All Forum Posts by: Nick Osborn

Hello,

Im working with a lender to refinance into a Fanny Freddy mortgage now that I have stabilized my 36 unit complex.

They have asked for a CAPEX schedule, and a T-6, in addition to the rent roll.

I imagine a T-6 is just a Trailing 6 month table that shows our rents, expenses all fully tabulated and organized into a summary table, but having a hard time finding documentation online to support that. 

I am also wondering what to show for CAPEX schedule, if it should be anticipated expenses in future or just show the past expenses, or should it just allocate $ for each month.

I want to make sure I am putting my best foot forward with this guy so I was hoping for some examples and feedback here.

Let me know!

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Hi All, 

I graduated SIUE and then left for a few years to work in Seoul, South Korea for my engineering firm.
In less than a year my fiance and I will be returning to the STL area with the plan of investing in real estate with my saved up cash.

I am trying to decide what the healthiest markets are for investing. I am also looking to meet some of you guys, because there is a wealth of knowledge and experience here that is hugely valuable.

I have family in Grafton, Troy, and Edwardsville, IL, so I'm partial to these areas. I also see cities like Glendale, MO and Chesterfield just taking off like there's no tomorrow.

I've narrowed it down to Edwardsville, IL but I'm still curious about the Missouri side markets. Seeing how much growth Saint Charles county has seen over the past decade is very tempting. 

Edwardsville has a really healthy rental market that always has more renters than inventory, due to the college students. It is also becoming a younger city every year, with college students growing roots and then just commuting over the river. It is seeing big increases in commercialization in the last 2 years, which is a great sign as well.

That said, Saint Charles County has a very healthy market, and even if I went to Saint Charles city, it looks like annual growth is higher than Edwardsville. 

Thoughts? Recommendations? Introductions?

Thanks,

Nick and Jessica