All Forum Posts by: Kyle Brown

Purchasing my first duplex in South Jersey and am looking for advice as to how to get rental agreements and applications written up and reviewed? Is it worth it to get an attorney to do this or is it fine to write one up myself? I researched and reached out to attorneys in the area and their prices per document or per hour varies widely. How do I know if I am getting the best work for my money? Thank you!

Purchasing my first duplex in South Jersey and am looking for Real Estate Attorney recommendations in this area to help with creating and reviewing rental / tenant contracts. Thank you!

Immanuel Sibero thank you for explaining this from a different perspective, looking at the whole picture of the analysis and then picking out the red flags that appear is a great way to determine if the deal is feasible or not. I am picturing the four square model that consists of the income, expenses, cashflow, and cash on cash ROI. I want to get to know as much as I can about the analysis step before I get too involved and purchase multi families. Thank you all for the feedback!

@Jeff Copeland, thank you for the in depth explanation, makes perfect sense and now I know the importance of the cap rate. I only started considering the cap in my analyses now because I just started to look at multi-family properties with 3+ units. Prior was SFH and duplexes, but my scope has changed.

The property I am currently looking at is a 3 unit and listed at an 8% cap rate. With everything considered, the numbers work out to be pretty good in my opinion.

Thank you so much for the feedback and knowledge!

Hi Jody, thank you for the response, this was very helpful. I just don't want to get into a deal and then forget I didn't analyze an important factor. Seems like Cash on Cash ROI and Cash-flow are most important.

What are the crucial factors to look for when analyzing a multifamily?  How important is the time it will take to pay off the property? I recently started including the cap rate in my analyses to determine if the property could be a good deal.  I just want to make sure there are no loop holes in my analysis.

Hello, can anyone recommend a Roofing Company that does excellent work in the South Jersey area?  I am looking at a property and I need to get an estimate cost to replace the asphalt roof. 

Brady Pekas Christopher Phillips Thanks guys that's a huge help, I think I'll lock it in at 4.25.

All, I am in the middle of purchasing a duplex using FHA Loan and I am trying to lock in a rate. The past couple of days it has been at 4.25%. Is that a good rate or should I wait it out and see if it drops?

Hello, Can anyone recommend an exceptional home inspector in the Burlington County NJ area or know where I can find a good one? I am getting the FHA inspection done, but I have heard they don't check the entire house, so I want to get the home inspection too.