All Forum Posts by: Tony Nguyen

Hey guys,

I am sure marketing has many variables to consider to determine if it's effective or not, but do any of you see results from these letters? If so, what kind of letters are you sending?

Also, anyone used DAVE LINDAHL's letters yet? I bought his muti family package and its got some good letters in there, but want to see if anyones used them yet with success (or failure!). Would love to hear your thoughts - thanks!

:D

it would be a B/C property btw...

Joel and Jon - do you guys both agree that when analyzing, I should always calculate 50% towards operating expense and then whatever is left of that, I take away for debt service = cash flow?

Jon - that's a great tip thank you.

Joel - that's a great quickie to remember. i will review your writing a few more times and note to use it while evaluating. If you got more, bring it on :)

thank you both very much.

Hey guys,

I'm reviewing apartment complexes left and right looking to pick up my first one in the next 60-90 days and was curious to know what rules of thumb other folks on BP use to filter properties effectively?

Any input is appreciated - thanks!

Thank you for everyones advice!

J,

That's a great idea as well.

James,

Wow, that's a great plan you have there. It did cross my mind that I could use half or a little less of my current money in order to buy an apartment to help my long term goal and use whats left to continue to rehab and build my capital back up again, but I guess what bothered me is the fact that so much of my money is going to be tied up. I guess this process is just the nature of the beast?

Bryan,

My end goal is to have rehabbing as a side business, if it comes then great sort of thing and to be fully vested with apartments. I've studied apartments for the past seven years since I was a teenager and it's all I want to do. I am only rehabbing now in order to build the cash foundation I need in order to start buying apartments. The tough part I didn't think about before was the transitioning period that I am trying to take now.

Hey guys,

I am at a fork in the road and am not sure which way to go. Let's assume I have 200k to rehab houses. I want to buy an apartment that will require 100k down and the rest financed. If I do that, 50% of my rehab money is gone because I am holding an apartment.

If I DON'T buy the apartment, yes, I'll still be able to rehab many houses w/ the 200k, but then I don't have a long term plan in place ie: the apartment.

I was curious to know how you guys draw the line in your play book in order to do both; rehab + buy to hold. Any advice would be appreciated thanks!