All Forum Posts by: JP Lujan

We would be interested as well. 

Thank you guys for inquiring, I've sent emails to everyone that provided them. Moty Wall give me your email and I can send some details.

Thanks again guys!

We have our first deal under contract. Looking for experienced investors who are interested!

• 8-unit multifamily property in a highly desirable location in Western Wisconsin near schools and hospitals
  • 6 off-street parking spots
  • On the bus route
  • Onsite coin washer and dryer
  • Pets allowed for additional monthly fees (hard to find in this area)
  • All units remodeled since 2010
    • Exposed brick and lots of natural light in majority of apartments
    • Over $40,000 in exterior improvements and masonry work done in 2016
  • 0% vacancy the past 3 years
  • 1 x 2 bedroom, 5 x 3 bedrooms, 2 x 4 bedrooms
• Rental Income: $8440.00 per month = $101,280 annual gross operating income
• Yearly Estimated Expenses Breakdown (2017)
  • Vacancies: 5% or $5064 per year
  • Taxes: $13,765.97 per year
  • Maintenance: $6300 per year
  • Lawn/Snow: $500 per year
  • Garbage: $1850 per year
  • Water/Sewer: $2128 per year
  • Insurance: $3109 per year
  • Utilities: $2841 per year
  • Total: $35,557.97 annual expenses or $2963.16 per month
• Net Operating Income: $101,280 - $35,557.97 = $65,722.03 annual or $5476.84 per month

Looking for a private investor to partner up with 20% of the purchase price.

Contact us for more details and terms.

Hello All! Gung-ho newbies here looking for some guidance! All help and patience is appreciated!

We have a meeting this week Friday with a seller who has a 16 unit apartment building for sale. Since this will be our first time meeting with a seller to discuss a deal, and commercial property is its own unique niche, we are reaching out to the BP community for some advice. We do know a little bit about the property (location, upkeep, photos, vacancies, income, expenses, projected COC, cap rate, taxes, seller's purchase price, etc).

What questions would an experienced real estate investor be sure to ask the sellers?

What (if anything) should we bring to the meeting?

What is the best way to prepare for the meeting? (What research should we do? etc)

We also have a contractor willing to walk through the property with us at a later date. What other "precautions" or due diligence should we be thinking about at the very beginning of this process? 

Thanks so much in advance!

Hello everyone, My wife and I are new to Real estate investing. We've been educating ourselves, and it's very exciting. I was wondering if there's a thread on any of the Bigger Pockets forums about all the different types of financing, from conventional to creative! Any information or direction helps. Thank you in advance for your time and assistance!