All Forum Posts by: N/A N/A

mikeoh,

can you explain how you came to those numbers?

i understand there is a tool here...but i would like to UNDERSTAND the concept of getting those numbers....if you could, i would appreciate it

BJ

I would like to ask the guys who have actually purchased properties (or property)....

what is your biggest failure & thus your biggest lesson so far from real estate investing?

BJ

what are some places that help ou to INVEST in S&P?

i am 26 so i can plan on putting money for 3-5 years...is there a fee for that and if so, what is the normal fee for S&P investing...i have most of my money in money market but it seems too little...only 5%

speaking of S&P, how do you get into S&P investing...is there a fee? my money market is paypal 5%....but i would like to invest in S&P because it avergaes 12% every yr....

how can i get started in that with a small fee?

i would like some advice on how to analyze this property...i am very new to real estate investing....

a friend of mine said this is NOT a good buy simply because my money could be placed in a money market (over 5% interest) while this property's cap is ONLY 3%....

other than that, can u help me analyze WHY this is a good purchase or NOT based on the numbers? i know there are a lot of factors one needs to look into but FIRST i would like some tips on HOW TO ANALYZE based on the NUMBERS first.

Primary Type: Multifamily
Garden/Low-Rise
No. Units: 4
Building Size: 3,150 SF
Lot Size: 8,019 SF
Occupancy: 100.00%
Price: $799,000
Price/Unit: $199,750.00
Cap Rate: 3.38%
Year Built: 1971
Date Last Verified: 6/8/2007

Scheduled Gross Income: $43,860
Vacancy: $1,316
Income Item: $195
Effective Gross Income: $42,739
Maintenance: $3,921
Taxes: $8,496
Insurance: $1,000
Utilities: $2,402
Total Expenses: $15,819
Net Operating Income: $27,006
Expenses/Unit: $3,955.00

thank you
GoldMin3

thank you for your reply....and also on topic, what are the GOOD SIGNS you look for prior to purchasing a 4-unit multi family....is 3% cap rate good enough? what if the city i live is 70% home-owners...would rentals in that area not be good?

i have a lot of money saved...i am very new to this real estate investing stuff...but would like to get into it for the future...

my current thing is....i own 20,000 sq ft land with 2 retail stores (convenience store which i own and operate & a small lawn mower shop)...

the thing is....would it be BETTER to build another retail strip mall here (from starting from scratch) OR

buy a 4-unit multifamily place to rent out (to start getting CASHFLOW) in order to build a retail mall?

i think it would make more sense to purchase an ALREADY CASH-FLOW making 4-unit place to have enough money to be able to pay off the money to BUILD a retail store from scratch....

any advice?

BJ

hello guys,

my family owns a 20,000 sq ft land (where 3800 is being used for two old retail stores = convenience store + lawnmower shop)...

i heard that we can use another 3200 sq ft (6000 sq ft MAXIMUM because 60% of the land needs to be used for parking) since we are NOT in downtown but are in a residential area....

we are a CPD zone...something like commercial professional...so we can build commercial, office, or retail...but we do stay right next to a residential zone with SMALL houses..and some apartments near the area....70% caucasian city with median income 70,000 income....

i have 2 questions

1) my 1st question is.....is it TOO RISKY to get rid of the two retail stores (because they're so old and ugly looking) and build a 2-story commercial 4 unit property to lease out to?

2) i would like to know and get advice in STARTING OUT BUILDING new properties...commercial....a lot of brokers have come to me and said that we should use the empty lot next to us and build something so we can lease out to renters (commercial or office or retail)...

i am very new to this so i would love to receive any kind of help from you guys even though it can just be a one-sentence advice...anything i'm willing to sponge up and learn much as possible...

thanks
BJ

hello guys,

i'm a complete newbie...my father owns a 20,000 sq ft land (we only use 3800 sq ft for a small convenience store & lawn mower shop)....a lot of real estate brokers have come to us to say we should build something in our empty lot because it's just sitting there empty not being USED...

so i went to the chamber of commerce, went to the city and talked to couple of designers & surveyors...

the problem is I have NO REAL IDEA what i'm doing..what i would want is to USE the land MOST EFFECTIVELY as possible (build a 2 story commercial property to lease out to several commercial or office workers)....

what is your advice on DEVELOPING something that will PROFIT? what i'm afraid is that...this development would cost a LOT of money (which we can borrow money) but HOW CAN WE pay MONTHLY for the loan if there is NO CASHFLOW from the beginning (since we are building a new building from the beginning)....

any advice on BUILDING & DEVELOPING & finding great surveyors and architects?

BJ