All Forum Posts by: Jonathan Taylor

@Stephanie Trevizo that helps, thank you. I was looking at the link @Matthew Paul posted. Is there a brand or company you have gone with that could give me a good cost breakdown?

Thanks @Matthew Paul

@Seth Ferguson we are in agreement about that. Thanks for the tips!

@Matthew Paul what are mini splits?

@Seth Ferguson I agree to trash those little do-nothing units, what would you suggest?

@Dennis M. In this market, 725,000 is a deal. It was listed at 850,000! The make up of the property is below.

Main house 3/2.5, projected rent:3000

1/1, current rent 824, projected: 1550

Studio, current rent 650, projected rent 1250

PITI is 4990, all in costs (cap ex, vac, repairs is estimated to be 5900).

Since I will be living in one unit this is still a tight deal and will not cash flow when Im there, but Id be living for little money each month and this will cashflow as the years pass. 

Hi BP Folks,

I just purchased a fourplex in Los Angeles and each unit has those little crappy in-wall units that hum annoyingly and kick out very little cool air. I am in an up and coming area and nice clean modern units go quickly so I am considering redoing the AC system but dont know much about it. What are your thoughts and experiences with AC systems?

Breakdown, 2 units are on raised foundations allowing for central heating/air but part of the main house (3/2) is a slab foundation along with the studio. 

Any guidance is welcomed

Thanks

JT

Welcome to the site! I agree, stick with the BRRRR strategy since it yields the best deals.

Good luck!

@Clarence Johnson What was your clients experience with NACA? My realtor, albiet determined and supportive, was pretty done with NACA clients once we closed due to the unnecessary head-pounding delays they caused us. It took a lot out of both of us. We ran out numbers and our break even point with the buy down was 4.4 years so once we hit 5 the buydown was worth it.

And thanks for the kind words, this is a tough market but not impossible. 

@Clarence Johnson Yeah.... its HUGE, thats why we are staying put for now. But as many experienced investors have told me, if the numbers work for the deal, then its a deal. Dont focus on the small stuff. I got my rate down to 3.375% 30 year fixed. 

@Jay Hinrichs Great tips all around but what is Section 121 money? I haven't heard that before, could you elaborate please?