All Forum Posts by: Jonah Christakis

Hey Alex,

Also located in Buffalo NY, I just recently started my Real Estate Journey. DM me let's hop on a call and chat.

Thanks

Jonah Christakis

Hello, Looking to acquire my first multi family unit. Please direct message me if you are willing to help me analyze this 4 unit. 

Thanks!

4 Units: 2 bed 1 bath

Purchase price $390,000

3% Down

Tax 6k

The year 1969

Building Sq Ft 5,292

This is an owner-occupied loan

2 out of 4 units are lightly rehabbed, and ready to rent, 2 non-rehab units have tenants, month-to-month been there for years.

All new electricity is metered out to each unit. Only one gas and water meter.

My plan is to diversify have two midterm rentals and 2 long-term to see how the mid-term rentals will do.

Mid Term rental comps say $1900-2000 per month, Mid-term is +30 days for travel nurses, I use $1750 because of the overhead required by mid-term rentals.

I believe for long-term summer rent you can get $1200 per unit, current landlord is marketing vacant units for $1175.

Not in Cincinnati. 

Greetings all,

I am in need of obtaining appraisals for two properties that are located in Cincinnati, Ohio (Zip code 45231). One property is a condo and the other is a commercial space. I am reaching out to this group in search of recommendations for experienced and reliable appraisers who could assist with this matter.

Any suggestions or referrals would be greatly appreciated.

Thank you in advance for your assistance.

Best regards,

Jonah