tag:blogger.com,1999:blog-7800674.post116967435571725390..comments2023-06-22T05:23:55.920-07:00Comments on Shaun's Real Estate Adventures: Next Property On The Way (Hopefully)Shaunhttp://www.blogger.com/profile/05654897560778650994noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7800674.post-47725134038304103402007-01-29T12:16:00.000-07:002007-01-29T12:16:00.000-07:00Nope, just like to read what is out there and add ...Nope, just like to read what is out there and add my comments when it might be relevant!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7800674.post-76489881740228990652007-01-26T16:22:00.000-07:002007-01-26T16:22:00.000-07:00doug O, you got a blog?doug O, you got a blog?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7800674.post-1169824512427900202007-01-26T08:15:00.000-07:002007-01-26T08:15:00.000-07:00" Anonymous said... doug o; 112 unit property? ..." Anonymous said...<BR/><BR/> doug o; 112 unit property? thats huge. "<BR/><BR/>As long as you're not afraid to invest in areas that are considered class C properties, and have good, aggressive management, you can pick up some incredible values. In certain metro areas, you can find decent C class properties with 100 or more units for under $1.5mm . Class C properties always tend to cash flow better than most others, due to the perceived risk of investing in areas that not everyone wants to be involved in. It's good for those who are not afraid, since you can hit cap rates upwards of 15%!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7800674.post-1169733376560865182007-01-25T06:56:00.000-07:002007-01-25T06:56:00.000-07:00Jim - I tend to look at it both ways. I want at le...Jim - I tend to look at it both ways. I want at least 12% ROI because I know I can get that in other investments, so this would have to be as good or better than those. I also am looking for at least $100/month cashflow. That's just a number I picked out of the air which represents how much I think my time is worth. I'll need to be tracking expenses and stuff, which will take time. I want to make sure the effort I put in has a decent payoff.<BR/><BR/>Anon - all the details are yet to be worked out, but I do have a PM I trust and who has intimate knowledge of the property.Shaunhttps://www.blogger.com/profile/05654897560778650994noreply@blogger.comtag:blogger.com,1999:blog-7800674.post-1169678324875092362007-01-24T15:38:00.000-07:002007-01-24T15:38:00.000-07:00doug o; 112 unit property? thats huge.doug o; 112 unit property? thats huge.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7800674.post-1169678158100327582007-01-24T15:35:00.000-07:002007-01-24T15:35:00.000-07:00shaun;Being that the house is in a different state...shaun;<BR/><BR/>Being that the house is in a different state how did you go about choosing your pm. I would be nervous about reliability and trustworthyness. And how will it be set up with the bills? Is the pm going to handle every thing and send you a statement?<BR/><BR/><BR/>Just curiousAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7800674.post-1169678037729951892007-01-24T15:33:00.000-07:002007-01-24T15:33:00.000-07:00How positive does the cashflow on a property have ...How positive does the cashflow on a property have to be (%age wise on the carrying costs) for you to consider it? Or do you not think in those terms?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7800674.post-1169675951843528662007-01-24T14:59:00.000-07:002007-01-24T14:59:00.000-07:00Shaun - good to hear you are looking outside your ...Shaun - good to hear you are looking outside your local area. I can tell you that was the best thing I ever did. I started searching in metro areas that were 1000 miles away from my home. What I discovered was the return I could net from some of those was far better than what I was getting locally. It took several months to locate a good manager with great local contacts for maintenance and repairs, but now everything is running very smoothly. <BR/>And I was able to purchase a 112 unit property for about the same price that a 10 unit costs me locally, so there's always that...Anonymousnoreply@blogger.com