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All Forum Posts by: Tony Blaine

Tony Blaine has started 7 posts and replied 49 times.

Post: Capex To Raise Rents

Tony BlainePosted
  • Specialist
  • Las Vegas, NV
  • Posts 50
  • Votes 14
Originally posted by @Nick L.:

Your order of priority should be:

1. Anything that is a safety issue, in danger of collapse or required by your lender or insurance company. For example a hole in the roof.

2. Anything that would make the difference between a target tenant renting or not renting. For example adding onsite parking if all your competitors already have one, or taming a jungle that makes the property look uncared for.

3. Additional work that attracts target tenants and brings higher rents or lower expenses. Rule of thumb would be if the additional monthly rents are 1% or greater of the cost. For example new appliances, dishwasher, in-unit laundry, more efficient HVAC/water heater.

A lot of items are going to be grey areas. For example you might have some older paint that is not terrible but would look better if it was touched up. In that case I would view competitors online or in person and make sure your quality is at least as good as theirs.

Great Points Nick. Can you give me another example of point #3 just so I can make sure I understand. Let's say putting in new stainless steel appliances for $2,000 for example. I'm assuming you're saying that this could increase rent by $20 monthly, therefore per unit increase at $240 annually. If this was a 10 CAP, then the increase in value of the property would be $24,000 per unit for a $2,000 investment in appliances per unit? Am I following you correctly on this?

Looking forward to hearing about it in the future, Jonna.

Post: Capex To Raise Rents

Tony BlainePosted
  • Specialist
  • Las Vegas, NV
  • Posts 50
  • Votes 14

In your experience for those who have at least done a couple CapEx Multi family investments, what has been your primary focal point when evaluating what to improve on a property to increase rents? Do you look at exterior or interior first? What interior improvements do you look for first to upgrade? Infrastructure, Kitchens, bathrooms?

What exterior improvements on a multi family does your eyes focus on when visiting a potential investment? Ext paint, roofing, pool area, landscaping, pavement, etc?

I understand this could depend on your area and target clientele, but would love to hear opinions from those valuable BP members who have a history of experience in this field.

Is there a way you can broadcast online on say...via UStream to target out of town people? I think you would have better turnouts as I would have loved to attend through a live stream. Just a thought.....thanks

Post: Coming to Las Vegas from Monday to Friday

Tony BlainePosted
  • Specialist
  • Las Vegas, NV
  • Posts 50
  • Votes 14

Hey Raj, I'm a local of Las Vegas for the last 12 years and I'm into the Multi Family sector here. If you need anything, I can help or direct you to the right people. Send me a message when you have the time.

Post: I will give 50% owner financing of the second mortgage at 4.5%

Tony BlainePosted
  • Specialist
  • Las Vegas, NV
  • Posts 50
  • Votes 14
Originally posted by @Rafael G.:

Hi :) I will give up to 50% second mortgage as owner financing,all you need is to Come up with 50% first mortgage(quite easy form any lender.(basically I'm helping you to do zero down deal) I have good management in place

 Rafael, not nearly enough information provided here....for what property are you offering this for? 

Post: Hey! I am new to Bigger Pockets!

Tony BlainePosted
  • Specialist
  • Las Vegas, NV
  • Posts 50
  • Votes 14

Welcome Sjalin, this is a great community with a lot of knowledge in all areas of RE investing. It's made a world of difference for me since joining months ago. I upgraded to PRO within my first week and I love the benefits of the tools and education in the forums as well. Make sure you go through the education materials available to you. Best wishes in your RE journey.

Post: Help Evaluate a MF deal for me! DFW

Tony BlainePosted
  • Specialist
  • Las Vegas, NV
  • Posts 50
  • Votes 14
Originally posted by @Veena J.:
Originally posted by @Tony Blaine:

Hi Veena, I'd be willing to take a look at it for you and give you my opinion. I evaluate minimum of 5 MF props per week and I can put your property through the process I use and share my honest opinion on the property. 

 I would really appreciate that! I'll send you a message first thing in the morning if that's ok?

 Sounds good Veena

Post: Help Evaluate a MF deal for me! DFW

Tony BlainePosted
  • Specialist
  • Las Vegas, NV
  • Posts 50
  • Votes 14

Hi Veena, I'd be willing to take a look at it for you and give you my opinion. I evaluate minimum of 5 MF props per week and I can put your property through the process I use and share my honest opinion on the property. 

Post: Up to 35 yr. Fixed Bank Rate Products w/ Partial Doc

Tony BlainePosted
  • Specialist
  • Las Vegas, NV
  • Posts 50
  • Votes 14

Great post Sean, thanks for posting. Very helpful as always