All Forum Posts by: Harsh Singh

Hey guys, in light of the recent pummeling that the stock market has received on these tariffs and other troubling economic signs, I feel that I need to build in some risk into my modeling for a potentially really good deal I found. The market is in Houston TX and it's for a 6-plex with good rental income upside, for now...

For those who are experienced and weathered various recessions over time and closed deals right before a major one, what is the general reduction we would see in rental income if we have a high probability of a recession? Also, how bad do you guys foresee this one being?

Thanks Kyle! I sent you a note!

Thank you for the reply. This is a mom & pop apartment so there are no financials just rents and the expenses that were included was insurance, utility and that's it.

I am trying to build a pro-forma with the info that I do have.

Hello BP community,

I am looking at  deal in my local market that's priced at $425K. This property will need about $75K in rehab and the market rents would increase between 5% and 8% once the rehab is done.

I am trying to figure out what expense ratio to apply to this opportunity. Does the 50% rule include only operating expense, or does it also include debt coverage and taxes as well? Also, what's a realistic operating expense ratio for a 6-unit multi-family deal? I feel like a 6-unit compelx is not as difficult to manage as a 10 or 20 unit complex.

Can someone please provide some insights?

What's up BP community, I had a quick question. Has any of the Texas members of the BP community used Renter's Warehouse for their rental units? If so, what was your experience like? Was your property rented quickly, or did it sit on the market long. Were there any hidden charges that you found on your monthly bill that was not disclosed up front? What was it? 

I am looking for general feedback on this. I look forward to seeing yall's responses.

Thanks,

Harsh Singh