All Forum Posts by: Ceasar Blackman

Major action = Major success @Account Closed Congrats on the move !!

@Brandon Ingegneri So it paid off in the end anyway. Cant beat the cost ether. 

@Brandon Ingegneri great turn around. I like the strategy you used putting the for rent sign up very early on and collecting their contact information. My question is did you end up renting to one of those leads ?

Congrats bro, your success really is inspiring. Keep up the great work !!! Im curios about the purchase price, the repair or update budget and how did we find this deal ? I want to try running some of the numbers myself to see if my numbers add up. Trying to better evaluate a project like this. @John Cohen

Only real advice would be view the property yourself and have a solid scope of work. In sales we say buyers are liars, in real estate sellers are liars. I would never trust what a seller considers cosmetic. Plus once you view the property and have a solid scope of work and pictures maybe your list of buyers get narrowed down to the serious buyers. Less people to show. Just my 2 cents 

Question for anyone that can chime in on this type of property. I know when talking about cap rates and such that usually applies to commercial apartments and someone would only pay based upon the NOI currently. Since this is a 4plex would the same rule apply ? Because if i understand the OP correctly one unit is under priced and two units are vacant and the other is a mystery. So would the current vacancy dictate the price to be based on what its currently bringing in ?

just messing around trying to work this out, how were you thinking of financing it? What would you guess to be the renovation cost? 

Thanks @John Cohen all by accident i happen to hear the podcast you did with @joefairless can't deny your work ethic. 

I heard your from Queens, Im originally from Rosedale, not too far off. 

Syndication really has started to interest me, for someone that has not done any deals in RE is it worth trying to put something like this to start off ? Or cut my teeth on something smaller and get a track record going ? 

I would defiantly need to find a mentor to learn some different strategies 

Congratulations on the deal!! Great thread thanks for all the good responses. Defiantly gets my wheels turning 

Also @Joe Fairlessdo you have a complete break down of every step of a process like this on your end. I don't really care for knowing your personal stake in something like this. Just so i can learn and hopefully structure something like this in the future. I believe i have a network that i can work with but understanding some of the minute details so when i do make a proposal i have all bases covered. Or can direct me where i can find one ?