All Forum Posts by: Snehann Kapnadak

@David M.@Account Closed

Thanks all for the replies! Basically I'm trying to model out the prepayment costs a the time of ReFI with an IF-THEN statement. I'll have the ReFi loan amount. So IF the prepayment penalty is based on Yield Maintenance, then the Total Prepayment Penalty = the Loan Amount x the [5%-4%-3%-2%-1%] of the year I ReFi? So 5% if I ReFi in Year 1, 4% in Year 2, etc.

Do I have that correct? I know it's hard to visualize on this forum. I appreciate the help.

Hi All

Hope you're staying healthy and safe. Was wondering if anyone knew how to model out the prepayment penalties lenders have on MF properties? Yield Maintenance and Stepdown. The spreadsheet I'm using doesn't take these into account, so I want to try to build this out. Any tips or insights?

Much appreciated.

Hi All

Hope you're staying healthy and safe. Was wondering if anyone knew how to model out the prepayment penalties lenders have on MF properties? Yield Maintenance and Stepdown. The spreadsheet I'm using doesn't take these into account, so I want to try to build this out. Any tips or insights?

Much appreciated.

Hi All,

Hope you and your families are staying safe!

Does anyone have experience working with North Terrace Property Management in Kansas City? Particularly for a larger multifamily, not so much for single family. Feel free to PM me if that's easier. Any feedback/responses would be much appreciated.

Thanks in advance!

@Veeral Kurani I have Northpoint managing my property. It's been almost a year. So far so good, no complaints. They've been on top of getting in touch with tenants on rent collections, given all that's happening with C19.

Thanks all for the responses! Much appreciated. I'll PM directly.

@Michael Masters Thanks for the breakdown, it's brilliant! Do you know if there are any Excel models that cover the prepayment penalties in full detail? I'm trying to model it on my analysis spreadsheet. Thanks in advance and sorry to hijack the thread!

Hi All,

Hope you are staying safe! Does anyone have a recommendation for a property management team in Leavenworth, KS? I'm looking for a team that's experienced in multifamily in that market. A team that's also experienced with working with tenants who are service members/active duty.

Please let me know, thanks in advance!

@Jeremiah Akindele I agree with everyone's general sentiment on how you shouldn't pay the 40k. But I also want to congratulate you on taking the first small piece of action by attending the seminar in the first place. Many people sit on the sidelines and don't do anything and then they let time fly by.

My thoughts on the 40K is that you should spend it on a mentorship program...but later in the future when you've had relative success. I think spending the money to take your biz to the next level can be worth it, but not now as a beginner when money is tight (I mean that generally, not making any projections to your specific financial situation). There are some great mentorship and mastermind clubs for relatively successful investors that could be beneficial down the line.

Thanks for the insight and clarification @Doug Smith! I'll check out your article.