REI Investment Consultation

[Alexander Stag]

Hello, I'm Alexander

To start off, I'm currently a realtor in south Louisiana. I've been doing it for about a year now, but before that I've been doing property analysis for the past 3 years. I've pretty much gotten to the point where I'm able to calculate how much money should be saved for R&M, success rate for each property, and what the property generates long-term.

Over the 3 years, I have a spreadsheet that has 40+ properties (most have sold though). Now most properties are in Louisiana, but I can pretty much do any property. I've also been able to calculate properties for Section 8.

If anyone is looking to find information about properties or want me to calculate some, please feel free to reach out. I'd be happy to help.

[Alexander Stag]

Quote from @Braden Smith:

Quote from @Alexander Stag:

Hello Mr. Leonard, I have not personally used the BP calculators, but I have seen the reports from them. Yes, my calculations are similar to the BP calculators but what I do different is I calculate the cap rate and NOI based on what they are currently renting for, and I compare it to what it can be renting for at the max. Those numbers I get for what it could be rented for is based on market reports in the area. I also calculate rental increases and break-even points, and I can do that for 5, 10, 30+ years.

Below I'm going to attach a quick calculation for an 8-plex that sold on 12/30/2024 in New Orleans. If there's a property you're looking at or want any information on, just send me the address and I can calculate anything you'd like. I can also calculate what a reasonable offer price should be. 

 Are you including capex, vacancy rate, repairs, and maintenance in your operating expenses?

 For the example that I gave I did not, but for other properties I look at the property disclosure form to get an idea on the condition on some of the big things like roof, plumbing, hvac, etc. and based on that I will calculate capex. For vacancy rate I try to shoot for the average in the area, I believe for that particular property, the average vacancy rate was about 20%. For M&R I forgot to include it into this particular property, but normally I would do $2 per square feet of the property to determine the yearly reserve to set aside for any issues/emergencies that would come up.