All Forum Posts by: Tyler Rusomaroff

I have some lists that I use like a typical pre checklist before purchase and a checklist for rehab then one to finish and list. Looks like I should just get more detailed with them.

Thanks for the reply.

Hi Bigger Pockets, I am searching for some great organizational tools for project coordinators/asset managers/ flippers. This year I have bought and rehabbed 16 houses and I am set up to do double that or more next year. Organization has always been a weakness of mine and I have a feeling it is going to cost me some serious money in the near future.

I would love to hear from you guys on what you use to stay organized, whether it be old school notebooks or a software you love or even just tips you would like to share. 

Thanks!

Hey @Account Closed I really appreciate you taking the time to educate me a little on these types of properties. This is the first time I have worked with a subsidized multifamily and there are so many factors to determine what is a great deal and what is not.

"Good decisions are made one at a time"

@Account Closed I would love a chance to help you guys find properties. I am a wholesaler here in Jax and I have a pretty good feel for the market here. Send me a DM or go to my profile to see my website.

I would love to share some knowledge of areas to look at and some to stay away from.

@Alina Trigub This property is about as Turnkey as it gets. Please shoot me a DM and we can discuss further

Here's an extremely rare opportunity to purchase a well run and well maintained 40 unit multi-family complex an hour outside of Orlando in booming Lake County. The government subsidized property consists of 8 concrete block buildings with a total of 40 units. The mix includes (13) 1/1 units with 529 square feet, (16) 2/1 units with 666 square feet, and (11) 3/1 units with 1000 square feet. Utilities are partially paid by the owner with the majority covered by a monthly utility allowance. All roofs are being replaced this month. The property comes with a 20 year HAP (Housing Assistance Program) contract with approximately 15 years remaining, providing automatic rental income from the start. One unit is currently vacant and being rehabbed and the other 39 units are performing. This property has always had a waiting list of HUD-approved tenants ready to rent. Current yield is 9% to 10% and with a booming rental market and regular rent reviews, this yield can continue increasing.

@John Lenhart @Adam Johnson Thank you guys for the advice. Hopefully I can get something worked out, either way I will update this post so in the future it might be able to help somebody out.

@Zach Quick I am going to have a conversation with him tomorrow and see if he can get some more info for me.

Thanks everyone who replied, you have all helped out a lot.

@Greg Dickerson Thanks for the advice. I am going to do some more DD and see if I can come up with a good offer. They did give me financials some financials. 

Thanks @Adam Johnson, I do have a due diligence written into the contract, It's just hard to find the right price to offer without knowing the details. I don't want to offer asking price then realize its worth 50% of listing price, then have to go back for a massive reduction. Unless this is the norm?

@Greg Dickerson Thanks! I am aware that the NDA does not grant me permission to the property, and is really just to keep the information private. However, the NDA  is stating I cannot have any contact with the seller and any questions I have are to be directed through the listing agent.   I will ask for an onsite inspection, that seems to be the best way around this.