How much will this Single Family Rental rent for?
Getting the rent number right is one of the most important parts of underwriting.
And, this is what most investors struggle to do when learning a new market.
@girdley The thumbnails of your companies aren’t related to the subsection they are under. I’d love under your “about me” and list that these are companies in your HoldCo.
@SeanODowd15 I watched about half of the video. First thought, he is trying to take over all aspects of real estate, at scale, via tech. SF, MF, long-term rental, short-term, etc. Sofware play.....He also leverages his experience buying 200 houses as credibility
I hope this was helpful in seeing my process of underwriting a SFR. This is a base hit that cashflows in this strange market we are in.
Let me know what I missed & what questions you have.
Follow me @GrayHall for more single-family rental content.
What do single-family rental deals look like in the current environment w/ interest rates up?
The past few years investors have flocked to Birmingham for cash flowing rentals in a landlord friendly state.
Let's dig in and analyze a SFR 🧵
Questions I would ask:
Can you find a turnkey property for similar yield w/out the work of rehab?
Could I find a B class homes w/ similar returns?
Do I want to own this home for 10 years?
Will home have shot at appreciation based on location/market?