All Forum Posts by: Anthony Dre

Do you plan to finance this or pay cash? Can rents be increased or are they at market? If you finance at 25% down, 25 year amortization and a 7% rate you will not cover mortgage and interest let alone insurance, taxes, vacancy, repair, etc. You may find in this environment you will be asked for 30%, 20 year, higher rate, which makes this deal look worse.

If you pay cash....quick napkin math assuming 50% of NOI for expenses that leaves you with ~$70k which is a 3% return. I doubt you would get even that. There WILL be expenses for a house that is almost 100 years old.

This may be a good deal, IDK, but quick math this is one I would pass and look for something that fits my needs better, but everyone is different.

thanks for your insight

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Quote from @Chris Seveney:

@Anthony Dre

When someone starts with “I am new to this” and then they provide little details and want to start in multifamily.

That is like getting in a plane versus a car and the pilot is like “I am new to this”…

Curious and do not want to sound mean - but what qualifies you to have the skill set to buy this type of asset ?

I’m definitely not qualified but I’m practicing. So I’m not really diving into buying something right this second but I figure if I meet agents or owners I hear and talk with the front line of people who are controlling these assets and go home game plan research until I feel the time is right. So am I qualified definitely not

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Hi all,

im new to this but im looking into this property and want to see what you guys think as an investment......would this be a good deal?

Aking Price : $2.3 million

Property TypeMultifamily

SubtypeApartment Building

Net Rentable (sq ft)13,400

Cap Rate6.11%

Pro-Forma Cap Rate 6.70%

NOI $140,615

Units17

Year Built1928

13 1Bed/1Bath And 4 2Bed/1Bath Units

in New Jersey

appreciate you thoughts

thanks

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Hi all, I’m new to this and have been researching and watching videos trying to I educate myself but I also want to see if anyone is willing to mentor at all. I’m looking into trying to find seller finance properties, looking for like 20 plus units. Thanks and any advice is helpful. You can DM me or post

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All Forum Posts by: Anthony Dre

Anthony Dre has started 2 posts and replied 4 times.

Post: let me know what some may think..... INVESTMENT

Post: let me know what some may think..... INVESTMENT

Post: let me know what some may think..... INVESTMENT

Post: New to to this…