Shmuel Waldman
Help me analyze this Multi Family unit
15 February 2019 | 6 replies
33 Unit - Asking $4350000 - ( I believe I can offer $4120000)Building is %100 occupied Current Rental Income - $400380Total Additional income $20698ExpensesReal Estate Taxes $66,695Insurance $8,407Trash $3,534 Electric $2,375 Alarm Monitoring $666 Gas $18,749 Pest Control $1,135Water/Sewer $24,051 Landscape/Snow Removal/Cleaning $12,168Management $34,439 Repairs/Maintenance $16,000Cap EX $20019 TOTAL EXPENSES $208235NET OPERATING INCOME: $212843Dept service $195600There is a big rental upsideCurrently the average rent is 1042 per unitComps tell me that if I fix up units @$8000 per unit - I will be able to get $1300 average on a unit.Once all units are done over the building should be able to fetch $6m after 36-48 months
Jorge Leon Jr
25k lot build a 4plex?
24 July 2020 | 11 replies
It will reduce your debt service and allow the asset to cash flow better.I would also make sure to do long term rentals with 12 month commitments minimum.
Matt Connolly
Duplex Under Contract Near ODU
31 December 2018 | 7 replies
And yes, I require a parent or guardian to cosign and complete an application with their tenant.
Michael K.
Looking to network in NOLA
23 November 2018 | 5 replies
Feel free to reach out if I can be of service.
Brian C.
Small Business Administration
23 November 2018 | 3 replies
Has anyone taken advantage of the services offered by the Small Business Association?
Jessica Freesia
Lead Propeller and Investor Carrot - how does this work?
18 November 2018 | 0 replies
Why is this a subscription service instead of set up as a one time fee?
Mark Shelstad
Roofing and siding professionals
27 November 2018 | 5 replies
In the near west and north areas of the metro area I am finding very few professionals in the siding and roofing trades that will service investors.
Jimmy Dang
In your opinion, What is the best market near an Air Force base?
5 January 2019 | 37 replies
If you’re looking to rents to service members, be sure to get the information for whatever squadron they are assigned to.
Richard Lovering
Previous Fire home purchase?
19 November 2018 | 1 reply
(I have a background in fire service, victims' assistance and have flipped a fire-damaged house).How many units?
Pete Tam
RE license suggestion - thought
27 November 2018 | 3 replies
The tools for the most part are not real helpful it seems the brokers work deals with services based on budget not functionality and you still have to pay for them particularly.