All Forum Posts by: Russell Alton

Hey @Jasmine C.,

Could you make another post and just tell us all about your experiences?

Thanks,

Russ

@Account Closed what do you think with this additional info?

Here are the numbers that I ran on this calculator http://www.calculator.net/rental-property-calculat... Are there any numbers that I am missing? Am I too conservative on any of these numbers? I have the rent roll for the last 2 years and many of the names are the same after 2 years. Getting more pictures and I am talking to the current PM today to get feedback on the property and to see how they manage the property, any ideas what I should ask them?

Thanks again,
Russ

Hey @Patrick Franta, thanks for the warm welcome! I have not looked deep into your market, but I have this perception of high $$$ to jump in and maybe I need a few more properties before I can come over to your neck of the woods, but maybe I am wrong, so please feel free to educate me if so! :)

Brady Spangler with Axia Home Loans is my brutha on the island, hit him up and he will take good care of you and tell him that I sent you over. 

https://bradyspangler.axiahomeloans.com/

@Avi Garg Thanks for the note, sorry about the table! I will try to update. I am definitely looking for someone to partner with so let me know if you have anyone in mind.

Thanks,
Russ

@Ted Fairchild I haven't considered the Big Island, but what a great excuse to have to go to Hawaii. :) Would be great to chat, hit me up and maybe we can connect and talk about opportunities. I have a buddy that is doing loans over on Maui and just killing it!

@Lane Kawaoka just sent you a contact request, let me know when you have time to connect.

The property was built in 1931

The condition sounds really good, new windows, electrical panels and other renovations, but there are some things that need to be done estimated at $50k and it sounds like that is mostly deferred maintenance.

All the units are occupied except for one 2 bedroom and it sounds like it is time for some rent adjustments. I have looked at the rent roll from the PM and it looks very consistent and not too much income from late payments.

Asking price is $550K, comps look good 

What else should I be looking for?

I am currently eyeing a deal that has 18 units, 5 garages and what looks to be a great rate of return.

I need some help to pull the deal together, I have great W2 income and great credit, but I lack the 20% down to make it happen. Any thoughts on what I should do or who I should talk to about the down or any other creative ways to get this property under contract?

Thanks for the help!

Russ

@Ryland Taniguchi just listened to the podcast the other day with you on it, was a good one!