All Forum Posts by: David Litzau

I just purchased a couple of SFH's that are already under lease and producing good cash flow. However, after closing I came to find out the current renters do not have renters insurance. Is this something I should require on future leases or is my homeowners insurance sufficient enough?

@Oleg Shalumov thank you for the feedback.

@Chase Louderback ok thanks Chase. I kind of figured that but wanted someone with more experience to validate. I appreciate the feedback.

@Oleg Shalumov I did include the income statement from them.  Did you happen to see that?  Here is my breakdown I did based on the data they provided.  Would love to get your feedback.

@Chase Louderback thank you for the feedback.  My analysis is a little crude, but I'm showing negative return for the first year, but I'm assuming I'm missing something, which is why I reached out to the community.  It is student housing, but they have parental guarantee.  Not sure if they reduces your concern or not.  Here is the analysis I did.  What am I missing?

I'm looking at a multi-family investment, but after doing the math I don't think this actually creates a very good cap rate, nor a good annual income.  I wanted to get feedback from those who are more experienced to see if I am missing something here.  The asking sales price is $960,000, and below is the information provided to me by the seller. 

@Eric Carr thank you!

@Eric Carr thanks Eric. Couldn’t agree more. Austin is a hot area so there are multiple reasons to invest. Thanks for your note.

@Andrew Postell that’s great. Thank you for post the additional feedback. Very helpful!

@Keith Borie thank you for the detailed feedback Keith! Appreciate the help.