All Forum Posts by: Aman S.

Thanks @Frankie Woods . My lender is telling me to use 43% magic number for Operating expenses and then debt service to calculate the Profit before depreciation and taxes. I have been told 8% is a good cap rate to shoot for. 

I am looking at multifamily deal in Washington DC (NE and SE) . Five different buildings with total 32 units. I have rent estimates on these units. For single family rentals I typically do 1% rule, that is my purchase price can't be more than $150k for $1500.00 monthly rent. Is there a quick analysis formula for multifamily? See the attached picture for rent estimates i.e . Is there a percentage of gross rent typically used for operating expenses to calculate NOI (i.e. income before Debt payment)? I have good experience in single family homes but new to multifamily. Any advice/suggestions?

Thanks

Aman Singh

Can anyone share a letter of intent to purchase a  MHP? 

Thanks

Aman Singh

703 722 6285

Thanks Rachel!

Thanks Curt and Josh. 

Thanks Josh. What is .6 in your formula?  Are you assuming 10 Cap?

I am looking at a MHP on East Coast. Good area, nicely maintained park. Public Water and sewer. Do you see any red flags, issue in following numbers? Based on current cap rates, what do you think value can be? Thanks. 

GM

Can anyone share a letter of intent they have used to make an offer on a Mobile Home Park?

Thanks

Aman Singh

[email protected]

In Maryland I tried checking the court records and landlord tenant court cases are not there

Does smart move check the eviction records also? Thanks