All Forum Posts by: Jaycee Greene

 Good luck on that! That's a slam dunk deal if you can close on it!

Hi @Nancy Orvin Brumby, welcome to the BP Forum! For something basic and free, you might look at one on this site: https://www.multifamily.loans/apartment-loan-forms-and-templ.... I haven't used this T12 file, but I've used other ones from the site and they are usually pretty good.

Per your message, do you mind if I send you a connection request/direct message?

Good for you! You may want to keep this on the "down low"...or more developers/builders might move to Boise! :-)

 Consider yourself lucky with having great GC's - that's most of my clients' issues. Wish I knew some P/E companies in your area! Good luck.

Hey @Chris Preone, welcome to the BP Forum! Based on those numbers, yes CoC return is "accurate" but I wouldn't say it's "reasonable"...in fact, it seems VERY high. Others who focus on CoC (I focus on IRR and EMx) will probably comment as well, but most "good" CoC returns are in the 6%-10% range.

Out of curiosity, did you buy the property for $75k and is the ARV $130k?

Hi @Samantha Suero, welcome to the BP Forum! Would you mind sharing any details about your townhouse? There are many people here that can provide guidance, the more you can share, the better the guidance!

Got it. Are you a lender or are you looking to be a broker/consultant for borrowers to help them find lenders? If you're a lender, I might have some borrowers for you depending on your U/W requirements.

Awesome, @Zach Matson. If I did my math correctly, on a 3,600 SF triplex where you buy the land for $150k, you generate a gross profit of about $84k (based on a $140/sf build cost and sale price of $205/sf), before you pay interest on any borrowed funds or closing/commission costs. Is that in the ballpark?

Hey @Raj Vardhan, welcome to the BP Forum! How soon will you have a signed lease after you're finished with reno? I've worked with bank lenders in my market that forgo the holding period if there's a lease in place. What's the ARV and rent you expect?