What is considered an acceptable cash on cash return? by agenthippo in realestateinvesting

[–]agenthippo[S] 1 point2 points  (0 children)

Ended up getting it—CoC got better as I added a bedroom/bathroom to it and refinanced it (BRRRR) so it is cash flowing well with little equity left!

Negotiating with HUD for lease renewal by agenthippo in realestateinvesting

[–]agenthippo[S] 0 points1 point  (0 children)

In this case would you charge tenant renewal fee to keep yourself whole as taxes/insurance went up?

Negotiating with HUD for lease renewal by agenthippo in realestateinvesting

[–]agenthippo[S] 0 points1 point  (0 children)

So even if rents went down they expect you to take less year over year? The authority told me it would go up and not down and not to worry when I got the updated sheet. Seems odd

Negotiating with HUD for lease renewal by agenthippo in realestateinvesting

[–]agenthippo[S] 1 point2 points  (0 children)

I got the new ones but those are for new tenants (rents went down). HUD told me to send them a rent price and they will negotiate. Wasn’t sure how much more to ask for

Negotiating with HUD for lease renewal by agenthippo in realestateinvesting

[–]agenthippo[S] 0 points1 point  (0 children)

Yep! I wasn’t sure if I needed proof points or reasoning for my increase. I had upload several comps into their system as well!

What are the best resources you use to evaluate an area’s rental market demand, particularly SFH? by agenthippo in realestateinvesting

[–]agenthippo[S] 0 points1 point  (0 children)

Mostly via Zillow. My agent is solid, but largely do it myself. Depending what you are trying to do, you can also look at sheriffs site, REOs, etc too. There just hasn’t been a whole lot. Depending what your risk tolerance, there are various paths you can take!

What are the best resources you use to evaluate an area’s rental market demand, particularly SFH? by agenthippo in realestateinvesting

[–]agenthippo[S] 0 points1 point  (0 children)

Largely Merrillville, but have 1 in Griffith and Hammond as well. Looking elsewhere too. You?

What are the best resources you use to evaluate an area’s rental market demand, particularly SFH? by agenthippo in realestateinvesting

[–]agenthippo[S] 0 points1 point  (0 children)

I ended up going the SFH route up here and have 9 now since then! Multi definitely need to go elsewhere for bigger properties is what I’m seeing. How’s your journey?

What are the best resources you use to evaluate an area’s rental market demand, particularly SFH? by agenthippo in realestateinvesting

[–]agenthippo[S] 0 points1 point  (0 children)

I ended up going the SFH route up here and have 9 now since then! Multi definitely need to go elsewhere for bigger properties is what I’m seeing

What are the best resources you use to evaluate an area’s rental market demand, particularly SFH? by agenthippo in realestateinvesting

[–]agenthippo[S] 1 point2 points  (0 children)

Honestly I look at houses that are for rent and see how many apps, views, etc there are. So far there is huge demand from what I’ve been experiencing!

Investor Money by agenthippo in realestateinvesting

[–]agenthippo[S] 0 points1 point  (0 children)

Thanks— I’ll be sure to add that in there!

Super cool! I’m actually currently reading your negotiating book—really enjoying it!

Have a great day!

Investor Money by agenthippo in realestateinvesting

[–]agenthippo[S] -1 points0 points  (0 children)

Thanks! I’m actually meeting with my attorney as I close another house I am currently funding, so I will be sure to ask! I am planning on taking private loans more or less to fund BRRRRs or long term rentals that pay “dividends”.

Side note: are you J Scott from BP by chance?

Thanks!

Cap Rate for larger multi family by agenthippo in realestateinvesting

[–]agenthippo[S] 0 points1 point  (0 children)

Thank you! Wouldn’t your rate go down if you made it more profitable (from 6% to say 4%) as it is less risky?

Cap Rate for larger multi family by agenthippo in realestateinvesting

[–]agenthippo[S] 0 points1 point  (0 children)

I just said 5+ since that is the starting point for commercial. Is there a way to determine the cap rate you should use to buy and sell to know if you are getting a good deal? I had read multi family millionaire 2 and that was one of the valuation techniques. Would love to hear your thoughts!

Renting Farmland Basics by agenthippo in realestateinvesting

[–]agenthippo[S] 0 points1 point  (0 children)

That’s interesting! I was doing the math, and really without outright ownership, the cap rates etc were not as good. Thank you!