All Forum Posts by: Johnny Khoury

Hello,

I am trying to build an ADU on top of my garage. The size of the ADU is about 700sf.

the pricing I have been getting from general contractors is 480$ per sf. I think that price is outrageous.

I can share the place if any contractor on here is interested. 

Thanks 

I am looking to invest in San Antonio, TX. What is the best area to invest in? and any recomendation on what kind of property to invest in.

I have experience in SFH in other states but thinking of going bigger.?

Thanks looking forward to hearing from you.

Hello guys,

I am looking from general help on how to calculate profits from a potential deal.

Asking Prince 100k

rehab 35k

ARV 140k

If you are buying this property , what would your offer be.

I am thinking of starting at 70k

property is in Cooper Young district memphis TN

would appreciate your help!

Thanks

Hello all,

I am back and want to start investing in SFH as a passive income.

I have 3 rentals in Las Vegas and I got them back in 2008 and have a great property manager that is making me a killing return.

Also, I bought 2 in Memphis but had a serious of bad luck so I walked away from those.

now that I am back on the market I am trying to find my next location to invest in. Vegas is too expensive and Memphis I will rethink it with the right properly mangers.

what do you guys think of 

1. Huston Tx.

2. Dallas Tx.

Thanks for your help.

Hi Guys,

I have been looking for Multifamily deals for a while now but nothing came across with good returns.

My questions are

what constitutes a good return for you guys 6% CAP Rate the Norm now?

should I start small 5 to 10 doors or go big 200 Plus

let me know what do you guys think and how did you guys start.

what to look for as a value-added and how to spot good deals

thanks for all your help in advance 

thanks

I need help analyzing this deal. to see if its worth it. my first time buying an apartment complex and not sure what to look for?

PURCHASE

Purchase Price: $ 499,900

Amount Financed: - $ 399,920

Down Payment: = $ 99,980

Purchase Costs: + $ 9,998

Rehab Costs: + $ 0

Total Cash Needed: = $ 109,978

Price Per Square Foot: $ 66.7

Price Per Unit: $ 62,488

RETURNS & RATIOS

Cap Rate: 10.7%

Cash on Cash: 17.3%

Return on Investment: 3.4%

Internal Rate of Return: 3.4%

Rent to Value: 1.3%

Gross Rent Multiplier: 6.5

Debt Coverage Ratio: 1.6

FINANCING

Loan Type: Amortizing

Loan Amount: $ 399,920

Loan to Value (LTV): 80%

Loan Term: 20 Years

Interest Rate: 6%

Loan Payment: $ 2,865 Per Month

$ 34,382 Per Year

ASSUMPTIONS

Vacancy: 5%

Rent Collection: Monthly

Appreciation: 3% Per Year

Income Increase: 2% Per Year

Expenses Increase: 2% Per Year

Selling Costs: 6% of Sales Price

Land Value: $ 0

PURCHASE COSTS

Total (2% of Price): $ 9,998

REHAB COSTS

Total: $ 0

I am trisected to get in to the SA Market, would love to meet some agents and propriety management to start vetting them.

if you guys know any one that might be a good fit with me please have them contact me

Mike give me more details on what you have  I might be interested 

Hi All,

What do you guys think of investing in San Antonio TX ?

Is it still profitable ? I heard that I am still able to get around d10% ROI on single family home with positive monthly cash flow

Thanks

hello,

an inspection report on my house came in with the following.

is this something i have to worry about 

There was a major crack (vertical) observed in the foundation at

the middle. The classification of major is any crack that is 1/4" in

width or greater. There was no major movement or settlement

observed. Since a single examination visit cannot determine if

movement has abated, these cracks should be patched by the

appropriate specialist and monitored. P-9

thanks

OK update,

I was reading Memphis state Law and they said i have to file an exemption every year for the state tax ?