All Forum Posts by: William Hughes

Hi,

Does anybody have insight as to what the market is like for MFH investments in Sulphur Springs? I'm trying to get a feel for the area and figure out if it's worth investing there.

Hi,

Does anybody have insight as to what the market is like for MFH investments in Sulphur Springs? I'm trying to get a feel for the area and figure out if it's worth investing there.

 Hi,

My name is William Hughes, and I'm looking to connect with fellow BP members in the DFW area. I invest in larger MFH properties. Looking forward to interacting with everybody on the BP forums!

Sincerely, 

Hi.

I am seeking 5+ unit MFH properties in the DFW area, and was wondering if anybody had off-market listings or potential deals they would be interested in selling or advertising. Perhaps you're a realtor, wholesaler, MFH owner, or somebody looking for an investor. My criteria are as follows:

- $500k-1mil

- Building no more than 40 years old

- 5+ units

Please reply here or send me a pm if you'd like to discuss further. Thank you for reading my post.

Regards,

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Hi,

I analyzed a large multifamily property, and was hoping someone could review my numbers and see if they make sense. As you'll see, the forecasted cash flow is negative; I'm not considering buying this property. It's more for practice that I analyzed it. I used 5% for borrowing costs.
Here is a short description of the property:
Built in 1962
Fully renovated interior & exterior -- recently installed a new roof and has re-surfaced and re-stripped parking lot.
Each unit separately metered for electric. 15 Units total.
Unit Mix:(5) 1bd/1ba - 753 SF(2) 2bd/1.5ba - 1,089 SF(8) 2bd/2ba - 1,100 SF

I've attached a copy of my projections, financial statements provided by the seller, and an excel spreadsheet explaining how I calculated income, utilities, property taxes, etc. I based most of my estimates off the seller's financial statements.

Do my income and expense estimates appear to be reasonable? What are your thoughts? Any advice is appreciated.

@Simon W. Thanks for the answer!

@Matt Clark Thank you for answering!

Hi. I had a question about T-12 income statements provided by the seller. Is vacancy expense usually already accounted for in the top line rental income number? I never see vacancy as a separate line item, so I'm assuming it's already factored in. Any advice is appreciated. Thanks!

Hi. I'm analyzing a property, and was wondering if anybody could help me understand the rental income line item in the financial statements. I've attached screenshots of the rent roll and income statement. As you can see, many of the tenants are section 8. There are big spikes in section 8 income in Sept. 2019, Mar 2020, and Jun 2020. Does anybody know what might be causing these spikes? Is it something to do with how Section 8 works? Any help is appreciated. Thank you!

@Alex Grosvenor Maintenance was 5%, Capex 5%, and Vacancy 8%. Since it's a new construction, I basically just assumed a property tax rate of ~2% of property value. This was mainly a practice deal analysis. I really do appreciate you giving me your advice. Thank you.