All Forum Posts by: Joel Evers

We have a 30 unit property under contract and will be assigning our equitable interest.  Would love feedback on initial pro forma

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Thanks for the input @Ronald Rohde @Lawrence P. Schnapf!  

Hi, @Joseph Firmin It is a turnkey, 90% leased secured parking temrinal with addiontal revenue coming from onsite fueling and 8k sq/ft of office space.   There's a mix of companies and industries as tenants.  

Thanks for the advice! I'll definitely want to be thorough when looking at potential risks in acquiring this asset.  Have you spent time in a lot of time in this space?  I'd love to be of any help to you if I can!

Has any worked a trucking terminal deal?  

Looking for insights on evaluating this asset.   Outside of understanding the revenue generated per sq/ft and the current lease agreements and terms, is there anything the BP fam would suggest? 

Thanks @Eric M. for the thoughtful response!  Useful as I continue learning this business. 
Looking forward to more insightful forum conversations!  

Makes sense! There are so many variables to consider; you can never have enough data.  

Always appreciate your input. 

Thanks, @Tom Shallcross!

@Tom Shallcross you’re always providing valuable insights! 

Your Whipple project looks phenomenal!  It does raise the question for me as to where to use boundaries when pulling comps.  All of my comps came from west side of the 90/94, so I actually never saw your project in my comps. In this scenario, am I pulling comps with sound judgement?

I assumed private equity in this analysis so I did not include debt in the holding costs.  

Lmk! 

@Eric M. Thanks for the input! 

I actually have the ARV @ 773k in --> Avondale Flip Quick Analysis
Reno - Adding 1000 sq/ft = $120,000 + update 1800 sq/ft = $90,000 + Buffer = $10,000

LMK what you think! 

Hey @Jonathan Klemm -  Thanks for always being so helpful!  These calculations are for a specific property type that's getting top of the market (800K+) after full rehab.   You're right in regards to the buffer! 

I'd be happy to share it with you once I have a property!