All Forum Posts by: Dennis Wasilewski

The monthly payments will affect your DTI but not significantly. I would recommend sitting down with a banker before doing anything drastic.

Agree with Jason. What if you need to bring in mgt? That would be your cash flow right there.

The $200 per door # is after taxes, expenses, vacancy, maintenance, property management and mortgage. That’s harder to achieve that it sounds.

You should use the BP calc, or another one, and factor in all expenses, including PM fees. Then look for cash flow of $200+ a door. Ultimately you may chose to spend the maint cashflow another way and plan to use a LOC to handle issues but that expense should be counted when figuring out if the property is cashflow positive or not.

Normally there is a balloon due at the end. The expectation is you pay it in cash or refi the property with conventional financing.

Oops. Misread your comment. Thought your payment was $650!

You should determine the monthly cost for property taxes, insurance, repairs/maint, capex & maybe vacancy. Does it need any rehab before new tenants? It seems like this won’t cashflow.

https://knowledge-leader.colliers.com/mike-cobb/the-different-types-of-commercial-real-estate-leases/

Sounds like he has trade lines that were charged off or when closed the payments were zeroed out. Either way, bad news.

That language doesn’t mean anything. It’s a checkbox when you post an ad. Plus, that’s to discourage you from spamming them about something unrelated... this is tangentially related to their post.