All Forum Posts by: Alaas Amour

@Drew Sygit

THANK you so much for the feedbakc

Based on the information provided, the seller’s reported expenses include annual electric, gas, water, sewer, real estate taxes, and insurance costs. However, it wasn’t clear if lawn care, snow removal, and ongoing maintenance costs are included, as they were initially listed as $0.

I’ll clarify with the seller exactly what’s included in their reported expenses to ensure we have a complete picture of recurring costs and any potential gaps.

the seller dropped the price from 798k to 645k. So I feel the seller wants to sell it so fast. 

Based on the number so , do you think this would be a good investment? It's in small town so there won't be huge appreciation 

we are planning to have tour next week. Is there anything I should ask or look for during our tour. Again thank you so much. 

Thank you for your feedback. I appreciate your thoroughness, though I want to clarify a few things. Firstly, regarding the location, I understand that exact location details can be helpful for some investors, but it's my personal preference to keep that information private for now. This doesn’t mean anything is “off”; it’s just how I prefer to approach this.

To address your other questions, the property listing states that it has a new roof, plumbing, and electrical systems, which I see as a significant plus. Additionally, the price was initially listed at $795,000 and is now down to $645,000. I realize that such a price drop might raise questions, and I’m curious about it myself. The cap rate around 8.5% (when the local average is 7-9%), I think this price point potentially strengthens the property’s cash flow appeal.

All units are rented on 12-month leases, and the seller reported annual expenses around $22,075. I do plan to verify these expenses and assess whether they include everything, like ongoing maintenance costs. I’m also looking into current market rent levels to see if there’s any room for rental upside.

I’m new to multifamily investing, so I’m here for constructive insights to help me approach this investment wisely. If you have any further advice, particularly on assessing due diligence with updated systems and recent price reductions, I would genuinely appreciate it.

I'm considering purchasing an 8-unit multifamily property in , PA, listed for $600,000. The property has 8 units . All units are currently leased, generating a monthly gross income of $7,200 ($900 per unit). The property is fully rented, close to University and a local hospital, which should support stable tenant demand. im willing to put 20% down payment, Im not sure about the costs that i should think of other than (management fee, vacancy, taxes, insurance , Maintainance) am i missing soething here (but Im saying 55 to 60% cost of the income). Im not sure what is the MF interest rate these days too.

I'm seeking feedback on:
1. The overall attractiveness of this investment. Is it sounds solid or nah. anything i should ask or look more details on

2. Any additional due diligence questions or red flags I should look out for. since its my first time to invest in multifamily

3. Exit strategy and appreciation potential in a market like , PA, which is a smaller town with modest appreciation.

4) is there any tools or metrics with average I can refer to to analyze this.

Would love to hear thoughts from anyone familiar with similar markets or multifamily investments.