All Forum Posts by: Gaspare U.
Gaspare U. has started 10 posts and replied 225 times.
Post: [Calc Review] Help me analyze this deal

- Rental Property Investor
- Cranford, NJ
- Posts 245
- Votes 148
no info
Post: Raising Capital for 21 Condo Flip - Help me analyze this deal

- Rental Property Investor
- Cranford, NJ
- Posts 245
- Votes 148
What's there to analyze? There is no info outside of you figuring out a way to convert 66k into $1mm.
Post: New Investor Deal Analysis Advice

- Rental Property Investor
- Cranford, NJ
- Posts 245
- Votes 148
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Post: [Calc Review] Help me analyze this deal

- Rental Property Investor
- Cranford, NJ
- Posts 245
- Votes 148
I would add 10% more in expenses, vets on here use ~23% between Vac, Maint, CapEx. I don't see property insurance. And I would demand water bills to confirm that is correct.
Post: [Calc Review] Help me analyze this deal

- Rental Property Investor
- Cranford, NJ
- Posts 245
- Votes 148
I agree with @Peter R. the rate seems high especially paying for points. You must also consider the 1031 tax deferment to this equation.
Post: [Calc Review] Help me analyze this deal

- Rental Property Investor
- Cranford, NJ
- Posts 245
- Votes 148
1k sq feet is very very small for a 4BR home. Is this house 4 bedrooms, 1 bath and 1 kitchen? No living room/dinning room?
I personally would make repairs 10% as well. And if this is a fraternity there is no % for repairs. I personally would rather have 1 person as the tenant contact person. Put the gas, water, electric under their name and they then discuss it amongst themselves.
Post: Bad deal already purchased what next

- Rental Property Investor
- Cranford, NJ
- Posts 245
- Votes 148
I think you need to “think outside the box”. Selling it with owner financing is a great idea. I also think it will be slim pickings to find a handy man with poor credit and has $XXX to spend on renovations. They may need to hold it I think. And since it’s a reno job they can build it to suit.
Can this property be converted into multi fam? An office? Is there some land to rent out to contractors as storage/parking lot? Perhaps Air BnB? Solar Panels?
Post: [Calc Review] Help me analyze this deal

- Rental Property Investor
- Cranford, NJ
- Posts 245
- Votes 148
I like it as well. I like that you had Main, CAPEx and Vac at a combined 30%. Very conservative of you. Are the utilities paid by the tenants as well?
Post: Need help w/ Commercial Loan for mixed use

- Rental Property Investor
- Cranford, NJ
- Posts 245
- Votes 148
Originally posted by @Tim Johnson:
What state are you in?
What is the purchase price of the property?
How much down payment do you want to put down?
Couple more details and we i'm sure someone on here can help out
Down payment is typical 20% to 25% and depending on income docs your rates can vary. 5% to 10%. Net worth requirements, tax returns, financials statements DSCR all this will come into play
Forgive me, when I originally posted this question there was a field that asked for details and I wrote it all there.
I live in NJ, work IN NYC and the property is in the Carolinas. The price is less than $1mm. My father has a good amount of property all cash but for one (the 2 Fam home) and I own my home w/ mortgage. I show more income than my father. I can do this solo or as a team with my Dad (that's why I am offering his details). As always I would like to put down as little as possible BUT will take advantage of the better rate tier.
The property is a mixed building, 3 story w/ elevator. Class B from what I am told. 5 ground retail/office with 10 apartments above. And Tim thank you for the quick reply.
Post: Help Me Analyze This Deal!

- Rental Property Investor
- Cranford, NJ
- Posts 245
- Votes 148
Originally posted by @Jordan Noble:
@Gaspare Urso sorry this is accounting for 10% combined for all of those. Sounds like I might need to bump that up?
Yes, from what the vets here are saying 20-23%. Of course this just a guide.