All Forum Posts by: Carlos Gutierrez

Hi Karla,

@Karla Talancon welcome to BP!

I'm a Investor of SF flips and Small to medium Apartment investing in Charleston SC. I'm also a Realtor that work with first time investor trying to find, analyze, and purchase deals in Charleston. 

@alex 

@Alex Franks is right there are tons of out of state owner occupants as well as investor buying properties/APTS in Charleston and surrounding submarkets. 

Let me know if I can help you in anyway possible with numbers or visiting a property for you and running the numbers. I can be your "boots on the ground". Ask other investors in the forum like @Bill Delo that I've helped out and worked with in the past 30 days.

My info is in my profile feel free to contact me and we can FaceTime and put a face to a name.

Hi Tim,

How many units is the apartment?

What's your DSCR?

And what's your exit strategy?

I know very seasoned investors that have 1000's of units under their belt and the best financing I've ever seen them get is 80% LTV.

Since your new tge bank is definitely going to ask for 70-75% LTV. The only way around that is to get other investors involved or find a local lender that you have a relationship with in the area.

Jenna Deckard Commercial division at Heritage Trust might be able to help you.

Send me an private message and I'll give you her Infornation.

Hi,

@Russ Scheider thank you very much Russ. 

I'm here to help and spread some knowledge, also learn from others and their particular stories.

"The moment we think we know it all, is the moment we stop learning" words a live by everyday.

Hi Bill,

@Bill Delo.....I'm a local investor and also a Realtor in the Charleston area, I work closely with some investors in the area and also from BP. Welcome!

Let me know what I can do for you.

We can always skype or FaceTime to put a face with a name.

Charleston is a great area right now to invest, it's a  hot market and tons of folks are moving in from all over the US.

My info is in my profile.

Look forward to speaking with you soon!

Hi Pearce,

I'm a local investor/realtor in the Charleston area. Welcome to BP.

If you need any help let me know and I can help you find, analyze, and sell your properties with you.

My information is on my profile. 

Feel free to contact me via BP or email.

@zack quick. Yes I walked the properties with A GC and he estimated $70-80K. For the 8 units.

@Nate Watkins the cap rate for this area is around 9%-10% it's a C class area with rents climbing through the roof. I'm trying to get it under $700K sales price. The economic vacancy I'm using is 15% including delinquency. The 12 units are all rented and have over 1 year leases and some have been tenants more than 4 years. I want to keep this in my portfolio because it's close to me and a cash cow VS. repositioning it for a profit.

@jason hirko, that's a great idea. That's why I love bigger pockets.

My thoughts are the value is in the long term hold, even if I have to deal with a full fledge rehab. 

Your Thoughts are greatly appreciated!!!!

All 4 buildings on the same street.

Basic information, the 8 plex needs a full rehab.

All the other units have been updated in the last 5 years. Been rented successfully.

The 8 plex was let go down by a bad property manager, and the owner is older and does not want to do the rehab.

Sales price will be around $650,000-$700,000. Once all units are up and running my conservative ARV would be $950,000.

Let me know if you have any other questions?

All 4 are individually titled. 4 tax maps

Hi,

Been on bigger pockets about 1 year and probably the 3rd time posting!

I'm looking at a 20 unit total Multifamily investment. Here's the kicker. It's not 1 building. It's a 6-plex fully rented all at $700, am 8-plex completely empty (needs about 8-10K per unit), a two triplexes fully rented at $700 each, so out of the 20 units 12 are rented and 8 need a full rehab which will rent for $750-$800 each.

Two questions:

1. Can I go with a traditional lender? Community or local bank? And if there's any private lenders here on this forum that would be interested in funding this deal?

2. How do I figure out what's it worth in its current condition and the ARV?

Goooo!

Hi Ronald,

I'm a local investor in the Charleston area and i live in Summerville.

I'm a investor minded realtor in the area and have a lot of knowledge in flipping homes and analyzing deals.

Call or email me if you need anything.

I have a flip going on right now in GCreek.