All Forum Posts by: Peter Sosnow

@Dave Rav. Goal of $200 -300 per door, but I’m not cash flow positive yet. Using other income sources for now while I reinvest real estate cash flow back into my portfolio.

@Victor Baronich. I am having similar experiences with maintenance and capex and also scaled rapidly for me with 18 small C class multis properties in 4 years. For me, it’s one budget and the costs have been 2x more then expected, however a good portion of these expenses are intentional upgrades to increase rents, which has worked, but I am still overall negative cash flow. I love depreciation, so I also look at my results on a after-tax basis, but I am likely not buying any additional properties until I get a better sense of my overall costs. I am hopeful that as I make intentional improvements and good repairs, these cash needs will stabilize and I become better at operating these properties. If I am unable to improve my cash flow, I guess one option is to sell and become a passive investor. DM if you want to chat some more about this topic.

When calculating annual returns or some say total annual returns, what do do investors generally include for gains: net income, depreciation and equity appreciation, less costs/expenses: initial equity, closing costs, refi costs, capex? Curious about formulas when I see IRR, CoC and others what exactly is included, especially depreciation which I find is such an important part of real estate investing. Thanks in advance for sharing formulas, thoughts.

Bill, I am interested in participating.  Thanks for organizing.  Peter

@Kevin Romines

Kevin, I am very interested in the Fannie loan for my 2-4 unit multi family properties in Connecticut. how do I find a Fannie lender to help me apply for that type of loan?

At this point, I would wait to see if anything comes from the Stimulus/rental assistance bill.  It seems that holds more promise for landlords then the courts.  

@Vincent Ponte

Check when their lease expires and then inform the tenant you are not renewing their lease. Tell them you are making improvements to the unit to avoid a more difficult discussion. If they don’t vacate, reserve some funds for an eviction.

@Zachary Feldman

Are you still looking? My property manager may be interested.

@Christopher Kolasa

Ask a lawyer for an eviction quote and ask the seller for a credit at closing or place in escrow for any eviction related expenses for a period of time post close?

Good post.  I would suggest going forward since it seems as though you have a good understanding of the situation, but you must be the type of investor to handle challenging tenants  I generally move forward based on the my comfort of the financials/opportunity knowing that I can manage through tenant issues.