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Results (10,000+)
Frank I. Need help analyzing NYC Multifamily mixed use deal
13 December 2009 | 0 replies
The building is in good condition.Lot Dimensions: 24.9x77.73Building Size: 5 stories plus basementProperty type: C7-Walkup over 6 families and storesNo. of Units: 9 (8 residential/ 1 Retail-bar)Gross Sq.Ft: 8,588Lot Size: 1,919Zoning: C1-8AAllowable FAR: 7.52 (currently 4.59)Additional FAR: 7,350 Air space rightsYear built: 1920 (major renovations and upgrades 1988)RE Taxes: $64,622Operating Income--------------------------------------------------------Unit|Tenant Status| Size| Monthly|Annual--------------------------------------------------------Basement (business)1919Ground (business)1919$19,991$239,8912Emonth to month2bdrm$3500$42,0002Wmonth to monthstudio$1800$33,6003ERent controlled1bdrm$140$16803WRent Stablized1bdrm$1140$13,6804Emonth to month2bdrm$3200$38,4004Wmonth to month1bdrm$2400$28,8805ERent controlled1bdrm$157$1,8845Wmonth to month1bdrm$2800$33,600Gross Operating income: $32,168 monthly and $433,615 annuallyExpenses-------------------------------------------------------Expense|Cost-------------------------------------------------------Taxes$64,662water$2,500fuel$10,000electric$2,500super$2,400maintenance$7,000insurance$7,350management (3%)$13,006Total expenses:$109,878Net operating income: $323,737The building apartments do need cosmetic and asthetic upgrades, I am told by the realtor that the upgrades run in total between 30k - 50k per apartment.current cap rate based on latest accepted offer: 5.9%least cap rate I am willing to accept to make an offer: 10%Real estate owner is also selling the bar that consumes the ground floor and basement of the building.
Bienes Raices Applicant had a foreclosure
4 February 2010 | 7 replies
You also have a customer with fewer options who has been psychologically roughed up by the financial sector...they will be easier to please.
Brandon Gadish Twitter Quantity vs. Quality
7 February 2010 | 7 replies
The question: Is it better to have a large quantity of Tweets that generally have not so personal or interesting information so your followers consistently know you are there, or are you better served to share original information on Twitter which will come at the price of fewer Tweets?
Rich Weese no recession for the Feds!! What a great comparison
4 February 2010 | 2 replies
In the private sector, you can do your job well, for a well-established company like Circuit City, KB Toys, Lehman Brothers, Saturn, or Gourmet magazine, and suddenly find yourself without a job for one of many reasons: changing consumer habits, a dramatic drop in revenue, new competition, reckless management decisions, or just bad luck.
Lafi S. Equator only for RE Agents?
22 March 2010 | 16 replies
Fewer headaches, easier to finance and much more lucrative.
Ted Harris 'Cash-in' refis growing in popularity
8 February 2010 | 0 replies
Now the pendulum in consumer psychology appears to be swinging toward reduction of household debt -- whether on credit cards or mortgages.This is a good trend, imo ... here's the full article link:http://www.latimes.com/classified/realestate/news/la-fi-harney7-2010feb07,0,4396828.story
Aaron Mund Lease Option Foreclosure
5 March 2010 | 12 replies
Aaron--the complete law can be found at the following link:http://www.whitehouse.gov/the_press_office/reforms-for-american-homeowners-and-consumers-president-obama-signs-the-helping-families-save-their-homes-act-and-the-fraud-enforcement-and-recovery-act/I found an article by AP that summarizes it pretty well here:http://www.msnbc.msn.com/id/30891380/Hope that helps!
Ryan Mertz 1st deal- MICHIGAN
5 March 2010 | 6 replies
With this deed they are warranting to you that they have all rights to the property with the possible exceptions of what they have disclosed to you and will be cleared up through escrow before the deal is consumated.
Timothy W. How to lose instant networking credibility
19 August 2010 | 38 replies
Attending networking events is also time consuming and can be costly.
Ben Walhood Mortgage from an REIT
22 August 2019 | 1 reply
Something like a 50% LTV with higher interest rates than the bank, but fewer loan qualifications.