All Forum Posts by: Andrew L.

Thanks Bryan. That helped a lot.

I have searched this site. Please direct me to the thread.

In regards to multi-family properties only in the 2-15 unit sized properties, day in and day out, what metrics/ratios do you use when analyzing a potential deal or determining how long to keep a property/when to sell?

Look at my posts. I've posted like 3 or 4 on here that people did not like.

I am managing myself. So I can use 40%??

the*

I am turning deals down left and right because of this rule. Is anyone in te same boat??

List Price: $128,500

Unit 1 Rent: $800

Unit 2 Rent: $800

NOI: $$9,600 (50% Rule)

Debt Service: $9,016 (20% down @6.25% on 20 year ammo)

What would you offer on this? This property is Section 8 housing. Seller has indicated that he has not had any issues with the housing authority and that money is debited to the checking account.