All Forum Posts by: Quentin West

I agree with everything that's been mentioned. I would only add that I like to see the T-24 as opposed to T-12 because some owners like to fill the units with any warm body leading up to a sale in order to make the property more attractive...

Ok great. Thank you @Jeff Greenberg. 

I'm setting up a pro forma for a multifamily acquisition and was just curious what type of ratio you all use when projecting accounting and legal fees in your analysis? I've been using Costar's underwriting reports to get per/sf averages for sub-market operating expenses, but I've quickly discovered that they can be WAY off. Legal and accounting aren't even included in them anyway, so I've been using the more traditional operating expense ratios for my analyses. Thanks for the help!

@Jacob Ansbacher I agree with @Michael Cohen. 203k loans are not intended for investment properties. The HomeStyle loan would allow you to purchase a three or four-unit property and claim it as your principal residence, and also allow you up to 12 months to complete renovations.

Hello Everyone,

I've been using this site as a resource for a few months and am happy to officially join the community. I am a commercial real estate agent based in the Washington, DC area specializing in investment sales. Although I am new to brokerage, I have a background in commercial real estate development. I am here on Bigger Pockets in order to expand my knowledge of real estate investing strategies, both residential and commercial, in order to start my own investing business and to be able to better serve my investor clients.

I'm happy to be here, and I look forward to seeing you all out in the forums!