All Forum Posts by: Account Closed

Guifre thank you for the insight regarding the commercial Vs. residential property. Technically, this is not a NNN lease, but a pro rata share of the expenses; electric, water, taxes, snow, main. Etc. I need to question who is responsible for HVAC, roof, etc. Building does not seem to be financially viable, but I will re run the numbers with your input and see where they land. Thanks again.

This could be my first opportunity, Am I missing anything in this Common area maintenance property ?

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

Also in the Waukesha/Milwaukee area and newer to investing. Looking for any help or mentoring I can get to get secure my first deal; duplex or quad with a 10-12% initial cash-on-cash return hold property. 

Daniel, I am trying to get started in these two areas looking for my first investment opportunity.

You know what you paid for the property, you have a good estimate of the rehab cost, and now you need some good comps to know what you can sell it for. With this information you should be able to determine if the cost of another appraisal will be helpful to BRRR the property Vs. Flip.

I just watched a good overview video from BiggerPockets that maybe helpful to newer investors regarding expenses including CapEx. check-it-out  https://www.biggerpockets.com/intro-to-rei/expenses?save=1 

This is all great input, thank you all for the discussion input and I am sure it is well apprieiated by many existing and newer investors out there. 

Tim thank you - these look like good guidelines to manage expenses. Also good advice in the planning and consideration when placing an office.

Erik thank you for your great response. This is exactly what need to be discussed more, how to plan and protect an investment. Good advice.