All Forum Posts by: Matthew Karp

I’m interested in this depending on the size of the deal.

Matt

Im not sure how to go about finding land in the N.Y. Metro area for building a storage facility.

Does anyone have any suggestions?

Thanks

Hi Rene.

I passed on this deal.  I appreciate your comments.  I believe your were saying a 5 cap is too low?

Matt

My first 6 unit in West Haven cT.  its a 5.5 cap.  On a personal level, I have to dig into my cash reserves for the down payment and am worried about it.  After re hab its a 9 cap and my cash on cash is 8-10 percent.  But without a secured loan, I worry that a re fi after 5 years could put me in a dangerous situation.  I do not feel I am buying this below market with equity other than 25% down.  Price is 720k more than I planned to spend to start out.  the psa is complete and they are waiting on a signature and a check and I am consumed with fea.

Thank you!!!

Hi,

Im looking for an Inspector in West Haven CT.

Thanks

Hi Philip,

Im a buy and hold person.  Keep me in mind.

Best of luck,

Matt

@Salvatore Lentini

Fear of the deal i’m working on is not a good enough deal and is too expensive for me

720k, 6 units, Rent potentional is 8k per month, expenses including mortgage are 40k

Im looking for mentoring advice about how to finance and purchase tripple net industrial space in N.Y.

I have 1 comercial restarant space with a tennant and a stock portfolio, if you are new, is it too riskey to borrow against these?

Thanks