All Forum Posts by: Richard Sindell

Bob,

That's great information, I really appreciate that you're sharing knowledge of rental vs values with me!

Thanks.

Richard

Bob,

I see how you arrived at the 11.9  I check out the comps in the area to see what similar properties are going for... would that be the correct thing to do?

Hi Bob,

Thanks for your response! Yes, the $62, 400 is the total annual rents for the 4 units. They rent out at $1300 per mo. right now. Not sure how you calculated the 11.9 figure. Also please tell me what GRM is. I'll talk to the owner in my bldg. re the monthly expenses.

Hi Logan A,

The property is near Crenshaw Blvd. and the 10 freeway.

Hi Everyone,

I'm new to investing and need some guidance.  Can anyone please help me?  The president of my condo association has a 4 unit bldg. in the Los Angeles area that she selling.  The total income is $5200 mo. and the Mortgage is about $2500 per month.  I don't yet know what any of the other expenses are but I can find out.  She told me she's asking $745k but is open to offers.  That puts the Cap Rate around 8% based on an about $ 62,400 of annual income.  

How do I figure out if this is a good deal?  I know I need more information..

If anyone can help me out, I'd really appreciate it.

Thanks!

Richard