All Forum Posts by: Alex K.

Guys,  when you have interested renters do your run checks (credit/background) before a tour of the property or do you typically do it once they have viewed and express interest in moving fwd?

Haha that's fair @Andrew Postell.  Was just curious about others experiences and what has and hasn't worked - PM's I feel are hit or miss (yes have to find the right one...) but either way it's boots on the ground.

Was looking for some advice or feedback on how others are self managing their out of state properties?  I am specifically wondering how you find someone that can do showings as well as getting the property ready for rent from the time of purchase until tenants move in.  My property is only a few years old so not expecting significant maintenance issues- trying to avoid paying a PM 8-10% a month if I could.

Per the IRS your ownership pirce is determined as your = price per share x (# of shares you own / all shares outstanding).

Not sure how you would depreciate after arriving at the above.

anyone?

Yes I have that is actually the only literature I have been able to find online. I am confused, though - once you come up with the initial calculation, over what period of time do you depreciate the amount?

My understanding is for resedential units and condos it would be SL for 27.5 years however for coops the formula is a bit different.

Would anyone be able advise on how this is calculated? I read some stuff on the IRS website, but I found it confusing.

Hey Guys,

I am wondering if someone could advise on some metrics that would represent a fair deal, specifically on how to evaluate a price for a 3-6 multifamily rental property. I am looking for the annual rent be aout 8-10% of purchase price. Is this a fair assumption?
I understand there are many other issues to take into consideration such as various expenses, taxes, repairs, vacancy discount, cost of capial, ect.... Any metrics you guys can provide are much appreciated. Thanks

Can be a problem if it is a bad tenant, otherwise it sounds like a win win situation to me?

Just wondering what others experience has been with this type of scnario, as well as any comments and suggestions you can provide.

I am looking at a luxury re sale condo, for my permanent residence, in a private community, which is located in one of the less prosperous areas of town. With that said, the quality of this neighborhood has slowly been improving, and there is definitely a lot of possible upside due the centralized location and slow revitalization that has already occurred over the last few years. Who knows if it will continue and at what rate; I feel the downside in the quality of the area is limited, but who nothing is a sure thing of course.

With this said I am wondering what you guys can advise on buying such a property?