All Forum Posts by: Trevor Bogus

 Thank you Lauren. I would love to connect, I sent you a DM. Thanks!

Hey BP Community,

My wife and I currently live in southwest Colorado and we are looking to invest out of state as investing for cash flow in our market has become quite difficult in a small, tourist driven mountain town. After a doing some market research on various cities, Indianapolis is the market we have decided on. 

We invest primarily in small multi family properties (under 4 units), focused on long term cash flow.

I would love to connect with investors, agents, wholesalers or anyone else passionate about real estate in the area. 

Looking for local insights, connections, and collaboration.

Experienced with multi family management and tenant relations on mid and long term rentals.
 
DM me or comment below and I'll shoot you a message. Look forward to connecting! 

@Doug P. thanks Doug, from everything I see, roughly 400k seems right. Appreciate your response! 

@Ken M. Thanks for the additional insight Ken

Hello, 

I am looking at a potential Sub2 deal and could use some help from the BP community.
Facts:

3 bed 3 bath listed at 410,000

Property is vacant currently as the owner had to move towns to attend to family needs. 

Mortgage balance 353,000

Monthly payment 4.125% (PI) ~ 1,700 per listing agent. 
Taxes - 105/month

Ins - 164/ month estimated

Projected rent 2400 (2,300-2,500 estimated)

With these figures, this would leave roughly 431 for w/s/T, repairs, capex, maintenance, and vacancy. The house was built in 2006 so I feel repairs will be low compared to average. 

How would you approach this deal? My thoughts are to offer to cover his realtors commissions and all closing costs and assume the loan. So I could essentially get into the property for 3% realtor commissions, closing costs, and my lawyers fees for the contract. 
If the for a traditional offer at 400k, assuming 10% for the seller to pay both realtor commissions and their closing costs the would net 7k out of the sale. 400K-40k-353K

How would YOU approach this deal?! Thanks in advance!

@Patrick Daniel I would love to connect and pick your brain on your experiences. I'll shoot you a PM.

@Andrew Postell Thanks Andrew, I appreciate it. I'll check it out. 

@Michael Hamby Unfortunately, I was unable to make it tonight, but I appreciate the the recommendation. I'll shoot you a PM. 

Hello! I am looking to connect with real estate agents and investors in Pensacola, FL. I would love to discuss experiences and the market with like minded individuals!

Cheers!

Hey Jake,

My partner and I bought a 4 plex in March that we have been house hacking. When analyzing the property we chose to include the mortgage insurance because that was going to be our actual payment each month. Plus we wanted to be conservative with our calculations, and not talk ourselves into something we couldn't handle. 

As far as your second question, I'm hopeful someone else will jump on this thread to answer it because I am curious as well. I'm guessing it would also depend on how much "sweat equity" you plan to put into it and rent increases you anticipate. 

Cheers!

Thanks for the reply Tyler. I will reach out to some lenders to see what could possible fit us. 

Have you had success with reaching out to owners directly? If so, what does that conversation look like?