All Forum Posts by: Mario Brown

@Julie Silvestro what are upfront cost for landlord? ( per door average)

@Hunter Gore shoot me a shout. What part of town is it in? 

This is super late and an update, PlyGem recently came out with a set of vinyl "dark bronze" windows that definitely accomplish the look otherwise achieved by a black aluminum clad window.  Not the exact look but definitely a middle ground  if project budget doesn't allow for the black aluminum clad. 

just charge your tenants a monthly water bill based on the average. For a 3-plex I would not invest what is $1,200 per unit in my market for sub-metering. 

@Hadar Orkibi good points. I love N.Z by the way, I was just in the North Island for a few weeks in January. “good on you mate” 😃

As I begin the process of refinancing a couple of buildings that I have successfully repositioned, I’ve been a little skeptical of using the cap rate in the original appraisal. 

My Question....

Assuming the building’s conditional rating remains the same. ( Example, purchase a C+ building and it remains a C+ building)  is it....

Highly Likely,

Likely, 

Unlikely or 

Highly Unlikely 

....that the the next appraisal for the refinance will use the same cap rate? It's only been a year, so let's assume the market is still trading this asset class at the same capitalization rate. In other words, before going through the whole refinance song and dance, can I just capitalize the increase in NOI by the same rate used by the original appraiser to get a pretty close estimate of value OR are there other factors that could dictate the cap used by the refinance appraisal?

@Gino Barbaro I have 80 units spread out in one market, I think I know the answer but would that be less attractive to a cable  provider or would they value 80 in one property the same way the would if those 80 doors were spread across 4 properties? 

I Agree with Todd, I woukd kill for that type of increase for just 4K per unit.  

@Todd Dexheimer I’ve got a deal that I am considering refinancing a 36-unit building I have, would love to use Freddie for a 30 year fixed product. In my general research it seems that loan value needs to be over 1 million & I subsequently would need to have a net worth equal to the loan amount. Am I missing something or is my preliminary research correct? 

@David Clinton III curious, did you secure your refinancing?

@Kelvin McLaurin Nelson Galbreath, let me know if you need a direct contact at the firm.