Chris Muller
Deal Analysis - opinions from experienced commercial investors
21 April 2021 | 5 replies
This was confirmed by polling renters in the area, rental listings, property managers and other investors in the area.Current numbers (from previous listing/current owner):Purchase Price: $715,000Gross rents: $60,000Vacancy (3%): $1,800Effective Gross RentsExpensesProperty Tax: $7,000Insurance: $4,500Waste removal: $3,000Snow removal: $1,200Maintenance: `$4,800Utilities (Common area, laundry etc): $3,800Water & Sewer $5,800Property Mgmt (8%): $4,800NOI: $23,300Numbers once property has been updated and brought up to market rents - rents are based on mid-low end of the rental range.Purchase Price: $715,000Gross rents: $105,000Vacancy (5%): $5,250Effective Gross RentsExpensesProperty Tax: $7,000Insurance: $4,500Waste removal: $3,000Snow removal: $1,200Maintenance: `$5,250Utilities (Common area, laundry etc): $3,800Water & Sewer $5,800Property Mgmt (8%): $8,400NOI: $60,800Closing Costs:Inspection$2,500Appraisal$2,000Environmental Study$2,500Land Transfer Fees$12,000Lender Fees$10,000Legal Fees$4,000Lender Fees$7,000Total$40,000Renovation work: Units need cosmetic work, some electrical, and BB heaters replaced with mini-splits.
Jaylen Boswell
Why I are a lot of people against wholesaling?
29 November 2020 | 22 replies
I just had two deals that were brought to my vendors for me to fund.. and both cancelled day before closing.. because of liens and judgements.
Drew A.
Duplex sale. Buyer won't release escrow. Broke contact. Holdover
27 November 2020 | 0 replies
I was conversing with them via text and voice each day, and they never brought anything up.
Kyle Simmons
First Commercial Office Space Buy and Hold
27 November 2020 | 0 replies
I brought about 5k to the table to close and will contribute about 15k in renovation costs as well.
Kyle Simmons
First Commercial Office Space Buy and Hold
5 May 2021 | 2 replies
I brought about 5k to the table to close and will contribute about 15k in renovation costs as well.
Chris Huang
Handymen recommendations in Jacksonville FL?
20 December 2020 | 9 replies
I wish you would of brought that to my attention instead of seeing this on a forum.
Jason Malabute
PEOPLE SAY I INSPIRE THEM BUT IN REALITY THEY (YOU) INSPIRE ME!
29 November 2020 | 1 reply
I see myself as just a man who is trying to survive and create a better life for my family despite having limited resources.I post my day to day routines and business operations on my instagram so my audience can learn with me as we go through the ups and downs of real estate investing.
Nina Granberry
I'm a Newbie Investor that's gone from 0 - 5 Doors in 5 months!
2 December 2020 | 38 replies
He lives in GA and brought the other two people together to form our team of 4.
Maxim K.
Tenant demanding before paying rent
4 December 2020 | 30 replies
It seems like they have brought up these issues before with no success so they feel that a financial incentive may get you moving.
Aaron White
Learned a lot, Major gut job that I still have as a rental
30 November 2020 | 5 replies
He brought me the deal and it met the criteria I wanted and in the area I wanted.