All Forum Posts by: Brian Noel

Jon, I haven't but i will check it out. Thanks for the suggestion.

Bjorn, YES

Chris, Im not looking just in Denver, In fact you are correct you cant find 8 or 10 in Denver, but you can in Pueblo, Colorado Springs, Longmont, Greeley etc, which i'm fine with. BTW, one of my best friends is Chris Lopez in Cherry Creek. You must be brothers....lol.

Im trying to get to a number, i.e of $10,000 per month after DSR and all expenses. Im essentially doing a reserves calculation. In other words if i could invest $1,000,000 in a building cash or  up to $1,600,000 cash or borrow up to $1,600,000 and buy a building up to $3.2M. I'm modeling the various scenarios to determine after all my expenses and DSR how much will i NET in my pocket. 

Omar, I'm primarily looking in Denver and Colorado, although i'm very open to other cities and  states. For me it's all about the cashflow. I need a Cap Rate of 8% minimum and would prefer to get something closer to 10-12.  I'm looking at units that are from 8-36 units. Even if i cannot get precise numbers a range would be helpful. For example in my residential rentals i keep 8% annually percent for repairs and maintenance and 3-4% of vacancies. I am trying to find good industry benchmarks. Hope that helps. Brian.

Does anyone have any good metrics that i can get/ use for Multi-Family Buildings. I need to understand what are the typical percentages that should be allowed for Reserves, Taxes, Vacancies, Maint & Repairs, Prop Management, other operating expenses.  What is a good rule of thumb for all in Op Expenses before you determine your Net Cashflow ?  Thanks, Brian