's anyone that would be interested to talk about the market in Pittsburgh, any tips or tricks for the markets, and general rental dynamics in the area.

We purchased the properties at tax auction, have rehabbed a couple of them and were planning on leveraging the properties we do have to begin to expand our portfolio probably in 2Q of 2021. 

Looking forward to speaking with you all!

We are updating the laundry room in our 60 unit complex and plan to buy new commercial washers and dryers. The laundry room is a separate, key card access-secure building at the center of 6 garden-style apartment buildings.  Is a card system worth the money? (We were quoted $20,000 for setup.)  Is there a reliable phone app for our tenants that anyone has experience with?  We would like to move away from coins to minimize risk for our property managers.  Thanks in advance for your knowledge and expertise.  

It also will help enforce overoccupancy. The city does not allow more than 3 unrelated people to live in a single family house, but there's basically no way to enforce it right now. I also think that it will hold bad landlords accountable in terms of building maintenance.  

Ahh this is very helpful. Thank you both!! The residential permit program seems so far reaching, it has me wondering if anything similar has been put into place in other rust belt towns, and how it panned out. I couldn’t imagine how some of these old buildings would fair.

Hello everyone, 

I was wondering how I can conduct research on cities to find out the cashflow in any given city. Do I just analyze the properties in a city or is there a better way to conduct this research?

Thanks to all that reply to this post!