Matt T.
Multifamily Deal Analysis
While researching a hypothetical deal, I came across an 18 unit building that seems to be vacant. After much Googling and many phone calls, I tracked down the realtor/property manager involved in this building. It see...
Account Closed
Multi-Family/Commercial Building Deal! Need input!
Hey all! Check out this deal I came across and let me know your thoughts on it! I did this at the assumption I would be purchasing the asking price!Info: 3-1 bedrooms, 1-2 bedroom, and a commercial spaceRents: I assum...
Christopher "Bear" DeSanctis
DSCR Ratio - how is NOI estimated
Considering that DSCR = NOI / Debt Service and NOI = Gross income less operating expensesWhen institutions are looking at operating expenses for a new purchase, how are they calculated? For example, if we know the g...
Justin Escajeda
WHAT do i do about the balloon payment? Good deal?
I hope I can get some good feedback, thanks in advance..Ive been negotiating with a mh park seller for a couple months on a park on a very populated highway with new development emerging around it. That is not why I ...
Rod Coleman
how to get good offer prices, finding good comps, correct repair estimates, and formulas to crunch the numbers.
I am fairly new but what i have so far in my learning is that u can pretty much find comps anywhere but that doesn't mean there actuate, and as far as estimating in some book and programs they tell u to pick a number,...
Justin Nothem
WB-24 Option to Purchase Agreement ?s (I apologize its so long)
Hello,I will first give you back story then the questions.I have recently started to dabble into real estate. I came across an opportunity to purchase a property that I am leasing for office space. The property has tw...
Paul Wilcox
Mentor & Student Team Close 104-unit in Virginia
Investment Info:
Large multi-family (5+ units) commercial investment investment in Chesapeake.
Purchase price: $9,250,000
104-unit multifamily, mix of 1, 2, & 3 bed, completing 60 unit renovations ov...
Josh Wood
How much too offer for REO/Post foreclosure bank owned home?
How low do you go when making an offer to a bank on a REO Property? I am looking to flip a property in West Michigan. However, in my opinion, the bank is asking way too much for a property in which they own. They are ...
James Syed
Buying a Fourplex
Hi everyone,
There so many formulas / equations when it comes to buy an income property, such as cash on cash return, cap rate, debt coverage ratio, break even ratio, gross rent multiplier, price per unit, p...
Scott Pigman
Does John T Reed's formula for positive cash flow make sense?
A week or two ago there was a discussion regarding the 50% rule based on this "positive cash flow" article by John T Reed (actually Reed uses 45%, but that's neither here nor there for my question).In the article Reed...