All Forum Posts by: Racheli Vidal

Hello BP Nation,

I am a real estate investor who lives in NYC and has property in Miami, FL. I am also a leader with The Real Estate Investher NYC group. This group serves to educate and support female investors to live a financially free and balanced life. Liz Faircloth has been on the BP podcast and is a co-founder of The Real Estate Investher community. Our NYC group is looking for a lady CPA with real estate experience who would like to speak at our next event. Any referrals or volunteers?

Ladies,

Eager to learn more about real estate investing...looking for other experienced women to learn from...come join us in the big apple virtually! The Real Estate Investher is the place where we seek to empower women in Real Estate to live a financially free and balanced life. Come join us!

Thank you to @Richie Thomas, @Tim Herman, & @Jaysen Medhurst. I was not able to get firm numbers from the seller. In the end your words of caution pulled me away from this purchase for the many reasons stated. I so appreciate the time and attention you have taken educating this newbie! I will take down my post by am very grateful for your explanations. 

Hello @Jaysen Medhurst & @Tim Herman
Thanks for taking the time to reply to this newbie's first calculator post.

@Jaysen Medhurst you were right alot of my numbers were guesses as the financials that were sent over from the realtor had holes in the data. I see now from your explanations what information I was missing and revised my calculator. I have requested the T-12s. I have adjusted the vacancy rate, water/sewer, and management. We will self manage and self-clean the units but I have left the management fee in the calculations to account for this. Insurance is included in the HOA fees.

@Tim Herman These units all had bathroom and kitchens recently renovated, including the floors and appliances. All but one had the HVAC replaced. I added to the capex to account for these expenses.

I will paste my revised numbers below in case I missed adjusting anything. Again thanks for your input.

Hello BP family

Please review this deal. It is 14 units within a 90+ condo complex. 9 are 2 bedroom and 5 are 1 bedroom. All but three are AIRBNB and rest are long term renters. This is not my first deal as I have 2 other SFH currently running as short term rentals. Property manager in place. I am putting these calculations together to secure a JV partner. Offer has been made to seller and currently awaiting offer acceptance. Any input that will make this report more informative and thorough is appreciated. Additionally, any errors or omissions please point them out to me so that I can address them. Finally, if anyone would like to discuss this further let me know.

Kind Regards,

Racheli

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Just used it as well!

Hello,

I am new to NY and would like to attend your meet up next month. Would you please send me information on next months meeting?

Racheli

Hello,

Has this property already been sold?

Hello Mark,

Can you tell me more about this property? Feel free to send me a DM.

Hello,

Is this property still available?