All Forum Posts by: Jonathan Sher

Wow, I started this thread almost 8 years ago when I first started out, glad to see a lot of people in here! 

I’m always looking for nice residential building lots if anyone comes across some! 

 Hey Nathan, shoot me a private message.

Side note, from what I've seen, this area seems to have more investment moving into it.

Looking at the FEMA map, the garage is in the Zone AE which requires flood insurance from my understanding, rest of the building is still in the flood zone, not as bad as the AE zone... I personally try to stay away from flood zones.. FEMA can at anytime change maps that can affect your pocket significantly...

https://msc.fema.gov/portal/search#searchresultsanchor

 I second this! I would love to find a group of people around the area to meet and chat!

Hello BP Fans,

Wanted to see if anyone has a personal experience investing in 55 and up age apartments. The apartments I'm interested in are not assisted living, providing no healthcare, maybe some common areas for minimal entertainment or services, but a place for older people to have an apartment surrounded by people closer to their age. Tenants would be responsible for their own meals, laundry etc. 

Thanks!

Hi Charles, are you looking for electrical work or are you currently investing in properties?

Where any permits pulled? Were they required? It would of most likely have been found if an inspector was to inspect opened walls and major electrical upgrades.

Hello all,

I recently came across (2) 8 family units in a nice part of town that is an age 55 and up apartment complex. It is not assisted living, but apartments for older tenants. The owner has of course praised how their vacancy is short lived and have small turnover. I'm just a little worried that since you're shrinking your pool of renters down to a smaller section (55 and up) if that would be a concern for finding tenants in a timely manor. On one hand, I know the baby boomers are a large group of individuals right now.. What are your guys thoughts?

I haven't done the math, but I wonder if you went with a 20 or 30 year instead of 15 to lower your payments and reduce your monthly negative cash flow? And if you want any given month, pay more to principal. It also depends on how long you think you will hold the building.