All Forum Posts by: Kim Wendland

@Jennifer Pauyo Hello Ladies! 👋

Hey There Christopher,

Wow, it's hard to realize that you are asking the same questions we were in April 2019. We were blown away by Tyler and his team back then. He literally opened our mind up to an entirely different business opportunity than we even knew existed. In these short years have built a fantastic team in Quattro Capital, closed 10 apartment complexes during the global pandemic and continue to love collaborating with the whole Multifamily Mindset team. 

If you're interested in multifamily real estate investing, Tyler's a great one to introduce it to you. 

There are some real charlatans out there. But Tyler operates with total integrity and high values. Plus he and his team genuinely want to help people succeed in both life and business. You're welcome to reach out directly if you would like to talk.

Hope you enjoy the weekend! Give him a big hug from me. :)

Kim

@Marlen Weber Hi There, I posted this question to several dedicated multifamily Facebook groups. Here's the best practice. Assume that the sales price will be the appraisal price within 3 years and multiply the tax rate * the sales price to calculate tax. Assume 3.5% increase per year. Add $10k per year expense for appraisal dispute. Hope this helps others! Would love to meetup in person if you like.

Hey Underwriting Gurus investing in Texas!

Given that Texas property taxes are valorium based (i.e. value based) and that the appraisal of property generally increases each year, how do you project property tax increases in your underwriting?

As a resident, I'm very aware that property tax increases can vary dramatically year to year. For example, it may rock along several years increasing around 5% then suddenly rise higher. One year in particular, it increased 22%. So, I'm trying to be conservative and allow for increases, but also don't want to kill deals being too conservative.

What is your best practice?

Great post! And super convicting. I don't spend enough time networking on BP. Thanks for calling me out! Let's connect!

We are a third generation family real estate investment group made up of three women and one man who happens to be the third generation and is the youngest. My mother, the first generation, was the visionary businesswoman who understood the value of real estate! My sister and I are both involved as well. 

@Daniel Dietz Never heard back. But I found the Google Podcast app works. It may work on any podcast app.

@Khoa Ha Never heard back. But I found the Google Podcast app works. It may work on any podcast app.

What CapRate do you want? Here's the San Jose statistics:

Rates as of: 04/09/2019

Oh Hey There, I didn't see the revised numbers. Sorry about that. Most of the questions still apply though.

Hi Faysal, hope your due diligence is going well. I do have a few questions before I can form an opinion.

- what are the closing costs beyond down payment?

- what is the cost per sq ft

- what is the age? when was the last reposition? I ask because that will completely drive your maintenance budget.

- do you have a marketing budget?

- do tenants pay utilities?

- do you have rent roll and T12 from seller?

From what I can tell of the data shared, the key metrics seem ok:

- CapRate 10.8%

- Debt Coverage Ratio 1.92

- Cash on Cash Return 12.62%

I think these could be overly optimistic though depending upon answers to the questions above.

Regardless,

Good Luck and Happy Investing

Kim