All Forum Posts by: Craig Bussey

 I'm looking at a 16 unit and I'm slightly confused by the proforma..I might be reading it wrong but the purchase price of a 16 units is 2.2M with income of 141K-- that is an ROA of 6.4% GROSS. The cash flow would be an ROA of 1.5% for the first 25 years until the mortgage is paid off. You make more money in a savings account then the property with zero risk. Perhaps I'm reading the proforma incorrect.. Seems overpriced but I'd like to be corrected. 

Hello Guy,

Just some feedback- Called to office and wasn't very impressed with the enthusiasm of the person answering the call, also I never received follow up on someone checking out the 4-plex I was requesting PM for.  Opted to self manage with the lack of quality PM's in ABQ.    

Hello,  

I'm an investor looking to buy more multifamily however I'm in need of an experienced/ Investor friendly agent.  Please reach out with any referrals.  Thanks! 

@Sean Gover

Thanks, I’ll check them out

Hello, does anyone have a referral on a good property management company in Albuquerque, New Mexico? I just completed a total renovation on a 4-plex. Thanks !

I've used TLC.  A little more expensive but they do great work.  

I live in Sacramento and I'm also looking to partner.    I have some experience with flipping vacant land but I'm now focused on multifamily/rentals.     I work in the automotive aftermarket and I'm hoping to replace my income in the next five years so I can focus on real estate full time.