All Forum Posts by: Brian Blatz

Hi @Account Closed,

The taxes came from the county website.  They have the appraised value of the property at $266,300.  As far as your other questions; I just don't know at the moment.  What is the cost of replacing a tenant?  Is 1/2 a month's rent generally a good number to use?  I am honestly guessing with the PM costs as I have no idea what the going rate is.  What is a good number to use to plan?  

Thanks for your insight.

Good evening all. 

I am still learning and analyzing but want to get into MF units. One thing I am having a hard time with is ARV vs cap rate especially when financing is involved. I understand cap rate is NOI / purchase price and is used to compare properties. How do I go about finding the ARV though for refinancing after doing some repairs/updates? I'm sure it's a simple answer that I am overlooking.

On that note does anyone have any feedback about the below linked analysis? It's a 14-unit on the market for $500k. Report is based on purchase price of $450k. Expenses (electricity, garbag, water) are based on the T12 included in the listing. Now that I think of it I forgot to include landscaping costs. $181/mo per the T12.

View report

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

Thanks!

I appreciate the feedback and input guys.  

@Tim Herman I included your figures for vacancy, repairs, and CAPEX. To get a cash flow over $400/no I would need to purchase the property for $160k. Listed price is $199,900. Seems unlikely but won't know until I ask.

View report

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

Good morning everyone.  I have been reading reading and reading to learn as much as I can about investing in real estate.  It's time to get over the "analysis paralysis" I think and start taking action.  I'm looking at getting into multi-family properties and wonder if some of you experienced folks would mind looking at this deal.  What am I missing?  How can I better account for expenses?  This property is a four-plex, built in 1964.  Updates are unknown at this time.  This is in a good area of town, a "B" neighborhood, with shopping, restaurants, schools, and parks nearby.  

Thanks!