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All Forum Posts by: Nick Gold

Nick Gold has started 3 posts and replied 5 times.

Post: Need an opinion on a deal

Nick GoldPosted
  • Posts 5
  • Votes 0

Hi Will, 

Thank you for your answer! If I make an offer I was thinking to pay cash. 

Post: Need an opinion on a deal

Nick GoldPosted
  • Posts 5
  • Votes 0

Hello Everyone,

I'm reviewing a deal, 24 units with Low occupancy (50%) and i'm having trouble to estimate what I should offer. There is a low occupancy because at least 10 units need upgrades and it's poorly managed but if I fix that it's a great property, in the area the vacancy is between 5-8%.

As is the NOI is $19k and they are asking $850k but I know as soon as I fix all the issue the value is going to be much higher.

When you make an offer you are supposed to buy as per the actual number and not proforma but I don’t want to insult him.

What should I do?

Any tips on how I should proceed with this deal?

Thanks,

Nick

Post: Need help with a deal

Nick GoldPosted
  • Posts 5
  • Votes 0

Hello Everyone,

I’m reviewing a deal, 24 units with Low occupancy (50%) and i’m having trouble to estimate what I should offer. There is a low occupancy because at least 10 units need upgrades and it’s poorly managed but if I fix that it’s a great property, in the area the vacancy is between 5-8%. 

As is the NOI is $19k and they are asking $850k but I know as soon as I fix all the issue the value is going to be much higher.

When you make an offer you are suppose to buy as per the actual number and not proforma but I don’t want to insult him. 

What should I do? 

Any tips on how I should proceed with this deal? 

Thank you for your help!

Nick

Post: $500k for a down payment

Nick GoldPosted
  • Posts 5
  • Votes 0

Thank you Mark! really appreciate your feedback.

Post: $500k for a down payment

Nick GoldPosted
  • Posts 5
  • Votes 0

Hi,

What would you say to a newbie in RE investing with $500K savings? Should i invest in my Backyard? out of states for more options and better return? residential, commercial? Don't invest in RE yet and buy a business instead?

Thanks for your help.

Nick