All Forum Posts by: Paul Khazansky

When you are closing on a purchase of an apartment complex, who generally pays the broker's commission - the seller, or the buyer is expected to cover some of the cost as well? I realize it can be done both ways, but what seems to be the accepted way here?

IMHO, 15% cap rate is unrealistic. I'd talk to the broker and ask him what's wrong with the property, this sounds like it's too good to be true.

Joel Owens first, I've been following your posts for some time now and think you're certainly an asset to this site. I appreciate a comprehensive response to my question.

The thing is, the example you provided is a slam dunk deal, which may or may not happen. I wanted to know what one can realistically and conservatively expect in a rehab business on average. Assuming you won't be "killing it" in every single rehab deal you do, what are reasonable expectations?

Anyone? I thought there are quite a few multifamily rehabbers on here...

Question for experienced rehabbers out there that target multi-family (5+ apt. buildings) -- what return do you target and you've been able to successfully achieve? I figured given the liquidity risk (funds are tied up) and performance risk (amount of effort/execution that goes with rehabbing) the required return must be fairly high relative to required return with other property types.

Thomas Elam A bit off-subject here, but which Baltimore/Maryland REIAs have you found useful in terms of networking and/or educational? I'm considering joining at least one this/next week, and would appreciate any feedback. Thanks in advance.

Steven Hamilton II I think either trust or Flips are not appropriate given the modest size of capital - ~$25k or so. I believe the cost to setup trust alone can easily exceed $1k.
Carlos Garza The idea is to set aside some money for your son/daughter so that when they're 18, they won't be starting from scratch. Also, this money would also be accessible by them if a custodial account is used. The only thing I dislike about custodial account are the taxes.
Brian P There is always that risk Brian, we as parents can only hope that won't be the case and do the best job as parents. I'm only talking about $25k here, not assigning the bulk of my assets to him ahead of time after all.

Thanks for the response, Thomas & Jon.

Any other platforms that are specifically real estate related, anyone?

So it's obviously important to stay on top of news in the real estate world (and beyond) for any serious investor. What news platforms do you follow daily?

So as someone who recently had a child, I'm looking for ways to put some money into an account set-up for my newborn that will hopefully grow over the years. Traditional CD's over below inflation rate interest rates, so the next few options are custodian accounts and 529 plans (set up to pay for child's education in future).

Then there is the option of purchasing a home/condo for the child (to his name), and renting it out with the idea that by the time he grows up it'll be owned free and clear. The amount is roughly $30k, which should be enough for down-payment and closing costs of say, 100k, property. Wanted to see if anyone has done this here, and if so, please share your thoughts/tips on the subject. Thanks!