All Forum Posts by: Leonid Sapronov
Leonid Sapronov has started 23 posts and replied 140 times.
Post: Absolutely Turn key condition. Paint isn't even needed. Property in a great homeowner block in Baltimore MD

- Investor
- Laurel, MD
- Posts 149
- Votes 33
If it's turnkey, why does it need a 10-15k rehab?
What can it rent for?
Also, the pictures aren't working.
Post: BRRR-ito

- Investor
- Laurel, MD
- Posts 149
- Votes 33
Haha, that's awesome! I totally would have thought the same thing. Brandon should sue Ben&Jerry's for stealing his buzzword.
Post: New investor from Austin, Tx

- Investor
- Laurel, MD
- Posts 149
- Votes 33
Welcome! It's awesome that you've started birddogging - never done it myself, but I'm sure it'll be a great learning experience. You are already ahead of 95% of people who never take that first step. And don't look at your shyness as a handicap - it's an asset. Think of it as the opposite of pushy, obnoxious and loud :-) I'm sure you'll find it easier to talk to people once you put a few deals under your belt.
Post: What do Brandon Turner, Josh Dorkin, Ali Boone, Engelo Rumora, and Matt Faircloth have in common? International speaking experience..

- Investor
- Laurel, MD
- Posts 149
- Votes 33
What a great story - I think it's awesome that in the process of taking that first step towards investing in real estate, you created this whole local community of investors and used the infinite wisdom of BiggerPockets gurus (in the good sense of the word) to learn and take action.
I bow down before your drive and enthusiasm :-)
Post: ROI on a New Note

- Investor
- Laurel, MD
- Posts 149
- Votes 33
@Lauren Sinz I believe I know where your miscalculation lies. 12% applies to the principal owed. As the principal gets paid down, the amount of interest payments you collect also decreases. So while you will collect close to 12% of $36,000 your first year (around 11.7%), the second year you will collect less because at the beginning of the second year your debtor now only owes about $30,000. And so on.
So you are right in your average annual ROI calculations - it's only 6.7% compared to the 12% rate on the note. However, your total ROI over the lifetime of the note is 33.5%.
@Arlan Potter - beautiful!
@Ryan Dossey - awesome story
@Linda Weygant - I almost got one! Ended up with an '87 Interceptor instead.
Originally posted by @Adam Drummond:
Be Jealous everyone. Honestly though... If I lived like everyone else, and bought the big toys i actually wanted, I wouldn't have been able to get into real estate investing. Through investing you too can own a small 15 year old jon boat with a 2 stroke motor. :)
So what this tells us is we can define three groups of people:
1) Those who buy toys first and never have money to invest
2) Those who invest, but haven't yet made enough to buy the toys
3) Those who've arrived and can finally buy all the toys afters years of pain and sacrifice
Sounds like you are well on your way to #3 ;-)
Originally posted by @Ryan Rupnarain:
This was my toy I sold to add to the REI fund. It appreciated and continues to do so. Had her for two years. I can't buy one back for what I paid for this one but I could scratch it off my dream car bucket list.
Love it. One of my favorite sports cars of all time. Looks like you did some tweaks to it?
@Jeff Brower - that's what I'm talking about, nice boat!
Post: New multifamily investor in Fort Wayne, Indiana

- Investor
- Laurel, MD
- Posts 149
- Votes 33
Change is good! Don't really have any advice, as I haven't done multifamily, but depending on your living situation, you might want to try being an owner occupant or a live-in manager. And hopefully you've made some connections here that will allow you to find a bank to finance your next property.