All Forum Posts by: Eli Kalen

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Looking for interest only private loans with a 3-5 year term with a Ballon loan at the end of the term. Is there private lender our there that offers these terms? Thank you, Eli

what's the best way to go about finding $$$ for a long distance real estate investment? I understand that providing a finacial opportunity/deal is the number one way to find money for a deal. I've been feeling like I need to find somebody willing to give money before I find a deal. Is this the wrong way to go about it? If your actively taking part in the financial side of investment and willing to talk to me about what your expectations are please post here or DM me.

hello @Tyler Watts thanks for your input on student rentals. How the university regulates there housing is a great point i need to think l about. if i have further questions do you mind if i send them to you?

Hello @Jesse Klein 

Your right the ARV is way out of line for the price that is asking which makes it a pretty bad deal at the asking price with comps around $850k.

As you noticed I tend to take 50% if not more out for expenses. (What is your thoughts on that is this to much?)

Why do you like the 50% rule? what are the pros and cons of that system? 

What I have learned is that $100 cash flow per door is a  is a good rule of thumb for Multi Family units. 

Meaning I would need about $3700 per month in cash flow. 

Thanks for the insight, 

Eli  

@Andrew Kerr thanks you for your input. I do agree that the BP calculator is good.  When the deals are larger commercial properties.  (I'm learning about I still don't fully understand larger commercial properties)

I just received the rent roll for the last 2 years from the PM. How does a T12 differ from a financial summery or a rent roll?

Thanks fro the input on the closing costs and the PM fees, and insurance costs.  

its time to take a closer look at the financials.

Thank you all for your input on this properties.  I wanted see what the BP communities thoughts on this style of investing. 

Using leverage to create cash flow and give me the ability to  build my net worth quicker using less money, 

Thanks again,

Eli 

Hello Everyone I'm looking at a deal with a cash flow focus. I keep thinking that I have been taking to much out for expenses.

What is everyone's thoughts on using the 50% RULE????

Thank for the time,

E 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

This is  a deal will be bought in foreclosure fixed up and then rented for 3-5 years  before we sell.

Can you please be a critic of my logic in buying all cash in a market where a refinance does not make sense. 

$2,500.00 MONTHLY INCOME

$1,739.50 MONTHLY EXPENSES

$760.50 MONTHLY CASH FLOW

2.41% PRO FORMA CAP RATE

$9,126.00  NOI

$295,800.00 TOTAL CASH NEEDED

3.09% CASH ON CASH ROI

4.56% PURCHASE CAP RATE

After Repair Value $379,000.00

I will Sell the Property in year 3-5 years with a $92k-$139k in profit. 

Hello BP, 

I'm at a place where partnerships are necessary to my success in REI. Understanding other peoples experiences in the three areas that build a partnership. Is very important right now.

If your a Deal finder please share your experience. 

If your a Loan signer please share what makes a deal feel good or bad about putting your credit on the line.

If your the Money person what make you feel good and bad about putting putting your $$ into a deal. (Do you prefer putting a down payment down or do you like to pay in cash??)