All Forum Posts by: Chad Collin

@Evan Polaski , point well taken and thanks for sharing your numbers. I did increase my capex significantly after Tim's advice considering all line items. I'm up to $300/month. However, I have done HVAC, water heaters, minor renos myself so there's still some cost saving. 

Good notes on the PM fees, I have a lot to learn there!

On the financing, I already have some reserves and HELOC secured for unit turn renos. Rent comps would increase $200-250/door. This initial analysis was to see if it would cash flow day one and go from there.

Thanks for the advice!

@Tim Herman Tim, thanks for the feedback. I adjusted the tax and PM fees. I did find a local PM "advertising" 7% but sounds too good to be true for a small portfolio. My capex is lean because because I can do flooring and some reno myself at unit turn but I increased it a bit for safety. Good notes on the maintenance per door too. There may not be enough meat on this deal. Thanks again for sharing!

Been looking at small multifamily for a while for buy & hold. Found a CA triplex and ran through the calculator with conservative numbers. It's an older triplex but expecting to renovate and raise rents with tenant turnover. Any feedback?

• Purchase Price: $330,000
• Financed: $264,000
• Closing Costs: $4000
• Repair Costs $0

Monthly Income:
Rent: $2700

Monthly expenses:

• Tax: $213
• Insurance: $110
• Vacancy: $270 (10%)
• Repairs: $135 (5%)
• Cap Ex: $135 (5%)
• Management Fee: $216 (8%)
• Other Expenses: $150 
• P+I: $1,153
• Total: $2,382

Cash flow: $317

Cash to Close: $70,000

Cash on Cash ROI 5.45%