All Forum Posts by: Chris Mcalister

has anyone heard of a listing agent not allowing viewings of a property until there is an accepted contract?

I'm interested in a multi and agent is saying they won't schedule a viewing untell it's under contract. It seems kinda fishy....

 Yes, I'm going to have Dick property manage for me.

 I spoke with Dick Rosen, he seemed to be very knowledgeable and was willing to answer any questions I had. He also had good rates. He is also a member here on BP.

 Thanks for the response,

Okay this is what I came up with. Total expanse  $2238, that is water, tax, insurance, maintenance, PM, and mortgage. Total rental income @100% ocupied is $2780. That would give me $542 a month of income.

The rent is below market by about $70 a unit from the comps in the area.

I may be wrong somewhere but I'll double check my number and repost.

 I will be paying $1350 a month in mortgage, property insurance is $154 a month and management fee are $65 a month per occupied unit.

 Bob, 

thanks for the reply, the sell price is 259k seller is paying all closing cost at $1500 for a home warranty. The water cost #s are from the city of Glendale using the last year's average for the property. The property has desert landscaping.

so here is my 1st deal, please let me know your thoughts.

4 unit multi, 3, 2 bedroom 1 bath apartments that currently rent for $600, and a detached 3 bed 2 bath SFH that is rented for $985.

There is coin op laundry on grounds and a swimming pool. The taxes are $1900 a yr. Owner pays water and trash that averages $ 250 a month. The MLS#5259536

I'm currently under contract for the property and want to make sure that I'm not making a mistakes before it's too late. Any advice would be helpful.

thanks in advance for your responses.

so here is my 1st deal, please let me know your thoughts.

4 unit multi, 3, 2 bedroom 1 bath apartments that currently rent for $600, and a detached 3 bed 2 bath SFH that is rented for $985.

There is coin op laundry on grounds and a swimming pool. The taxes are $1900 a yr. Owner pays water and trash that averages $ 250 a month. The MLS#5259536

I'm currently under contract for the property and want to make sure that I'm not making a mistakes before it's too late.

Can anyone recommend a good property manager in the phoenix/Glendale area. If so what did you like about them and what did the charge.

I will soon be buying a 4 unit multi and I'm trying to get all my ducks in a row.

 My end goal is long term buy and hold just as you stated but with out the flip.