All Forum Posts by: Carlos Flores

I can put you in touch with Brad. Send your phone number to email in my profile or on my signature.

 Old Capital is awesome ... but I might be a little bias! 

Well...referring you to myself might be considering advertising.

Assuming market rate multifamily (5+ units), you're looking at 17% down for hud.

This is common in commercial, especially with the larger national companies.

Can you make some recommendations on how you'd handle retrofitting sub-meters on older, larger properties with central boilers?  Are meters for hot water lines more expensive than for cold lines?  Wait, are you saying I'll need two per unit?  The water company also charges me for sewage.  How much are those meters?  That's three meters each ... would you add them, why or why not?  What's the price difference between the manual ones and those fancy broadcasting ones?  Do you have to bust a hole in the wall or dig holes everywhere - how much does that cost?  What would you estimate the additional labor hours to be annually for reading, processing, etc?  I'm sure I missed something.  Can you base you answers on a 300 unit property built in the 1960s?

@April Zarling Would you be interested new construction?  A friend is building 4-plexes (on demand) in Collin County.  I think he has 5 left.  You could reach your 2016 goals in one swoop, and achieve some economies of scale in the process.  

For Texas  SUBCHAPTER H: UTILITY SUBMETERING AND ALLOCATION §§291.121 - 291.127 Effective January 6, 2011 - https://www.tceq.texas.gov/assets/public/legal/rul...

Happy to lend on deals in Austin.  Too pricey for my personal investment model.

Thanks for the shoutout @Cassie Sherie.  I have a property management company in mind given info provided.  They manage 9000 doors, ship product in from overseas, do some of their own rehab work and sub-out the rest @Jesse Chunn.  I'll PM you.