All Forum Posts by: John Matthew Johnston

@Jamie Banks

Thanks for the reply Jamie, I haven’t but I will now . Appreciate you

@Carlton B. Thanks for the reply!

@Gregory Nelis

Thanks for the reply, how are you getting those CF numbers?

@Trevor Richardson

My only expenses will be grass and snow removal for this property

@Kyle Tusing

I don’t see a value add at this moment but will look further into this. The prop is basically turn key which I’m not use to buying. This market appreciates around 3% per year.

@Rupesh Kumar my lender only will do a 20 year

@Amir Khan all utilities paid by tenants.

Deal

5 plex- Four 2-1 and One 1-1

Current rents 4650

Possible to raise to 4800

Asking price 475,000 offer of 450,000 accepted

It’s in excellent condition, well maintained and fully rented in great school district

Newer roof, bathrooms and kitchens

Loan details- DSCR 112500 down at 6.35% for 20year with 5 year arms

PITI 3363

Repair, vacancy and capex- 230,230,460

Lawn Service/ snow removal 160

As is with only CF 157 total but if you don’t factor capex, repair or vacancies it would CF 1,077 if you increase rents it would CF even more. If rates ever come back down it would be even sweeter. What do you guys think?

Deal

5 plex- Four 2-1 and One 1-1

Current rents 4650

Possible to raise to 4800-5000

Asking price 475,000, offer of 450,000 accepted.

Place is in excellent condition and well maintained and fully rented.

New roof

All new bathrooms

All new Kitchens

Awesome 5 plex in awesome School district 10 minutes from my house.

Loan details

25% down at 112,500

20 year with 5 year arm @ 6.34

PITI- 3363

Repair -230

Capex- 230

Vacancy- 460

Lawn Service/ Snow removal- 160

Cash flow - 157/ Month

Way lower CF than I’m use to but with principal pay down, appreciation and possibly of rates coming down and me refinancing also could probably increase rents to 4700-5000.

Any thoughts?

So lots of talks about the crash of the almighty dollar. Very general question and a lot of unknowns but what happens to RE portfolios if this would happen. I’ve read that RE can actually be a good investment if the dollar would fail but I honestly have no idea. Any idea how we could prepare for something of this magnitude?