All Forum Posts by: Russell Tidaback

1st glance, $1.8M.  I agree with Mark... Comps, comps, comps. Numbers don't lie, people do!

Has anyone successfully negotiated with a PM co to assist with the acquisition costs of a property?  If so, please give some details.

Karl,

Which one do you feel more positive control utilizing? Use that one, w/ an exit strategy!

Mike,

We use irr.com to get better picture of the local CAP rate... http://irr.com/_FileLibrary/Office/M1631/2015%20Mid-Year%20Viewpoint_Chicago_Multifamily.pdf

Without working with a local broker or performing your own CAP rate research.

Any PML or HMLs interested just let us know...

We are currently researching funding to acquire a 300+ unit MF property. Here is what I can give you right now due to the C.A.,

Actual #s:

GRI: $3,847,680

OE: $1,852,558

Proposed DCSR: 2.69

BPO: $17,652,305

Local CAP: 5.5

Purchase Price: $13,9M

Think you can support this acquisition?

I can send Rent Rolls, T-12 report, and CAPEX budget.

[email protected]

239-770-0630

Need an address, CASH Offer if pricing is right!

I am in Central South Florida...just west of Lake O. I farm both the east and west coast so if you come across something that may be of interest let me know!

Russ

Term financing? Please elaborate on what you mean... other than the conventional financing terms?

Richard,

Im in Labelle...let's connect. Send me questions, ideas, etc. I'll be glad to help.