All Forum Posts by: Tushar Shah

Hello I am an out of state investor looking for buy and hold at Muskegon area. Could anyone living in this area provide any insights on Muskegon area - recent developments? I hear its becoming more  and more difficult to find good deals in GR area and investors are now focusing Muskegon. Any insights on this would be helpful.

@Stephanie Wolf - Welcome to BP. If you need any insights on Chicago market - please feel free to reach out.

@Fernando E. Hey Fernando - did you end up investing in Indy? What provider did you go with and why?

@Lee Warren Hey Lee, did you settle on a turnkey provider? I am in the market too looking for a good turkey provider - any info would be great.

@Cory Gardner Hey Cory.. I am based in Chicago and looking at the Indy market. What kind of returns are one getting in Indy market currently - what neighborhoods do you recommend? 

@Paul Hitchings Hey Paul, how does one go about finding addresses/contract details of the owners?

@Yulia J. - Thanks Yulia. I didn't think about garbage removal.

@Patrice Boenzi Thanks Partrice. Does one end up getting positive cash flows with these estimates? I am in red after putting in these estimates.

Hello BP!!

I am analyzing a three unit multifamily near the new west side/University Village area. I wanted to get opinion on what estimates do we need to make the following:

1) Vacancy - I was thinking of estimating 5.0% of monthly rent

2) Repairs - I am thinking of estimating 100 per unit - so 300 for three units

3) Capex - Was thinking 5.0% of monthly rent

Most of the buildings I am looking around are approximately 20 years old and tenant occupied. The building overall (atleast from the ourside) appears to be a pretty good condition - however I do not think the roof/heaters etc have even been replaced. How does one go about estimating these expenses?

4) Property Management - No clue - was thinking around 5.0% of monthly rent

5) Utilities - Tenant plays everything except water - I was thinking 100 per month ( I have no clue of water costs in Chicago)

6) Taxes and insurance - My realtor would be able to get me these estimates 

I also wanted to check if there are any other expenses I need to factor in. Also, I have been reading about this 50.0% rule on many forums. How accurate is this? I make negative cash flow with this 50.0% rule.

Any opinion on this will be very helpful.

Thanks in advance.   

@Leo Ferreras Hey Leo - Please do let me know if you end up finding a solid inspector. I am too looking for a 3unit in the west side and if my offer goes through I will need an inspector.

@Andrew Johnson Ah Ok. The MLS listing does not show sq ft information for some reason. My agent is inquiring and finding out more. The assessed value did provide sq ft information. But as you said I will try and see if they tally up. Thanks for the tip.