All Forum Posts by: Wesley Bryant

What's a realistic IRR to expect on a long term rental in the current market? I found a house in Atlanta that comes out to an IRR around 11% when I run the numbers, is that good or should I look for better? That's with 20% down, a 7.5% interest, and assumes I own it for at least 15 years. Any advice is much appreciated. Thanks!

I'm new to real estate investing and was curious what kind of IRRs are realistic to find in the current market? Since the S&P 500 averages around 10% annually I personally don't see a point in investing in a rental that's not going to at least beat that. I found a house that comes out to an IRR of 11-12% when I run the numbers. That's with 20% down and a 7.5% interest rate. It may also be worth noting that this house is over 100 years old(but recently renovated) and in a lower income/higher crime part of Atlanta. Although it appears to be in the process of being gentrified with home prices in that area increasing 72% over the last 5 years. I've heard people talk about getting an IRR around 20% but I'm not sure if that's an outdated target and not as realistic as it may have been in the past? Is 11%-12% a good IRR or should I keep looking for better? Any advice is much appreciated. Thanks!

What are the main advantages of paid subscriptions like Propstream and Batchleads over free ones like Propwire. It seems like Propwire does the same thing but for free but am I missing something? TIA

I found an off market 11 unit apartment complex. They want 1.5 million for it (I think I can get it for less) and the total rent is just over 14K a month. It's new construction but several leases have already been signed with the first tenants are set to move in next month. This would be my first multifamily deal so I was curious how much I would need to put down and what kind of rate/terms I could expect? When I did some online research I was getting a lot of conflicting information. 

TIA!