All Forum Posts by: Mohit Madaan

 Not that i know of, i have asked few fellow BP members and few real estate agents too, but nothing i could find.

 Hello, Welcome to BP.

I am in stockton and looking at multi families and mobile home parks in the area.

 As exciting as it is to type a post to motivate a fellow investors, its equally disappointing to see some one giving up so quickly and easily. 

Talk about resources? Do you have two hands, ability to see, walk, talk, and work legally? Trust me, these things combined are far more than millions of people that could and have done better than you.

You say, you don't even have a decent Job that pays well. If you can't even land yourself a decent Job, how are you going to close deals in Real Estate (if you had the money)?

Sorry, just very disappointed

Joseph Zanazan What happens if the current LTV stands around 80% and i want to put money towards principle to bring it down to 78% (or the LTV originally agreed to drop PMI). This should work, Right?

So, you want cash but you offer what, i am sorry?

Not trying to be a J###k, but you offer neither cash nor experience, please save yourself time and start it the hard way.

 If Dave was checking this out, he would say two things

a) 20% is very unrealistic over a long long period of time and 10-12% is more realistic

b) if you borrow against your house at 4% and make 10-12%, you are not adding risk. That risk you take, gets you the 6-8% profit and not your investments.

I personally partially disagree with that, but just saying

Very encouraging to see you making such a nice progress. If you are not worried about debt and are ok with 'worst case scenario' i would say, keep going.

Good luck for future projects

As they said, 'Advice is only worth, what you pay for it'

in reality, i have had few friends who attended this and here was the feedback from some that i trust and are very smart people.

"Even though, there is free information that is good to have, specially for beginners. The fact that you get sold so much, makes it frustrating and bury the information deep down that you can't get it. You start thinking, everything they say is going to lead to something they are trying to sell, which makes you not pay alot of attention."

It's not a 29 days billing cycle, the bill came in for a month 29th April to 29th May. Tenant C moved in on 1st May and should pay for 29 days instead of month (1st to 29th May). I want to find a best way to send all tenants correct bill, without having to come out of my pocket. Tenant C agreed on 1st May that he will pay on pro rata basis for the days it takes to get the sub meter installed, as they wanted to move in right away and we all agreed other things were more important

So, here is what happened. I have a 4 storey commercial office building in another country and 2 storeys out of 4 storeys were vacant.

We had 2 sub meters installed, whatever the electricity bill came from authority, we would look at the sub meter readings and divide accordingly. So say tenant A consumed 60%, he will end up paying 60% of common area as well.

Now, a new tenant came in on 1st of May but his meter wasn't installed until 11th May, we agreed that they will pay on pro rata basis.

I am stuck calculating the bills now, and will need some major math work.

Here is what i have

Total Bill Amount 75,256 (don't worry, its not USD)

Total units consumed 8752

Bill Date 29th April to 29th May

Vacant Unit in building - 106 Units consumed

Tenant A 1717 Units consumed

Tenant B 3541 Units consumed

Tenant C 2303 Units consumed for 19 days (11th May to 29th)

Total 7667 Units

Common area 1085

If i take 2303 Units and divide by 19 days, it gives me 121 Units a day and multiply that by 29, i will in total get more money from all tenants than combined bill, which is unfair.

Please suggest a best way to calculate.