All Forum Posts by: Brian Ma

Hi,

I'm working on a house right now and need help please!

ARV: 330-340K

Repairs: 20K

Loan balance: 327K

I was thinking perhaps taking over the payments and put in a renter but it seems far fetched because of the repairs needed.

Seller wants to move to another state.

Is this a dead lead?

Suggestions please!  Thanks!

Hey guys/gals,

I’m looking for additional ideas for “value add items” for apartment complexes please. (Basically items where one can add value to the complex which are currently not being done at the complex).

Here is what I have so far:

- property updates / repairs

- fast, friendly customer service and management

- modernizing through tech (online payments, CC payments, (thanks Jake and Gino for the tip)

- asking tenants what they would like to see more of (perhaps any current multiunit owners can send a mailer to their current tenants asking how they would like the see the property improved!) =)

- increased parking

- shaded parking

- landscaping and upkeep of landscaping

Any others?

Cheers!

PS: My partner and I are looking for more brokers, rehabbers, private money investors, mortgage brokers who specialize in multifamily units in Southern California. Please connect me with on BP. Thanks!

Hello,  I'm looking for recommendations on a PM company in the area please.

Many thanks!

Triplex in IN w ROI w/ Loan @ 107% ROI cash buy @ 26% RENTED

Address: 334 N Randolph St. Indianapolis, IN 46201

Asking: $68,497

Triplex rented at current rates: $750, $650, $750

Expenses @ ~$921 w/loan @ ~$647 w/o loan

Cash Flow @ $1,228 w/loan @ ~$1,502 w/o loan

ROI w/ Loan @ 107%

ROI cash buy @ 26%

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ROI Calculated with assumed numbers below:

Loan of $54,797.60 (80% of asking)

Out of pocket cost @ $68,497 - $54,797.60 = $13,699.40

Yearly Cash Flow (w/loan) = $1,228.60 x 12 = $14,743.14

Yearly Cash Flow (w/o loan) - $1,502.58 x 12 = $18,031

Loan ROI - $14,743/$13,699 = 107%

Cash ROI - $18,031/$68,497 = 26%

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Please email me @ [email protected] and fill out this buyers sheet if you are interested in buying the property.  Thank you!

Buyers sheet:

http://goo.gl/forms/7Ht2949nK0

Hi, my name is Brian Ma and I live in the Bay Area.  I have basic real estate information and am looking to make my first deal happen!