All Forum Posts by: Anita Oakley

@Joel Owens 

 My goal is to get into a large building/s.  I have approximately $400,000-$600.000 to invest.  I want little to none deferred maintenance, high cap rate, stabilized building, decent area.  I'm not in a 10-31 so I can take my time.  Im not a wholesaler, flipper, rehabber, novice.  Investing in apartment buildings is how I have made my living for the last 25+ years.  I have an excellent team here in CA, but it does me no good in TX.  All that being said, my main objective for this particular investment is cash flow.  

I am a seasoned CA investor (not a wholesaler, not a flipper) looking to invest in apartments in the DFW area.  I need assistance from a reputable, competent agent/broker.  Can anyone make a recommendation? 

@Dan K. 

@Joshua Dorkin 

I agree with Dan

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@Joel Owens thanks so much for the clarification.  Even though I wasn't especially clear with my question, you knew what I meant!  As I have been researching this type of investment on BP, I have come across information that steers me away from these types of condos/townhouses that are sold in "packages" from the developer.  These posts have warned about the other properties in close proximity, and how pm's who may not be as attentive to their properties as I am can really allow the neighborhood to get run down.  I know that this would be the same scenario with an apartment building (my comfort zone) but if I'm concerned with resale value, who's going to want to buy in the middle of renters, especially if they have no pride of ownership etc.  Do you have any other insights about this type of thing?

Other than zip skinny, are there any other suggestions of how to evaluate a particular area of any given town?  I am looking at Dallas in particular (and all surrounding areas).  Since I am not familiar with the different neighborhoods, I am trying to get more info as to whether an area is in demand by tenants or undesirable because of criminal activity or in a run down part of town.  Any ideas and comments will be appreciated!

I have purchased multi family properties and SFR's. I am now considering purchasing several townhouses being offered as one investment as a package. From my understanding (which is certainly inexperienced with this particular type of investment) the loan would include all 15 townhouses, but I would be able to have separate deeds for each one so that I could sell off one at a time if I wanted to. This seems much more flexible as far as exit strategy goes. Can anyone add additional information that may help me to weigh out whether I should consider this option, or stay with multi units instead?

@Jeff Greenberg Can you explain how you formulated the NOI based on the figures provided (2.7 with a 5.5%cap)?

@Raymond B. 

Thanks so much for the tutorial!

@Jeff Greenberg can you explain how you formulated the NOI based on the figures provided (2.7 with a 5.5% cap)?