All Forum Posts by: Tushar Shah

Hello BP!!

I wanted to checked if anyone has worked with RealEstateDone4u as a turnkey provider in Indy market? Any other recommendations for Turkney providers in Indy market?

Tushar

Hello I am an out of state investor looking for buy and hold at Muskegon area. Could anyone living in this area provide any insights on Muskegon area - recent developments? I hear its becoming more  and more difficult to find good deals in GR area and investors are now focusing Muskegon. Any insights on this would be helpful.

@Stephanie Wolf - Welcome to BP. If you need any insights on Chicago market - please feel free to reach out.

@Fernando E. Hey Fernando - did you end up investing in Indy? What provider did you go with and why?

@Lee Warren Hey Lee, did you settle on a turnkey provider? I am in the market too looking for a good turkey provider - any info would be great.

@Cory Gardner Hey Cory.. I am based in Chicago and looking at the Indy market. What kind of returns are one getting in Indy market currently - what neighborhoods do you recommend? 

@Paul Hitchings Hey Paul, how does one go about finding addresses/contract details of the owners?

@Yulia J. - Thanks Yulia. I didn't think about garbage removal.

@Patrice Boenzi Thanks Partrice. Does one end up getting positive cash flows with these estimates? I am in red after putting in these estimates.

Hello BP!!

I am analyzing a three unit multifamily near the new west side/University Village area. I wanted to get opinion on what estimates do we need to make the following:

1) Vacancy - I was thinking of estimating 5.0% of monthly rent

2) Repairs - I am thinking of estimating 100 per unit - so 300 for three units

3) Capex - Was thinking 5.0% of monthly rent

Most of the buildings I am looking around are approximately 20 years old and tenant occupied. The building overall (atleast from the ourside) appears to be a pretty good condition - however I do not think the roof/heaters etc have even been replaced. How does one go about estimating these expenses?

4) Property Management - No clue - was thinking around 5.0% of monthly rent

5) Utilities - Tenant plays everything except water - I was thinking 100 per month ( I have no clue of water costs in Chicago)

6) Taxes and insurance - My realtor would be able to get me these estimates 

I also wanted to check if there are any other expenses I need to factor in. Also, I have been reading about this 50.0% rule on many forums. How accurate is this? I make negative cash flow with this 50.0% rule.

Any opinion on this will be very helpful.

Thanks in advance.   

@Leo Ferreras Hey Leo - Please do let me know if you end up finding a solid inspector. I am too looking for a 3unit in the west side and if my offer goes through I will need an inspector.