All Forum Posts by: Shan Radhakr

Hello,

Does anyone have insight into the current trailing (T12/T3) cap rate for 1980's multifamily property (100+ units) in DFW?

Thanks

Shankar

Thank you @Account Closed  Have you done this kind of transaction?  If so, I'd love to have a quick chat with you.  Thank you. 

Thanks for your suggestion @Livia Adams.  

Sure, @Livia Adams, let's say the purchase price is $5m. The buyer has secured a loan for $3.0m for the deal. The remaining equity needed is $2m. The buyers have $1.5m and are short by $0.5m. The Seller is interested in leaving up to $0.5m as a preferred equity/debt as long as she doesn't have to pay tax immediately on the $0.5m that she doesn't receive on closing.  How should the deal be structured to not trigger tax payment for the $0.5m that she is leaving on the deal?  This is the exact situation.  

I wanted to ask a quick question to see anyone here has bought a property where the Seller is leaving money out of the deal's proceeds in the deal? I'm trying to figure out if the Seller will be taxed immediately on that money if they never touch it and it remains in the deal.  The Seller is not interested if there is immediate tax payment.   

If anyone has done something similar, I'd like to get some insight on how the deal was structured.  

Thank you. 

Shankar

We seek well-qualified, experienced, and motivated individuals for the following positions in our apartment in Baton Rouge.  

1. Leasing Assistant/Manager 

2. Maintenance Tech or Lead (HVAC certification required)

We offer a market-leading compensation package with a generous signing bonus and rent subsidy.  You'll be a part of a great property management team in Baton Rouge.   If you are interested or know someone who might be a good fit for the above roles, please DM me.  If you refer someone who is hired, there is a referral bonus.  

Hi @Robert Rixer

Here is the link to the article on underwriting multifamily.  Thanks for letting me know that the link is missing.  

If you are interested in the underwriting process and financial model for multifamily, I recently published an article on LinkedIn that breaks down the end-to-end process that we follow to determine the purchase price range for properties.   I look forward to feedback and comments on how the members of this group approach underwriting.  

We have invested in Louisiana.  Here is our experience:  There is considerable potential to manage a yield-bearing asset, but as @Alice V. mentioned, insurance costs have soared, to $1,250 per door.  In addition, hiring qualified personnel for maintenance/office is a challenge and maintenance/repair costs are also higher when compared to Texas.

Thanks Harry.  Messaged you.