All Forum Posts by: Eugene Krylov

@Kimberly Gopp

I was lost for days

thanks so much I will most definitely check them out!

hey BP hope yall had an awesome weekend!

I have chosen to go into the appraisal business, this would give me a competitive edge over other investors in my area. It's like an opportunity for me to get into real estate investing, why not do a job where it involves real estate.

I'm just wanting to see if anyone knows any good, trusted  appraisers in Jacksonville and if anyone knows where I can get my education as well, I have checked the requirements to become one, I just have a hard time finding what university or programs in Jacksonville can help me.

Any help I can get would be highly appreciated. 

@Kimberly

thanks! @Kimberly Gopp the numbers based on my goal and needs are great one of the deals has an NOI of $8,912 and the other is at $13,748 monthly! and that's after all expenses but before the debt service. And its a buy/hold strategy located in Ortega hills and Murray hill areas. (;

hey BP! I hope everyone had an amazing memorial weekend.

I'm just branching out, using BP as tool to help me out.

Currently got 2 deals on my radar that I would love to invest in, but as yall know there are a lot of hurdles to jump through to even get one deal to roll, but persistence and consistency is KEY!

If anyone has any advice on helping me move forward in my real estate journey, and I mean  ANYTHING at all I would be very appreciative. (pm me asap)

Also anyone knows any meetups through out Jacksonville that I can actually talk to other like minded investors, that I can build friendships with :)

 best regards Eugene!

gotcha!

Hey BP forum I found 2 great income investment deals in Jacksonville, Florida.

There is a big potential to add value on both of the properties, by looking at the pictures the properties look like they're level B properties, maybe on edge of being level C properties.

Both properties are in great locations as well.

After analyzing both of these deals and making sure the expenses are accurate as possible, the deals can have a partnership or a private lender financing it. I just have to walk through the property to see exactly what needs to be done  and get a bank on board as well.

I'm just trying to see if anyone knows any good contractors, private lenders, and friendly investor banks in Florida to help me get these properties financed properly  and becoming the best and most efficient investor.

Eugene :) 

oh I completely forgot the mortgage payment

but the expenses each month is $9,700 but cash flow is only at $7,307

I'm loosing some money.

don't mind my typo above guys.

hey BP, I just wanted to run some numbers by you to see if I'm making any mistakes. I raised the expenses just to cover myself for the unpredictable.

purchase price is 1,525,000.00 with 32 units, 12 of them rent out for $524 and the rest for $600.

Monthly I'm looking at $6,288 for the 12 units and $12,000 for 20 units and annually $75,456 for 12 units and $144,000 for 20 units. so the GSI is $219,456.

now they said its a 3.1% vacancy but that's bull lol so I calculated 5% and 7% vacancy

$219,456 x 5% = $10,972.80 then $219,456-$10,972.80 = $208,095(GOI)

$219,456 x 7% = $15,361.92 then $219,456-$15,361= $204,095(GOI)

I just went with the 7% vacancy just to make sure I can survive with a 7% vacancy.

expenses:

                                                                   monthly  annually

utilities(house electric, full water/sewer) = $3,500   $42,000

maintenance/repairs =                                $800     $9,600

property taxes =                                         $1800    $21,600

insurance =                                                 $1500   $18,000

trash =                                                          $700     $8,400

management =                                            $1,400   $16,800

monthly expenses is $9,700

annual expenses is $116,400

I then took GOI of $204,095 minus $116,400 is $87,695(noi) I also divided that by 12 to see my monthly cash flow which was only $7,307

I'm loosing about 2k each month

hopefully I'm right in my calculations please let me know if I am wrong lol

Best regards, Eugene.