All Forum Posts by: Christian Nachtrieb

@Erik W. He's getting the 9% CAP Rate based on the potential ARV of $872,000 I believe.

@Phil K. How do you get rid of those heaters? I've been shopping around some Worcester multi-families and it seems like EVERY house has one. Are they expensive to replace with something newer?

A graphic designer friend of mine recently launched a site. Free to use and signup and manage properties, payments for rentals are processed through Stripe. It's small, but very easy to use and nice on the eyes.

www.renteous.com 

Hello @Xochitl Cadena yes I did, his name is Doug, he's based in Melrose. For a small job he may send one of his other guys, but either way he's good to work with. In terms of cost I think he's middle of the road for Boston area. PM me for his email address it won't let me post publicly. 

Thanks!

In addition to what @Patrick Hill said, make sure you to get your direct deposit paperwork filed AS SOON AS POSSIBLE! They will not go out of there way to make sure you're paid on time. Get a W9 ready and make sure you've got everything spelled correctly :)

Dude @Jeff F. first off THANK YOU for this epic diary post. It caught my eye this afternoon and I read every word you posted over the last two years. It's really awesome that people like you not only share how you did what you did, but that you took all the time to document the process and with pictures no less. You made me cringe, laugh, cheer, and I think you've got everyone here on BP rootin' for ya. Good luck with the refi, sending good vibes dude keep it up.

Food for thought. 

Mortgage Finance in the Face of Rising Climate Risk

http://www.ouazad.com/resource...

I don't have any suggestions unfortunately just here to share in the thought that that SUCKS. Sorry dude.

@Sachin Bhat Copy that thank you. I'm looking to do a deal like this in the next 18-24 months and so I want to fully understand the financial position I need to build. Much appreciated!

Question about reserves, and I apologize for hijacking the thread... would a lender need reserves based on, what exactly? Are they just looking to make sure you have enough reserves to cover the mortgage payment? Or that, PLUS empty units.