All Forum Posts by: James Wilcox

@Igor Tomic thx. It is an odd question.

Yes @Ben Leybovich you are always very helpful. I will admit that I don't have any larger multi experience (may change soon) and only a SFR so it is hard for me to turn off that part of my brain. I just have a buy and hold mindset really. I look a lot at cash flow and cash on cash ROI mostly with the other metrics falling behind those.

I have been wanting to get into more commercial, but have a hard time looking past the cash flow part. I agree that it isn't the metric I should be worried about too much for the larger units. I just get a little freaked when I plot a larger unit out and see the numbers on cash flow per door. I will look more into IRR and building value into the larger unit properties and hopefully I will be able to see the investment in a new light.

Went to an auction today and just have to share this. The bathroom has the circuit breakers / electrical panel in the shower. Just plain amazing! I can't believe someone showered here everyday. Got to love all the wallpaper and carpet in a bathroom as well. Probably wasn't even a bathroom originally. 

Looking at cashflow only, is it very common for the cashflow per door/unit exponentially go down as you invest in properties with more doors? For example a fourplex that might yield a $100 per door (4 doors) is higher in cashflow per door then a 28 unit apartment building that might bring $20 per door. (made up numbers)

Why does the 28 unit not bring close to the $100 per door? Is there a number that is too low per door for larger complexes (minimum cash flow requirement)?

@Angel S. Welcome and you have come to the right place for REI knowledge and community.

@Glen Carter you have come to a great place to learn and connect with people in your area that deal with all aspects of REI.

I agree with this statement by @Brandon Stevens

@Steve Spencer probably would be a good person to talk with for what you are looking to do.

You can also use the "network" button and search for "wholesellers" in and around your area as well.

I 100% agree. 

@Suzie Wheeler Welcome to BP and you have come to the right place. Lexington, KY is a great town. :)

@Liz Rogers no problem. IK he has experience in real estate investing and working with investors. Not sure what you need a CPA for but if he personally can't do it or find the time time someone in the same office should be able to. Also located in Lexington so I guess that is a bonus.

lol welcome to one of my "favorite" parts of REI, getting in contact with people. It is just bizarre to me that people don't want to take my money.

@Liz Rogers you should check out Dillion Tax Service. Dave Dillion is only in on Mondays and Tuesdays though. 

@Scott Dougherty Like said above you got to honor the leases as agreed upon. However, when it comes time to renew you could use the new AC as a bargaining chip to get your tenants to renew the lease. If they plan on renewing they get the convenience of new AC if not you can install the system during your vacancy and your new tenants can just sign a lease for a higher rent (for the AC upgrade) assuming your market commands it.

IDK what how big your units are or the building but if they are small enough and space is limited you might consider a Mitsubishi split. They are becoming a lot more popular.