All Forum Posts by: Avtandil G.

@Cecile Poyet - there are a couple of great posts by Wes Blackwell here that describe neighborhoods very well. Generally speaking, your NOI will depend on many things, like number of units, whether you absorb utilities or tenants pay for them, etc. With recent run up in prices in Sac area, you can find low 5% caps on smaller properties like 5 to 10 units. But many are actually closer to 4% caps once you take into consideration deferred maintenance that most also accumulated. A grade neighborhoods will generally have lower cap, D neighborhoods will have something closer to 6%

$75/mo flat, $75 for renewals, $500 for new tenant placement

hey folks

i'm looking at a couple of units in LR and surrounding areas that have foundation issues. Can anyone recommend a solid structural engineer in the area? 

Cheers

-A

surprisingly quiet here - no brokers / agents, PMs around the forum? ;P

+1 to what @Mike Reynolds is suggesting - project management needs to reflect performance-based structure in contracts

@James Wise - thanks for the pointer to Cleveland guide - very interesting. Although, this is Little Rock, AR forum, so not sure how much we should be hijacking the thread and discussing Cleveland OH ;)

PM me - would love to connect. I have property in Columbus and trying to expand there. Don't know much about Cleveland, but always eager to learn

@Hadar Orkibi - buying criteria will vary depending on the property class. for stable A / B anything over 8% cap. for value-add, really depends on what the deal looks like - can do much lower cap if there's a significant upside. generally would look at smaller MFRs as well, but those are harder to add value to

MLS for LR as well as LoopNet don't seem to have much pickings, I wonder why? I'm planning to ping a few commercial brokers from LoopNet, but there does not seem to be many choices for duplexes - fourplexes either. very strange

@Mark Shuter - I go direct to American Modern for anything under 4. they do not do commercial but for residential they are the best

@Hadar Orkibi - thanks - would appreciate a connection to PMs.

generally, I'm interested in small to mid-size MFRs, something in 10 to 20 units. stable and value add, but not interested in turnkey SFRs

@Hadar Orkibi - as mentioned, really looking to network and build relationships with local pros. Would love to find a strong property manager and a broker with experience in MFRs (in particular) and a broker dealing with out-of-state investors

appreciate your help!