All Forum Posts by: Dennis S. Gelbart

I looked at KC for multifamily. Many overpriced and not any true value... be careful. There are a lot of one bedrooms that are priced in the two bedroom range. I stopped searching there for lack of finding anything reasonable.

Please prove me wrong....

best book to read on negotiations is "never split the difference " by Chris voss. Great techiniques. Its a lot of work but worth it.

sounds like a lot of panels. How much electricity is it producing?  The way it works is, you either lease it from the solar company or buy it. See if you can "sell" it back to the solar company and lease it. I have them on my home and I lease it. Costs me 105 dollars a month for the lease and my electric bill is for infrastructure of 14 dollars a month. The summer is great. Around October it starts to break even. In the winter ( I am in Chicago) the bill is about 40 dollars a month. I can explain what I see at my home if you are interested. 

Dennis 

Interest rates do matter if the income is not covering expenses as well as borrowing costs.

dennis 

Set your interest rate a 7.5 which makes most deals not work. Then, put expenses with yearly increases of at least 5% with Insurance and taxes higher. I say taxes 6% and insurance which is schedule to jump significantly 10%

 I am waiting for a crash and then our team will jump 

Good Luck 

Dennis 

I am looking to be involved in a RE mastermind. If you are interested lets hook up and get a small virtual group going. I am located in the Chicago area. 

Thank you and looking forward...

Dennis Gelbart 

No deal too tight

Hello,

I would like to set up, join, help organize a mastermind for real estate people - (YOUR LOCATION NOT IMPORTANT) who are interested in Multifamily, 25-99 units. If interested, please post to BP and we can contact each other. 

Note I will be unavailable Tuesday afternoon Oct. 4-Oct 6, back in the ball game Oct 7 

Best

Dennis 

About a year ago I purchased the models from Adventuresincre.com  They are very detailed and well done. It absolutely has a learning curve. I feel it was worth the time invested ( At least 100 hrs) since I tweeked it for my own use and added some spreadsheets to it such as an Expense category spread sheet which feeds into their expense spreadsheet. Well worth the time. I now can underwrite a property in about 1.5-2 hrs if all the details given me are clear. 

Thanks 

If you do not need the money, there seems to be an upside, and you do not have a place .... yet to put the earnings from the sale. Why sell? Let it pay down the mortgage. The only issue is you may not receive as much for it when the market hits a  bubble. But... if you can keep renting and earning. Why sell.

Best