All Forum Posts by: Carmela Gonzales

@Brandon Sturgill thanks for pointing that out. We use NREIG, and recently they’ve been around $350-400 per unit

@Jessica Zolotorofe thank you, will check them out. I am in Ohio. 

Thank you for the responses! I do use the 50% rule but recently a lot of the properties that have come to market disclose lower expenses, no capex, management etc. When I run the numbers, my strike price ends up below 50-100k of the asking. Seems like they are trying to falsely increase NOI to get somebody to overpay.

Hello everyone. Looking to acquire a small apartment building, Class C, 10-40 units. I am actively analyzing deals on and off market to gain more experience. We plan to buy and hold for at least 10 years.

Obviously I try to verify everything thru the T12, rent rolls, etc but as a quick back of the envelope calculation I use 5% for vacancy, 8% for R&M, 8% for CapEx, 10% for management, 250 per unit for insurance. We are in Ohio, and most apartments here were built in the late 60s or early to mid 70's. Should I be more conservative in these assumptions? Thank you!

Thanks for sharing, appreciate it!

We are closing on a duplex with a 3 year tenant on a month to month lease. Wondering if anybody has a template letter we can send the tenant as an introduction, outlining our policies, etc. Her rent is way below market value so we are planning to discuss increasing that as well. Per the current owners she is reliable and keeps the place well-maintained. Thank you!

We are closing on a duplex with a 3 year tenant on a month to month lease. Wondering if anybody has a template letter we can send the tenant as an introduction, outlining our policies, etc. Her rent is way below market value so we are planning to discuss increasing that as well. Per the current owners she is reliable and keeps the place well-maintained. Thank you!

Steven we just had an offer accepted for a duplex on hazelhurst. Inspection is tomorrow. When will your rental be ready for occupancy?