Make sure that any enhancements you do are in-line with other properties of a similar type.

The most precise and accurate way to calculate CapEx is to:List out all CapEx items for a particular property (Roof, A/C, furnace, appliances, flooring, hot water heater, etc...).Determine the approximate lifetime and replacement cost of each item.Determine the approximate useful life remaining for each item at the property.Aggregate this information to determine a monthly reserve amount.Obviously that's a lot of work, but it's an exercise that I recommend everyone who is new goes through at least once or twice on a property before making an offer.

A good learning exercise, if nothing else.You may also run into zoning issues.

If things are going smoothly, and we want to renegotiate terms with the seller, we may exercise our option and keep this in place for another 5 years.

I can read the words on the screen but I can't find even the illusion of coherency within what they posit.It's a pithy exercise in gobbledygook, it really is.

It depends a lot on the property type and your plan with the building.For example, for a typical multifamily building in NYC, you might gets 5+5, 7+5 or a 10 year quote over a 30 year amortization (the '+' meaning that your initial term of 5 or 7 years is at a fixed interest rate and after that initial term is over, you have the ability to exercise an option to either fix or float the rate for an additional 5 years).Tell me more specifically about the asset and I may be able to point you in the right direction!

My philosophies on life and business would be present in that life>work/money, but hard, smart work and money can enhance life.

@Tanya Lam  exercise care when your a lender or money partner. a couple of quick things to do when vetting someone your going to do a deal with and your the money.1.

Maybe I need to exercise my muscle of understanding debt better.  

Hello, I have 36 one bedroom units and I am looking to enhance my rental income by installing a washer/dryer combo appliance in each of the units.