All Forum Posts by: Peter Sosnow

@Greg P.

Im not a coach, but I built a portfolio of mostly small MF and would be pleased to connect and discuss.

@William Collins

Nice work!

I have a similar situation in Fairfield Co. and pulling out cash to 65% LTV across much of my portfolio. Use the cash opportunistically to purchase more multis.

@Terra Padgett

Agree. I describe it as choppy. Investing for 6 years and still figuring it out. Reserves are key to managing cash flow stress and opportunities. How much to reserve??? 3,6,9 months….it all depends on your personal comfort and if you want the risk of running low of cash and risk of loosing/damaging your property.

6th year and 3rd full time LL - no other job. I oversee a PM, but handle all administrative and executive decisions such as asset mgmt, and CFO. 90 units of which 80 are apartments in CT. Rental income/collections are strong at 100%, but cash flow can be choppy with capex/maintenance along with timing of expenses like when all my prop taxes are due. Reserves are key.

@Gregorio Villar

Commercial loan at a community bank/credit union is an option especially if you have a pre existing banking relationship plus strong personal balance sheet.

6 yrs investing in CT - 3yrs FT.  Lower Fairfield county.   Biggest surprise - deferred maintence/capex - 2x what I originally forecasted.  Regret - Wish I took longer terms for the few residential mortgages I still have (75% of my 18 are commercial).   Overall very pleased, but it’s not a get rich quick or at all or passive investment - at least for me.  

@Henry O'Toole

Keep it unless I knew what and why I wanted to buy with the cash.

I have a very similar story/profile with CT investing and I continue to hold. Cash flow staring to improve, although interest rates will take a bite, solid appreciation and of course great tax benefits.

@Remisola Omodara

Agree with the other responses. Cash flow is choppy. Maintenance, deferred maintenance and capex improvements and more all impact cash flow. Been investing in small multis for 5 yrs in CT, 3 FT and I have needed large reserves and a diversity of income streams (stocks, spouse w-2) to help with fund our lifestyle.

Many choices/options.  Rates are by far the biggest issue, if you don't include a future refi, which could be a strong CF positive.  If rates drop and as my debt goes down that will have the 2nd biggest impact, which is a reason I am building equity/paying principal.    Other ideas: 

- I could self manage and save my PM's 7.5% - over $100,000 per year.   That could impact my life.

- Continued capex to improve rents, although that would impact ST cash flow.

Interested to discuss in more detail.   

@Tolulope Adewole

Remove apartment features such as oven to make it a space? Change the lease to say space instead of apartment?