All Forum Posts by: Chai Sag

Its obvious that if Section 8 shouts down it is going to make collapse the entire economy, because is the foundation of the entire real estate value in many areas

John

Actually she doesn't want to get anything ,( she was getting 0.45% a year)

We are going to give her around 3 % ( I said 3 times more, its more than 6 times more!),not as interest but as a participation in the profits ( and I don't think that she is going to take it)

Congratulations Eddie!

We are doing something similar with a grand mother who has cash in the bank, getting less than 1 %. She is getting 3% now ( 3 times more) win win situation and incredible opportunity for us ( she is also very happy helping us)

Chris

It sounds great!

good luck!

Check more about the repairs and if current tenants are good

......when you have to pay real estate taxes ( at least in NJ)

Kim

It sounds fantastic to me!

I would buy something like this all cash

Congratulations!

Thank you Ibrahim! For sure that Insurance is missing, What else? Vacancy is in every property ,repairs ,maintenance.,etc.(maybe water, garbage collect) These are just "numbers" like they are presented in every multi family, Commercial property.My guess is that reality is always different.

This why I am asking what would be the real numbers and real value of this property

What would be the real cap rate of this property (with estimated expenses)) and what would be the real value?

$390000 / 4000ft² - CAP RATE : 18% HIGH RENT ROLL*$7K*-(2)COMMERCIAL/(4)-3BR Building (ESSEX-Bellville-bloomfield)

25-27 BROADWAY

0BR 4000ft2 apartment

Mix-use Building for sale broadway/Bloomfield Ave Area 4 apartments & 2 Stores. All 4 residential units and 2 commercial units are on yearly lease. Each tenants are screened, no hassle tenants. Tenants pay for their own utilities. Both stores have been there for over 20 years both family owned businesses. Property has green card so everything is up to date and inspected. Certified for 5 years. Green card was issued this earlier this year.

Building Size: 4,000 SF
Family Lot Size: 0.12 AC

FINANCIAL SUMMARY:
Pet shop- $1,500
Chinese Rest.- $1,500
(4) 3Brd Apts- $4,000
TOTAL RENT: $7,000

Annual Gross Income-$84,000
Taxes- $12,000
Net Operating Income:$72,000

Capitalization rate: 18.46 %

Rafael :Thank you for your response! I feel more confortable investing locally (NJ north,central),specially for rentals

Darren : Thank you so much for your response! "Good tenants" are the ones who don't destroy your property and pay you on time.

It would be a pleasure to speak to you

HI , I am a new guy in North New Jersey

Looking to learn and invest in multi family,buy and hold

Which cities are the best ones to get a better return and good tenants?

Which REI club is good ?(North Jersey or Central Jersey)

This web site is fantastic!!