All Forum Posts by: Mark Myers

Thanks for info.  That does shine new light on it.  Thanks to all who responded, for helping keep this in perspective.  

Of couse your right. Thanks so much again.

Thanks so much for the info.  I'm still very uneducated in the matter. I've listened to podcasts but not had time to read up on the subject. I promise I will smarten up on it and not waste everybodies time or spin my wheels.  Thanks again for your time and your experience.

??? Debt service of $2200/month +operating expenses 916/month = $3116 /8units= $389.5. Divided by1080sqft = .36/sqft  .48-.36= .12x1080=$129+ per door.  Thought anything over a hundred to start was good.???

Thanks so much for info. I'll dig deeper for more details.  Also will update on what I find. Thanks again.

I was car shopping and the "nudges" were large to say the least. Of course, I told the car dealer to "not shotgun my report to everybody", that's exactly what they did about 20 times.  And the category of the inquiries looks like everything from home loans to auto loans to credit cards. All with the same date, because we were car shopping.  Any way to change the category?

Thanks for responding. Info came from posted seller information. .. Ok, I can get utility info from provider- got it. What about things that sound like I would get them from seller, IE. the leases, accounting, insurance, "appropriate tax return sections"?? Wouldn't this info come from seller (who the agent doesn't want the buyer to meet)? Also, if you can rely on accurate info on income from seller would you be able to rely on above mentioned items? Also, how do I find out what the comparable cap rate is?  And, i have not been to site, im in CA on business and found this on website. Sorry for all the questions.

I am completely new to this, so forgive my abundant ignorance.   I've found and MF 8 unit building in a pretty good location.  All units are 3/2 1080sqft. Actual 2014 numbers are as follows: potential yearly gross income $50,000      actual yearly gross income $43,175.    Building operating expenses $10,872.  Asking $330,000.  Mortgage would be (ballpark) $2200/monthly. Seems like a great deal.  Why has it been for sale for almost a year? Am I being overly cautious? Thanks for input.