Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

Account Closed
  • New Hampton, NY
5
Votes |
10
Posts

[Calc Review] Help me analyze this deal

Account Closed
  • New Hampton, NY
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

     Hello Bigger Pockets nation! I found this property while doing research and I find it very intriguing, but unfortunately it is also confusing as heck for me. I have never owned anything like this property and all the variables are defeating my brain. There are 16 studios, 3 retail spaces, a laundromat, and a parking lot. According to Rentometer a 1BR in this area rents for 750 so for my analysis I made all the studios 700. I made the laundromat and the retail spaces 1200 each. The property tax information is reliable as I contacted the town clerk. I have no idea what a water bill would look like for this, nor what the liability insurance policy payment would be. I suppose my question is to all of you out there who own large building and complexes out there, how do you properly analyze something like this? What are the extra costs and considerations that are not present when looking at a simple 1-4 unit house? And how do you wrap your mind around all of this stuff to get a realistic picture of what the cash flow would be like? 

     This will probably be little more than an exercise because I would have to leverage myself to the max in order to lay a hand on this, unless I had a partner. That being said, if all the numbers were good I might just be dumb enough to go for it. Thanks all!

Loading replies...