All Forum Posts by: Account Closed

Thank you everyone for taking the time and helping me understand cap x better now.

Hi fellow members,

I hope everyone is healthy, and doing well. 

I was wondering if anyone can help me understand at which point I should factor in the Capital Expenditures when evaluating a multifamily deal? I am understanding that these numbers are not part of the Net Operating Income as they are not considered routine yearly expenses. If this is correct then I would like to understand when exactly is the time to factor these costs into my budget? 

Thanks in advance!

Hello members, I just sent out my first direct mail campaign and I got zero call backs. I used a list of 1800 pre for-closures, single family, older then 50, and at least 50% equity in the property. I used Turbo Letters and sent out these cool post cards with a pic of that property on the card. If anyone can help me with this I would greatly appreciate it. 

Thanx Michael. This is a c market so would you say this is good to work with? Also what ratio am I looking for as far as monthly income to rent?

Hi everyone, just closed on my first property and now we are up to screening tenants. I have two sisters interested  with a 545 credit score and a 485 credit score. Otherwise no red flags. 

Can anyone help with some advise?

Hello fellow members! I have just got my first property under contract in Allentown Pennsylvania and I need to find an inspector that is thorough and honest. I know someone who was burned badly by a dishonest inspector and therefore I would like to see if anyone has any recommendations for me or if anyone can let me know where to find one. 

I am new and I really appreciate all the help I've been getting on the forums thus far! I really hope to one day be experienced enough to pay it back and help others on this amazing website.