All Forum Posts by: Joel Van Kampen

Excellent points @Eric Greenberg. PM is fairly simple with the properties in close proximity, yet adding additional buffer is imperative. The brand new HVAC and a couple year old roof helps with the necessary rehab in the next couple years. Tenant pays all utilities, mows, and shovels as per lease. Thankfully I've had very little issues with these items with current tenants. 

My exit strategy would be to refinance when the rates go down @Chris Webb. At the 15 year point I will owe $40,750.70 if I pay nothing extra on this loan. Looking at using this property as a learning tool for my kids too.

Because the owner chose not to owner finance, I am leaning toward requesting a lower price. Thoughts on how to make this a better deal for both parties? I have an in-house real estate agent. 

Hello!

Thanks for taking the time to read and look at my potential deal. I received a quote back from the bank today: Adjustable Rate program with 20 year amortization and 20% down is 6.25% but the rate goes variable in 15 years. This would be my 3rd deal and curious what others think about this. Its close to my current properties and would be an off market purchase. 

Please take a look at what I put together.

View report

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

@Jason Medhurst - I totally agree with you that simply stating a firm price would be wise. My question was more regarding how wise is it to disclose all specific numbers and the why behind them. Im looking at duplexes and 1 triplex. My investing has worked well over the last 1.5 years with a sherif sale and townhomes off market. I've spent the last couple months with considerable amount of time in Carlisle. It is a beautiful town and the War College/Dickinson is a great asset to real estate.

@Adam Tafel - I am very much using analysis to justify my price. I've used the BP calculators many times in the last couple months. I called a lender today and she told me commercial rates are 4.25-4.50%. 

Thanks for your perspective and wisdom!

I am in the process of purchasing my 3rd deal and wondering if anyone has any advice regarding showing BP pdf calculator results to potential seller. This is an off market deal where I am currently the only potential buyer.