All Forum Posts by: Terrence Williams

Hi Ladies and Gents.  Sorry that I will not be able to make it.  Had a client that scheduled to look at a few homes.  If I get done early enough ill slide by to introduce myself.  Was looking forward to meeting you guys.

Albert, I am looking to develop relationships with a few lenders for my deals.  I have had many years of successful flipping and I'm burnt out.  This will likely be my last year with the deals getting so skinny.  I'm going to focus on building my rental portfolio with apartment buildings and from here on out and slowly dumping all of my single family rentals. Getting familiar with running the numbers and recognizing deals is my homework for the week.  If anyone has a apartment building analyzer they could share that would be really helpful. 

I'm struggling with what to do with this and I'm hoping to get some input from some experienced investors. My goal for this year is to get out of flipping and focus on my rental portfolio. specifically apartment buildings. I need to put a strategic plan together to get going. I have a hand full of rental homes that I owe next to nothing on. The rents that I bring in from them is really really good. I could do a cash out refi to have quite a bit for a dp on a 2 to 3M apartment building but the. I would be making next to nothing on rental where it would seem worth the headache. Selling a few and doing a 1031 was another idea I thought of. Has anyone been down this road that could shed some knowledge on the transition? I feel like my passive income would be much great with the apartment buildings and much easier to manage than the rental homes.

I have been currently investing in rentals in the Tacoma area for the last 20 years and flipping full time for the last 8.  Set some high goals for myself this year to jump into the commercial world.  Been spending time researching how everything works so I understand how to spot deals when I see them.  Want to start playing around with a few property details to determine if they are deals I want to go after.  Not to great with creating spreadsheets so I was wondering if there is a good deal analyzer out there that I you guys have used that you can recommend I start using.  Free or paid.   Im ready to get out of my comfort zone but I want to go in with some education.  Im ready to start looking out of state as well if number look better.  Who do you know that I need to reach out to in other states??