All Forum Posts by: Eric Bentley

@Tim Herman, awesome. I actually tried the @ tag at first but it didn't appear so I edited the comment. Thank you for letting me know. Thank you for the info as well. I'm still learning all of the numbers, especially in my local market, and while I won't let that hold me back from trying to get a deal done, knowing this will definitely help me avoid some headaches starting out. I appreciate it.

Thank you, Tim. It was just an estimation based on similar numbers I've seen in other examples but I can definitely see it being low. Would you say it's best to average about about 10-12% for PM and 10% for capex or is that usually a ceiling conservative estimate? Also, do you think about 5% is a good estimate for the maintenance and vacancy on a 5-unit or should I increase the vacancy for a small building to be more conservative?

Thank you! Yeah, the commercial loan is kind of what I was thinking but like you at first, I'm not sure that's where I would want to start but I'm definitely open to the idea. My capital is limited at the moment so I will definitely need to get creative to get to that point.

Thank you! That means a lot.

Hello, everyone! I hope all is well.

My name is Eric Bentley and as the title says, I'm a new investor here in McDonough, GA. I have been listening to Bigger Pockets Podcast for a couple years now and I've finally decided to jump in and start my real estate investing journey. I'm excited about what's ahead! I'd love to connect with you all and give any help I can, especially as my experience grows.

Have a great day!

-Eric

Hello everyone! Hope everyone is staying safe! I'm a new investor in Georgia and I'm new to the BP forums. I have a property analysis here for a 5-unit apartment building in GA that I was hoping to get a review on to discuss ways I can improve.

This 5-unit is currently listed at $350k with $2,750 per month in current total rents, with room to increase those down the line. Based on my research, the current owning entity paid $206k in May of 2020 and I was unable to find any info on them rehabbing the property but it is in very good shape for the area. Because of their original purchase price, there may be some room for negotiation but just by these numbers so far without calculating the increase in rents, the profit and returns are pretty good.

Please let me know what you think. Thank you,

-Eric

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