All Forum Posts by: Zachary Gilula

 I'm checking to see if we're able to get a loan on a manufactured home, but generally I would look to get into a syndication (tax advantages, etc.) or private capital fund (10-15%) which is where I'm seeing we may be leaving quite a bit on the table.

 Thanks Jay. Is it possible to get a loan on a manufactured home in TX?

We bought a rental for cash about 8 years ago and it's cash flowed very well. I'm trying to evaluate if we should keep the property or sell it/1031 exchange into another investment, but I'm struggling to figure out how to do the analysis.

Initial Purchase: $65,000 (Cash)

Estimated market value: $250-270k - We'd clear $200-250k if we sold.

Current Rental Income (after expenses): ~$1,417

My gut tells me that we can leverage the proceeds into higher cash flowing investments, but I don't know how to do the math. Is there a spreadsheet/template you would recommend?

Hi everyone,

I'm evaluating the viability of a property that is an old gas station and I want to make sure I know everything related to it. It's been sitting vacant for up to 8 years and it's owned by the county because of unpaid taxes. I know the purchase price, but I have no idea what else I would need to spend to get this sell ready.

I've looked at the county records and can find various liens for weeds, rubbish, and nuisance, but I believe (not confirmed) there are environmental issues that is keeping everyone away from it.

How do I go about finding out if there are environmental issues to take care of and anything else that I would have to plan for in terms of rehab and outstanding issues? 

As a bonus, any suggestions on how to go about finding buyers for a property like this? It's in a high traffic area on a corner lot in an increasing metro area.

Thank you!

@Chris Lopez agreed! That’s a lot of why I walked away from this one.

There are always more opportunities :) Need to stay disciplined.

@John Patton thanks for that insight. Are you from that area? Do you work with some good people that know the area? I’d love to have some conversations with them.

@James Carlson 100% right. I bought one of the townhomes on 49th and Lowell (Primary) and this area is just fantastic.

The numbers were lean on the Tennyson property and outside of the emotional excitement, I was considering this a my “learning” experience.

I’ve been looking at rentals in “better” investor markets like Jacksonville, Kansas City, Birmingham, etc., so that’s how I’m considering my first investments.

If I’m going to part with $90k, where am I going to get the most bang for my buck to help me accomplish my goals.

Considering single-family - 4-plexes.

If you happen to have any other thoughts, would love to connect!

@Craig Curelop, @Chris Lopez, @Ray Hurteau, @Lina Yi

Thank you VERY much for the feedback. Both sides of the line are appreciated.

I've decided to pass on this deal. I went and looked at the place and it was felt smaller than the square footage, no storage, and no garage. For $375k, it just doesn't feel good and obviously the numbers are extremely tight. Thank you for walking me off the ledge!

@Craig Curelop & @Chris Lopez, it looks like you both are based here in Denver. I am actively looking for investment opportunities in Colorado so if you're open to connecting, maybe we can share thoughts.

Thanks to all!

@Craig Curelopundefined

I'm evaluating a rental deal in Denver and I'm struggling to balance my emotions and the numbers. Looking for guidance!

Deal:

1 bed, 2 bath, 698sf

Price: $375,000

Rent: $1,650-$1,750/mo

Property Tax Est: $166/mo

Home Insurance: $131/mo

Management Fees (No HOA): $75/mo

Goal: Long term hold, rental property. This is my first property that I would personally be managing. 2 minute drive away from my house.

I've been looking to get my first rental property and I live in an extremely desirable area in Denver. This townhome is in my neighborhood, on a great commercial/residential strip that I believe will continue to experience a ton of growth well into the future. I know the area very well. 

My initial models show that I would basically be breaking even on the cash flow, so this is a play on appreciation and my belief in the area.

It is also a new build with a 1-year warranty.

I'm struggling to overcome everything I've read about the 1% rent to home value rule of thumb vs. my personal belief in the long-term potential for this property.

I'm trying to balance the risk and long-term potential. What am I not considering? 

Thanks in advance!