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26 July 2013 | 2 replies
Get seller to subordinate a couple of doors to make it easier to get the money you need in first position.
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1 August 2013 | 30 replies
Also, I actually forgot to check the windows, but the external doors were original, so the windows probably are as well.
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26 July 2013 | 4 replies
Looks to me like you would get about $715/mo or $120/door cash flow and a cash on cash on 15%, so looks like its worth an honest peek at buying it to me.
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27 July 2013 | 3 replies
When I apply an honest 50% rule, the monthly NOI on 3 doors is $188 ($62 each) and it would take 92 months to recover my cash.
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9 December 2013 | 26 replies
Freeing me up to see the big picture.Opening the door to new ideas via a ton of books from Amazon.
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17 May 2012 | 8 replies
Check electrical circuits, brakers go bad over time, see if anything has been added like extension cords strung through the garage off one circuit or the wrong cord strung outside to a patio.
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22 February 2016 | 13 replies
Same tenants who take their shoes off by the entry door when they come inside.
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12 October 2012 | 13 replies
Kevin,A 7 unit is a tougher sell.It's just over the 5 unit threshold but not many lenders like to play int hat space because of the small fees they make.When you go up in unit size and price more lenders are in the marketplace for multifamily.What was your 7 unit priced at per door??
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31 May 2013 | 63 replies
Jeff: not sure if the dryer was electric I don't think it was gas.It appears the alarm system did not go off to warn of fire only when fire dept broke open the doors.
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7 September 2022 | 14 replies
IMO, what makes those houses look better without knocking them down, especially 1950-1970s houses in CA, is upgrades in windows, doors, and exterior hardscapes.