All Forum Posts by: Seetha G

Hello All

I am analyzing a 6plex property in Tampa, Florida.

Asking price is 700K. Current rents are 4800 and there is a potential to increase the rents up to 5400 monthly.

Sellers 2015, 2016 expenses were too high based on the schedule E as there was lot of repair work done.

If I have to calculate price at least for 6 Cap based on 2016 expenses, price is coming to 350K. Can you please suggest what should be done here?

Should I place offer at 350K based on previous years NOI or since there will not be so much maintenance work needed and potential to increase the rents, should I place an offer on pro forma which comes to around 450K?

Thanks!

Seetha.

Hello All

Could you please recommend a contractor/Handy man for a condo renovation in Sanjose? Renovation is for make ready for a sale.

Thanks!

Seetha

Thank you Nick. That totally helps.

Thank you for all your responses! 

Here are more details. I am looking for 5 to 20 units for a price range less than 1MIL and cash and cash atleast 10%. It will be a passive investment with buy and hold strategy for cash flow purpose.

My current RE experience is in SFRs and multifamily syndications.

@Edward N. I would love to connect with Multifamily investors. I am looking for a realtor who can help me out find multifamily properties. I am ready for partnering as well.

Hello All

I am very much interested in Multi family in Dallas Fortworth area. Could you please provide any recommendation for a realtor who specializes in DFW multi family?

Thanks!

Seetha

Thank Greg! That's a good idea.

Robert

I have no problem selling it to retail buyer too. Its just the property need to be rehabbed before that. Just checking to see if there is any other option.

Thank you.

Hello All

I own a condo in bay area which I am trying to sell now. The issue is owner to tenant ratio is below 50% per HOA. When I purchased the condo, it was tough for me to get conventional loan so had to do hard money lending.

Now that I am planning to sell the condo I am having the same problem again. I am not sure if investors would be interested to buy the property. I can always rehab the property and sell it to folks who can reside at the property but I am checking to see if you can suggest any creative ways to sell the property as-is without any rehab?

Thanks!

Seetha.

Hello all

I see Indianapolis as strong cashflow market. However i am trying to understand the typical vacancy of the properties as well.

I have seen many houses out for rent, has it become tough to lease now a days? How is the rental market in Indianapolis currently? How long does it typically take to rent a 3BR 2bath home in zip codes 46226, 46229, 46235?

Appreciate any feedback!

Thanks!

Seetha

Thankyou Robert and Dave!