22 August 2013 | 18 replies
So it boils down to confidence in my analysis and domain knowledge.7) Rationally, math is math and unless I made a horrible mistake in one or more assumptions, the numbers do not lie. 8) In my current analysis/screening of properties/deals I am looking for a) positive cashflow;b) operating expense ratio <50%; c) debt coverage >=1.5;d) PE <3;e) Cash-on-Cash of 10-12+;f) BER <=75 (80 at the max)g) I tend not to be driven terribly by the CAP rate if the cash-on-cash is good - in the local market it is extremely rare to find a multi-unit with a CAP >7.5 to 9In our analysis we use an opportunity cost of 8%; a maintenance & CAPX set aside of 10%; and assume a vacancy rate of 8.33% (1 month in 12) ... we try to be conservative9) I do realise that while the above ratios have been fine for us, they may not be sufficient for a potential private money financier.
1 May 2013 | 9 replies
Through the research I've been doing and blog posts and podcast from BP (especially the one with Jay Scott) I've decided that getting my real estate license would be an excellent first step for me, as A) I can continue to save while I'm taking the course for capital and B) give me more understanding of the real estate game from a different angle.Question I'm coming up with is this, is it worth taking a in class course or would the online version by long & foster be sufficient?
15 May 2012 | 6 replies
Ask your attorney to give the specific statute to which he/she is referring. a.
10 February 2011 | 4 replies
Executive SummaryApanou Management, LLC was created by two self-driven business partners that saw the potential in the current Real Estate market and would like to make a difference as well.
14 March 2011 | 12 replies
I see a return to slow, inflation-driven price appreciation.
25 November 2012 | 16 replies
While I think its quite dumb to be buying a house for that much your first time (especially in the bubble that is DC), but banks will do it for those guys, why would they look at a profit-driven investor of the same age and think its a higher risk?
25 April 2017 | 21 replies
I love doing what I do, and I would not trade places with anyone, nor trade my life experiences for anyone else’s.I am driven by the belief that life is short, and we need to ‘make a difference’ in the short time that we’re here, because after all is said and done, it’s really not about ‘us.’I am a Real Estate Investor.
19 November 2022 | 14 replies
Only a handful of wholesalers will survive this summer, with the market so heavy with newbie's and the educated public only the most driven will stick around.
27 April 2018 | 27 replies
For me a bad attitude is enough to turn down a tenant, but hopefully you can find something else during the application process to refer to when declining his offerBeing an A$$ is not a protected class.
11 May 2017 | 28 replies
I have driven all over and built a list, now I am now working on building a very targeted direct mail campaign.Any help would be greatly appreciated here.Max