I am looking for a green apartment deal analyzer. if anyone have an excel pro form feel to share or any recommendation on available softwares.

Thanks

What I was able to do was borrow against the equity in the first house , $60,000 then paid cash for the second house $10,000 renovate the second house for $30,000 put $ 20,000 into my savings account and rent that house out I then went back to the same bank and applied and recieved a Home Equity loan of $ 50,000 , with the cash from that loan I bought a third SFH about 30 miles away in Schenectady,NY for 27,000 I fixed it up for an additional $19,000 and rented it out for $ 725 now I want to keep doing this , the loan officer did mention that if I were to form a corporation and put the 3 properties into it that they may lend to the corporation has anyone had any experience with transfering ownership ?

It can be found here:Pro Forma For Small ApartmentsMaybe if we ask really nicely Phil will finish it off ;-)

If you do decide to form a Corp or LLC have the attorney draw up the docs for the first one, even though it is more expensive than doing it yourself.

I think just buying a few properties will not do it.You really have to go in there and buy up blocks to clean up.Then you are making an impact that can start effecting change.If you have just a few houses renovated on a street it will be very hard to convince only but the bravest of tenants to go buy a war zone to get to where they will live and sleep at night.I see this affect with apartments in nicer areas much less war zones.I would get with the owners of the other buildings and try to form a coalition to turn things around.

That is a "crushing it" deal you landed.With section 8 paying you will ride the government gravy train.Paul you haven't said if you will be buying all cash.I don't like the fact the house is from 1973.You have to worry about lead based paint and the EPA instead of being built in the later years.You have to worry they just put lipstick on it.Remember many of these companies do not care about you they just want the check.A connection should be formed with someone local to the area wanting to form a relationship with you that will last generations and help you get into good deals where you will not be into trouble down the road.I can tell you just 3 to 4 years ago getting houses for these prices was unheard of.It will not last forever.

To be on the safe side, try to get property A rented out, and also have a nice pro-forma on property A pulled together, so they'll be more comfortable counting the NCF from that property.

It's hard for a new investor to form a relationship that would allow them first choice on the MLS.

The data you sent over does not look complete to me and it is difficult to tell if these are actual numbers or pro forma estimates.

You need to see currently from an unbiased third party who is just getting paid to complete a report what the real value of the property is in today's market if you were to liquidate it.Once you receive that information that will help you to form a basis on how to proceed (re-rent, sell and possibly take a tax loss, etc.)Hawaii to NC with room and board of the trip is thousands of dollars.