
12 January 2020 | 0 replies
I'm looking for a 3rd party company to execute a Utility cost savings analysis on two smaller Multifamily assets in Cincinnati (11 units) and Indianapolis (32 units). Not necessarily looking for RUBS or any sort of u...

13 January 2020 | 6 replies
.$2900 (rent) * 0.6 - $1790 (mortgage: Not clear if this included full PITI but if it does the 0.4 should be reduced) = -$50/month (cash flow negative but I believe the mortgage includes full PITI so …)Lets assume the $1790 include insurance and property tax and that those two equal 10% of the rent ($290/month - I have no idea what prop tax and insurance costs where this RE is located so I used 10% even though my current prop tax/insurance to rent ratio is ~15% and that is with some prop taxes far below value).$2900 * 0.7 - $1790 (mortgage with tax and insurance) = $240/month.Lets use $250/month * 12 * 10 = $30K (versus $90K).If we use 15% for prop tax and insurance to rent ratio$2900 * 0.75 - $1790 -$385$385 * 12 * 10 -= $46.2K (lets use $50K)$111K + $50K = $161K.

19 January 2020 | 3 replies
This would most likely reduce a gain (if sold) down the road, and increase your depreciation deduction annually.

15 January 2020 | 2 replies
My thought is that I can increase the Heloc on the property once the addition is complete to use toward my next purchase.Pros:- Total cost in the end is far less than any other option (by over $100k)- Monthly payment is reduced by $900 after 11 yearsCons:- Can’t pull money to make another purchase until apartment is constructed, (if the market will still allow).

26 January 2020 | 10 replies
I would imagine you have employees and systems in place to help reduce these factors but what has the outcome been so far?

16 January 2020 | 2 replies
Unfortunately in my case (and seemingly yours) the options were limited to reduce the capital gains tax impact.

16 January 2020 | 11 replies
Reduce overhead: stop eating out, move somewhere cheaper, drive a terrible car, cut cable, sell your TV, etcMake more money: get a job promotion, work overtime, flip homes, deliver pizza, etcDetermine what is your highest dollar producing activity and do it as much as possible.

2 June 2020 | 29 replies
Doing that was the only thing that has reduced the smell, so I'm 99% sure the smell is not coming from the finished space.

17 January 2020 | 9 replies
I do not allow pets- I have now renovated 5 of my past pet-friendly apartments and they leave a lot of damage and some that you do not see on first blush or that can be temporarily masked with a good cleaning.I am a minority in my market and it significantly reduces my applicant pool.
17 January 2020 | 1 reply
Possibly a reduced cost because perhaps the agent offers a reduced commission to seller.Cons of using listing agent--1.