All Forum Posts by: Adam Harper

@Ryan Johnson I think it’s greater fifth ward.

@Sean Reilly I don’t know Houston and don’t know what MUD means. The complex is a mile from downtown Houston and a short walk to Bayou.

@Sean Reilly thank you. Tax is, according to sellers, 2.7% of the appraisal price by the county, which is a lot less than the asking price. I see you appraise commercial building in Houston, is that that true in Texas? I know in Fort Lauderdale the county tax 2.2% from the purchasing price.

@Nancy Bachety I can speak from a customer’s POV. If I travel from far away, have sick child, or any inconvenient hand dealt in that trip, you would be my hero, and I’m very likely to be a repeat client. Why charge a few hours extra and lose a potential repeat stay? It’s just business common sense.

@Brian Alfaro yes it’s turnkey according to the sellers. They ensure me that monthly repair is less than $200. I factored in 10k just being conservative. Don’t need it according to them. Again , they’re sellers, I don’t take their words for it.

@Ryan Johnson it’s in pretty good shape as I can see from the pics. 5 units are newly added values.

Would you do this deal? It's an 8-unit rental. Any Houston commercial expert advice would be greatly appreciated! Not sure if my numbers are accurate regarding insurance and tax.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

@Scott Wolf, I reran the numbers. It got worse.

@Kent Clawson I did factor the estimate tax in and that’s how I came out with $300/mo CF.