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All Forum Posts by: Jim Growfer

Jim Growfer has started 16 posts and replied 92 times.

Multi-Family and Apartment Investing

Post: What should i tell a broker what my criteria is?

Jim GrowferPosted
  • Posts 92
  • Votes 10

I want a 16+ unit multi family 

Texas

No Maximum purchase price

Cash flowing

Does that sound right? or what extra criteria do I need?

What is your criteria when a broker asks you?

0 Votes
Multi-Family and Apartment Investing

Post: How to figure out my Debt Coverage? 7% factor?

Jim GrowferPosted
  • Posts 92
  • Votes 10

So than what is grant talking about at the 12:20 mark on that link?

0 Votes
Multi-Family and Apartment Investing

Post: How to figure out my Debt Coverage? 7% factor?

Jim GrowferPosted
  • Posts 92
  • Votes 10

@Ellis Hammond

https://www.youtube.com/watch?v=cGMIznRAnwg

Grant says he uses a rate factor. at the 12:20 mark and ends at like the 13:40 mark

0 Votes
Multi-Family and Apartment Investing

Post: How to figure out my Debt Coverage? 7% factor?

Jim GrowferPosted
  • Posts 92
  • Votes 10

Can I use 7% interest as a conservative number to figure out my mortgage payments?   

If i got $1,000,000 Lent to me. I would pay 70k in mortgage payments per year

0 Votes
Multi-Family and Apartment Investing

Post: Does the 50% rule work for 50 unit multi families?

Jim GrowferPosted
  • Posts 92
  • Votes 10

so thanks. that answers my question for the most part

0 Votes
Multi-Family and Apartment Investing

Post: Does the 50% rule work for 50 unit multi families?

Jim GrowferPosted
  • Posts 92
  • Votes 10

50% is kind of close to your 40%.   Im mainly just looking for a filter so I can quickly differentiate a good deal that is worth looking more into vs a trash deal not worth deeply analyzing .

0 Votes
Multi-Family and Apartment Investing

Post: Does the 50% rule work for 50 unit multi families?

Jim GrowferPosted
  • Posts 92
  • Votes 10

USED AS A GUIDE NOT A RULE

50% of gross income = NOI right?

0 Votes
Multi-Family and Apartment Investing

Post: For a quick analyzation of a property, is this right?

Jim GrowferPosted
  • Posts 92
  • Votes 10

= bad deal.. is this right??

0 Votes