All Forum Posts by: William Hughes
William Hughes has started 13 posts and replied 21 times.
Post: [Calc Review] Help me analyze this deal
- Posts 27
- Votes 1
*This link comes directly from our calculators, based on information input by the member who posted.
Hi. This property is located between the Lower Greenville and Old East Dallas neighborhoods of Dallas, TX, zip code 75206. It is a new construction consisting of 5 attached townhomes. Each unit is approximately 1405 square feet with 2 bd/2.5 ba. Financing is 50% down with a 5% interest rate. Are my estimated expenses accurate? Am I under or over-estimating certain items? Any advice is appreciated.
Post: [Calc Review] Help me analyze this deal
- Posts 27
- Votes 1
*This link comes directly from our calculators, based on information input by the member who posted
Hi. This property is located between the Lower Greenville and Old East Dallas neighborhoods of Dallas, TX, zip code 75206. It is a new construction consisting of 5 attached townhomes. Each unit is approximately 1405 square feet with 2 bd/2.5 ba. Financing is 50% down with a 5% interest rate. Are my estimated expenses accurate? Am I under or over-estimating certain items? Any advice is appreciated.
Post: [Calc Review] Help me analyze this deal
- Posts 27
- Votes 1
*This link comes directly from our calculators, based on information input by the member who posted.
Hi. This property is located between the Lower Greenville and Old East Dallas neighborhoods of Dallas, TX, zip code 75206. It is a new construction consisting of 5 attached townhomes. Each unit is approximately 1405 square feet with 2 bd/2.5 ba. Financing is 50% down with a 5% interest rate. Are my estimated expenses accurate? Am I under or over-estimating certain items? Any advice is appreciated.
Post: [Calc Review] Help me analyze this deal
- Posts 27
- Votes 1
*This link comes directly from our calculators, based on information input by the member who posted.
Hi. This property is located between the Lower Greenville and Old East Dallas neighborhoods of Dallas, TX, zip code 75206. It is a new construction consisting of 5 attached townhomes. Each unit is approximately 1405 square feet with 2 bd/2.5 ba. Financing is 50% down with a 5% interest rate (I have private funding). Do my numbers make sense? Any advice is appreciated.
Post: Expense Budgeting for Large MFH vs. Small MFH Properties
- Posts 27
- Votes 1
@John Dean Thanks again for the input.
Post: Expense Budgeting for Large MFH vs. Small MFH Properties
- Posts 27
- Votes 1
@John Dean Do you have any advice on how one might begin defining such a process?
Post: Expense Budgeting for Large MFH vs. Small MFH Properties
- Posts 27
- Votes 1
@John Dean I appreciate your advice! Thank you.
Post: Expense Budgeting for Large MFH vs. Small MFH Properties
- Posts 27
- Votes 1
Hi. The rule of thumb for estimating CAPEX and Repairs/Maintenance is from 5-15% of monthly rent. Does this rule of thumb hold up for larger multifamily properties (above 4plex)? For example, would a 10-unit apartment complex still have CAPEX and Repair/Maintenance costs of 5-15%, or would it be a lower percentage due to scaling of costs over more units? Any advice is appreciated. Thanks!
Post: Elk Hill Area in Dallas (N Carroll Ave/Rusk Ave/Cabell Dr)
- Posts 27
- Votes 1
@Austin Sine @Kenneth McKeown Thanks so much for the info!
Post: Elk Hill Area in Dallas (N Carroll Ave/Rusk Ave/Cabell Dr)
- Posts 27
- Votes 1
Hi,
There's a lot of new MFH construction in the area, with many old homes being sold for tear-down value. There's a good mix of old and new MFH's. I know that there is a $2.5 billion mixed use development (The Central by JPI) in the works off 999 N. Carroll Ave.
I have three questions:
1) What else (if anything) is driving this new construction?
2) Is this area worth considering for a MFH investment (based on a criteria of 5% COCR, purchase price of $500k-$2 mil), or are there better areas to consider?
3) How can I learn more about this particular area to understand it better?
Any advice is appreciated.