All Forum Posts by: Jim Growfer

@Leo Poon

true that Leo. i would be doing a value add but i still believe it is too low now from the feedback ive been getting :)

@Evan Kirkpatrick Thanks Evan that definitely helps

@Richard Sherman

Thanks Richard.

I just took a quick look at their website.  lots of information on there it looks like

@Theo Hicks

Good thinking theo!  i may be asking a property management question now ;)

@Robert Leonard

thank you robert. so if i do 100% of the purchase price *.07.... if anything that will just give me a more conservative number as far as financing goes, correct?  Bank financing is going to be cheaper financing than 7% for the rest of the 75% lending

purchase price is $2mm.

25% downpayment is 500k.  

Is 7% interest on his 500k + a 60/40 split on whatever cashflows after that a fair deal?

@Richard Sherman what if i'm still learning the TX market? If the numbers make sense than i would deeper analyze the market that it's in specifically. 

I don't want to be managing the property, thats why i dont care where in the USA it is, as long as the numbers and the area makes sense. 

Does that make sense?

@Theo Hicks is 16-100 units too broad?

@Jason D. i though cap rate doesnt matter if its not cash flowing. I am looking for a value add i should definitely add that. 

in reality its anywhere in the usa as long as its a good deal. i figured since im reaching out to TX brokers i should keep it to TX 

What is a good CoC return rate on a 20 unit multi family @Paul Bowers