All Forum Posts by: Yannik Cudjoe-Virgil

@Nate Gottesman I agree with the previous post. I would add that you should vet your mentor. Make sure that he is also committed to making you successful. Some "mentors" are just happy to put $ in their pockets and push their program. Hope this helps

@Rigo V. Duplexes are considered residential. Therefore it will most likely be valued by an appraiser on a sales comparison approach not an income approach for 5+ units. Ask your local appraiser.

I would compare it to SFH. People may be willing to pay a slightly higher premium because its an income generating property but your not going to be valued like a commercial building. no need to go back years for comps

@Ashok Sahu I have used Washington capital partners on a couple deals. They are a pretty solid lender. I am getting 9% on my loans

@Matt Altrich I think in general, it is great practice to vet your sponsors. You are absolutely right! Everyone wants to be a sponsor these days but few have the track record or the team to execute. I would continue to do some networking until they right team comes around

 Hey - if he is not from baltimore, i would recommend that he learns the market very well. I have a couple flips going on in Baltimore and It is a very block by block city! Let me know if I can help

@Mike M. It sounds like you may be interested in Baltimore since you are not too far. I am originally from there and Baltimore is typically a city you can see high cashflow. I would advise you strongly to learn the area as Baltimore is a very block by block city. But you can find 2-4 units that cashflow and a lower barrier to entry. 

Hope this helps

@Benjamin Meyer Great start! You are starting a very ripe age. Just about when I got started! This is a great resource here. I see you are from Baltimore as well. You should know the area well then. How many units are you looking for? Let me know if I can help!

Prospect now is a really good one for the info you are looking for

Hey - I would immerse myself in bigger pockets. Alot of my foundational knowledge about real estate investing has come from bigger pockets. As far as a specific course, I would recommend figuring out what your niche is and focusing on a specific strategy. There are many different ways to get into real estate and not being focused starting off can have all over the place and unfocused. Hope this helps

Hey Mark, 

I use upwork.com for VA's. In my experience from working with multiple VA's, you would have to train them to have the same eyes you do on what is a "good" deal.