All Forum Posts by: Ben Fernandez

You can use a VA service (or skip tracer) to provide owner's name, mailing address and phone number. Or you can use public records to get the name and mailing address of the owner.

Each opportunity should be considered a potential deal until ruled out based upon your findings. Public records is your friend. You can find out much of what is now unknown, including your tax lien concern.

Pursue a line of credit on the equity you have on the property. That way when you find an investment that cash flows, you write the check.

The most important part is making sure it cash flows. That way the loan pays for itself and then some. 

You also get to keep your asset and achieve the appreciation and loan pay down.

Let me know if you need any recommendations for tools to use to help make your shopping more efficient and for conducting the cash flow analysis. 

Tax auctions. Feel free to connect. I own a consulting firm that has a preparation service.

...spend half buying performing multifamily and the other half buying value-add multifamily (fast and slow churn).

Give me a call when you can. (717)945-7040. I have several of those right now. Central PA is a great market. I'm a licensed realtor with 18 years experience in several investment strategies.

Since that is a basement, you might consider epoxy. It could really give you a great look, it is highly durable and you should not need to tear out the ceramic. 

With the insert, maybe you add shelves. I recommend you look up its original use first and then brainstorm from there. It's something you will need to be creative with. But maybe you get an outlet placed accordingly and it could be a place for a wall anchored television. If not, you can gut it and have drywall added there so the wall is flush.

You can use census.gov or city-data.com

You might want to hire a virtual assistant to complete the data entry for you.

This a good article to help guide you in what you want to look for and where to find it. https://investingte.com/an-easy-way-to-find-trending-locatio...

Do it! You likely deserve more credit then you're giving yourself.

With things being unfamiliar, they seem more difficult than they are.

You will need to base your decisions on forward projections like the ARV, rent rates and renovation costs. Those being the most important. But you can get help with that.

A good real estate professional and a GC is all you need. Let's go Olivia!

- Depends on the ARV after value-add and your expectations for this asset.
- Cash flow is too low.
- Not a good return on your cash invested.

I'll take it that you aren't re-leveraging after the value-add...?

Your all-in is about $140k ($40k for closing, $90k for reno and about $10k for holding - 6 months reno and then occupied)... Ballpark numbers...

At the current income and expenses, cash flow is $81/mo.

- Gross $37,800

- EGI $35,910

- Operating Expenses $20,262 (56.42%)

- NOI $15,648

- Debt Service - $14,668

- Break Even Point Occupancy 97.27% 

- Break even point on cash invested - ~1,728 months

- DSCR 1.07

- COC ~0.70%

The entrance isn't bad if the commercial units aren't subject to occupancy issues and the asset class is C+ or better. 

But, you need to increase the income, consider extending the term and possibly consider leveraging the rehab...So your cash flow gets to $400/mo, COC gets to about 9.5% and reduces the break even point occupancy to 86%. Also review your expenses. Your maintenance is awfully high for post renovation. However, you're missing accounting, advertising, legal, common electric, extermination, water, sewer, trash, inspections (if applicable) and snow/lawn so...

Good plan. Feel free to connect if I can help you absorb all this. (717)945-7040