[Calc Review] Help me analyze this deal north newark nj

[Evelyn Santiago]

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[Alexander Wardell]

@Evelyn Santiago Thanks for posting. I grew up in NJ and man my jaw dropped when I saw the taxes you are paying. I'm glad I missed out on that in my adult years. Anyways I have a couple suggestions, but I'm a newbie so take that for what it is worth. Your vacancy, CapEx, and Repairs are extremely low. With a 2% vacancy you are confident that you will keep every unit occupied for 4 years before a tenant turnover every time. If that is what you truly beleive will happen then go for it, but I would put at least 5%. I would also put 5% for repairs and CapEx. You have the cash flow to play with if all the other numbers hold true. I would also start your negotiations a little lower to try and buy with a little more equity. Good luck!