All Forum Posts by: Moty Wall
Moty Wall has started 4 posts and replied 18 times.
Post: Looking to Purchase my 12 unit deal in Columbus, OH
- Cincinnati, OH
- Posts 29
- Votes 3
Beacon on Broad
Post: Have Great Credit? Available: GAP and Down Payment Funding
- Cincinnati, OH
- Posts 29
- Votes 3
please send your marketing flyer to:
Post: Back By Popular Demand the Lease Option & Wholesaling Q & A
- Cincinnati, OH
- Posts 29
- Votes 3
I would like to join, however I am in Europe for awhile and the time difference is too big.
Is there a way I can get the transcript?
Post: Am I analyzing numbers correctly?
- Cincinnati, OH
- Posts 29
- Votes 3
Assuming all your expenses are accounted for, you will have, according to your numbers a yearly return of 885x12=10,620$ on investment of around 320,000$ ( 20% down).
That is around 3% cash on cash. BAD investment!!
No go!
Post: Questions about multi-family investment
- Cincinnati, OH
- Posts 29
- Votes 3
How about investing in Cincinnati, OH?
I can give you leads over there.
Send me direct message.
Post: Would you do this deal?
- Cincinnati, OH
- Posts 29
- Votes 3
I haven’t seen management fees. If you such fees your cap rate will be less. you must recalculate.
Post: Cincinnati Multi-Family Rentals
- Cincinnati, OH
- Posts 29
- Votes 3
Originally posted by @Jake Walroth:
@Brian Mahon you may want to reach out to NRL mortgage, if your credit score and income requirements suffice, the Cincinnati Port Authority has a grant that will pay your entire down payment(must be in city of cincinnati- so not NORWOOD).... but I was able to buy my first duplex this way for $0 out of pocket. Justin Allen at NRL mortgage is worth a phone call for sure.
Believe credit score above 720 and income must be below $100,000(w-2).
Give me a shout if you have further questions.
Post: MF Cash Flow - Columbus vs Cincinnati/Cleveland
- Cincinnati, OH
- Posts 29
- Votes 3
I am invested in Columbus but mostly in Cincinnati. I started in Columbus investing in SF. The reason I moved my investment funds to Cincinnati is that I found a very good property manager in Cincinnati.
My point is that there are properties everywhere but the most important factor must and should be the management team!!! A good manager will make you happy. Bad manager, even if the property is B class and up, will make you regret.
So, first look for the right manager and the rest will come.
I hope this helps
Post: 5-Plex in Florida Analysis & Input
- Cincinnati, OH
- Posts 29
- Votes 3
The loan is fixed for 5 years. At the end of this term I’ll have to return whatever is left of it or refinance it. The important thing is that the amortization of the loan is 25 years which leaves more cash to you. You can easily check it with mortgage calculator and see how much you can actually make cash on cash.
I hope it’s clear enough.
Post: 5-Plex in Florida Analysis & Input
- Cincinnati, OH
- Posts 29
- Votes 3
Sorry, 45% of the gross would be more or less your expenses