All Forum Posts by: Chrissy Severance

I do have a local investor showing tomorrow.  I did receive a great offer this evening.  We will wait until after tomorrows showing to decide.  

Thanks so much.  I have had a bit of interest and will be. showing the property tomorrow.  

Thank you.  The expenses do have a lot off stacked expenses.  Things like tree removal for thousands of dollars as well as replacing many refrigerators etc.  There is a huge need for affordable housing.  

Thanks so much for  the feed back.  Management has not been local and going through a lot of change.  We are looking to polish it up a little and sell.  Local management will make a big impact.  This price range is much needed,  

36 units with 80% occupancy.  Currently in the process of leasing the last two. 

Total Income: 241,178.83  Expense Total: 162,999.01   Net Income : 78,179.82   Looking to list at 1.7 or 1.8.   

Looking at the brief numbers, what would you think?  

Thank you.   I am the listing agent.  I have expressed the concerns with the inaccuracies with the numbers.   The seller has chosen to take care of all repairs and upgrades to increase the value.  We will re list as the project gets underway.    Thanks again 

Thank you all.  Much appreciated.

Thank you so much for the input. Having options and knowing all the factors helps.  The current owner/management company is slow to get back with me.

I am new to multi family.  As both a Realtor and Investor, I want to provide the best and most accurate info to buyers and sellers as well as understand it.  How do I look at an income statement that shows a negative cash flow?.  How do I factor in depreciation and all other advantages tax wise?