All Forum Posts by: Alison Ostendorf

@Aemon Gariety first time home buyer low down payment loan

Hi everybody. I'm wondering....What is the hardest part of finding good deals for your specific portfolio? What has kept you from expanding? What are the bottlenecks in your process?

(I'm building a solution to my bottlenecks, and am wondering if they're yours too.)

Thanks for your feedback. The more descriptive you are of your challenge, the better.

All of you that have actually worked in NYC and have gone through any "works anywhere" training program know that NYC is a very specialized market and things are just done differently here.

I would like to know what you all consider the best way to come up with a current value and after repair value for a multifamily property IN NYC specifically.  Comps?  A cap rate?  If a cap rate, a cap rate based on what exactly?

Please indicate your experience in the NYC market in your answers.  THANK YOU.

Hi, I am a private money broker and work with over 400 lenders nation-wide to get you a good deal for rehab funds. Email me at [email protected]

Address:

150 Edmund St, Flint MI 48505

I am the owner.

Purchase price: 9k

2 bed 1 bath

lot size: 4680

finished square feet: 1632

Rehab: between 10 and 11k, already set up by property management team. They estimated a week to do the repairs when I called them.

My comp software estimates ARV to be 25k. I can show you this paperwork if you like.

Estimated rent roll: $416/month. I was estimate higher at $450/month.

Annual taxes:$307.89

No HOA or anything like that.

It is next to a church so the property has been relatively watched over by them, compared to other properties in the area. They were mowing the lawn for a while.

Single family

built 1929.

Management team would take 10% of each collected rent.

Annual income: 4,684.11

Cap rate: 23%

OFF MARKET TELL YOUR INVESTORS 3 Family Brownstone Townhouse on Malcolm X Blvd, Bedford Stuyvesant- Brooklyn

Have an investor that wants to take on a new project?

Offered at $900k Bed Stuy

109 Malcolm X Blvd, Brooklyn, NY 11221

3 Family Townhouse, needs renovation

109 Malcolm X Blvd, Brooklyn, NY 11221

taxes: $2,048.56/year

Building Size: 20x40 [3 floors + cellar]

Lot Size: 20x85

Delivered vacant

No rent control or rent stabilization

Heat is currently oil

Details: Brownstone facade in good condition, 10ft French entry doors, 5 fire marble place mantels, main staircase from 1st floor to 3rd floor, front hall mirror, wainscoting wood panels, pocket doors, wooden window shutters, built in closets/dressers, & more.

Newly renovated Arizona turn key property:

single family home

sun city, arizona

2 bed 1 bath

85k cash asking price, currently listed on market for 96k

FMV around 96k to 105k

estimated rent/month: $ 875

annual taxes: $ 544.98

annual HOA fees: $ 456

walk in with about 15k equity

vacant now

available by realtor appointment