All Forum Posts by: Christopher Hunter

@Paul B. Now that now I will have a re-evaluate how I looked at this property. I do not know that about duplex, tri-plex, and 4-plex. I thought if it had multiple rents coming in then I would use cap rate and other dertermining factors.

@Kevin Young OK that makes sense. I know I am just anxious to get started and I want to be and running on all cylinders ASAP. I think I have heard of Score. I will check it out this morning. Thank you for your input.

OK. No can you explain where I went wrong in my calculation? Yes I was going to wholesale this property just for the learning experience. A Realtor that I might be interested in this for a first time deal.

@Rodney Kuhl Gross rents is $990, $495 per unit. have not estimated rehab cost. both units are occupied. Do I need to estimate rehab cost now?

I just came across this potential deal.

Duplex 2/1,2/1

1,800 sq ft

$88,500

11% cap rate is questionable

I do not have expenses, can I use 50% of gross rents just to see if it makes sense? $49/sq ft, land value per county assessor is $9,000. To calculate my cape rate I just did a real quick equation of gross rents divided by asking price. This is a learning exercise for me.

Here is the formulas I tried to use:

cap rate = NOI/asking price

replacement cost = $/sq ft + land value

Did I miss anything or just everything?

Where exactly do I need to go to put together this marketing package? I listened to podcast #66 about how a new multifamily investor can put together a sample marketing package to raise private capital. Is there a certain keyword to put on either of these websites, Loopnet, Marcus & Millichap or CBRE? I am looking for a downloadable marketing package to customize for myself for the property I am interested in purchasing 2-20 units.

@J Scott I get that I need to be very hands on in the beginning. I wanted to outsource some of the time consuming projects like marketing, lead generation, sending offers, screening the leads that do come and mailings.

@Annunciata R. Thank you. I will review this Evernote and see if this is similiar to Freedomsoft.

@Darrell Shepherd Thank you.

@J Scott Thank you for your input. I am a beginning Buy & Hold Investor. I want to outsource all my marketing, lead generation, and raising private capital in one software program. I have been looking at Freedom and testing that system out. I have been in contact with Elance on finding a VA. I have been learning how to analyze multifamily property and I do not want to outsource that until I can understand it myself.