All Forum Posts by: Himanshu Jain

Thanks Ryan appreciate it.

I am looking for some recommendations on contractors in St Louis area. I am starting on a 3 BR 2 Bath single family rehab work. Please let me know if there are any recommendations.

HJ

I am looking to rehab a 3 BR 2 bath single family home in St Louis area. Looking for some good contractors for following activities Flooring, Painting, Kitchen & Bathroom remodeling, Electrical and Plumbing.

HJ

Ravi,

Did you find someone who can help you with this? I would like to know more about this too. Please share more if you can.

Thanks

I think it would depend on the what kind of manager you are looking for and what would the cost be of having such an onsite person, will they be doing any support/maintenance activity too or would need  supporting staff. I have seen people working with as low as 20 units with an onsite manager/maintenance person, I think you can be pretty creative with who you use for this and how you compensate them.

I have read that many a times state has a guideline on how many units should have an onsite manager.

I am talking to a seller that has office space that he owns free and clear. He wants out and is open to creative financing. The office space is around 3500 Sq Ft and his not leased out right now. I am looking for what creative financing options can I present it to the seller so that it is win win for all. I will use part of this space and the rest I will lease it out. Also, what would be a good way to estimate the price for the property with  (90 -100%) seller financing.

My understanding is that most of the times such properties are distressed properties so you have to really do your due diligence upfront, and then if you are experience value play investor. I think it is worth a try. I have been watching such properties and they usually go at much higher prices than the starting price.

I like propertyevaluator a lot it is simple to use and provides with good output that can be shared too via email etc.

Nicole - I can help and share my experiences with you.

Himanshu

I think it is fine to start big as long as you have a good property manager and a real estate agent with some good experience on multifamily (5+). I like 5+ units simply because of the economies of scale that makes use of property manager more feasible, especially when you want to be hand off on the property management side.

Himanshu