All Forum Posts by: Tasha Mckoy

No, I'm not emotionally attached to this property.  It's in DC and the market here is crazy....I wanted to get in on what I thought might be a good deal.  It's been out there for 128 days and was hoping the seller would be motivated.  

I definitely don't want to just into something that is a bad deal.

My hope was to increase the rent 4.3% over 5-6 years to get it up to market value.

Correction Thanks @Joel Owens 

That's @Joel Owens 

I'm pretty sure the owner is asking way more for what the property is worth.  What price would make this deal work?

@David Hood I thought so too.  Let me call around...and adjust the number.

Thanks you guys.  

I'm sure the owner is asking for a lot.  That is why the property hasn't moved.  What should I offer to make the deal work?  $178k?

Joel,

Can you look at my deal?

Eads Deal

I think this is a better link to the deal.

Eads Deal

I'm interested in purchasing this 4 plex in my area. Its a 4 unit building with two separate addresses 5812 and 5814. Each side has two 1+1s.

Here are the numbers.

The owner is has them on the market at $139k each. She will do seller financing at 40% down. (this is what they are asking, but I should be able to work the numbers down)

The units are at rent control and total about $2154 a month.

Expenses are about $800 a month. The cap rate in this area is around 6%

How do I determine the value of the building based on the cap rate?

Is this a good deal?

Click on the link below for the spreadsheet of the deal.

Deal

Thanks for your help!

I'm interested in purchasing this 4 plex in my area. Its a 4 unit building with two separate addresses 5812 and 5814.  Each side has two 1+1s.

Here are the numbers.

The owner is has them on the market at $139k each.  She will do seller financing at 40% down.  (this is what they are asking, but I should be able to work the numbers down)

The units are at rent control and total about $2154 a month.

Expenses are about $800 a month.  The cap rate in this area is around 6%

How do I determine the value of the building based on the cap rate?

Is this a good deal?

Click on the link below for the spreadsheet of the deal.

Deal

Thanks for your help!

@Riley F. Wow...that's a great campaign.  How did you assemble your addresses?