25 September 2018 | 5 replies
You'll want to create a pro-forma (cash flow projection) for both the multifamily section and commercial section separately, then combine them in a summary pro-forma.
1 October 2018 | 3 replies
I would start with local banks that should be more motivated to loan on revitalization projects in your area.
28 September 2018 | 6 replies
I am in the beginning stages of just trying to use the resources here to figure out what neighborhoods make sense in the most basic of terms.
20 September 2018 | 25 replies
I suggest you are projecting your own emotions, not suitable for a serious discussion regarding money. ;-)Why did B.C. institute a tax specifically on out of country investors?
14 September 2018 | 0 replies
I'm talking about the most basic stuff.
24 September 2018 | 16 replies
You are getting ripped off BAD.I've done complex projects on multifamily for half that price.
14 September 2018 | 1 reply
I have a great lady, I give her basic info about the property, she gives me ~3 options with the price and coverage I am looking for (and am required to have) and I fill out one application, she takes care of the rest.YMMV
16 September 2018 | 4 replies
The numbers:Purchase Price: $28,500Equity: $49,000 (No Appaisal) Comparables are 45k and 53kFinanced: $0Improvement Costs: Projected $2,500 on tenant turnoverProperty Taxes: $700Insurance: $900 yrProperty Management: $58.33 monthlyVacancy Rate (7%): $42 monthlyRepairs: $360 yrHOA: $420 yrCAPEX: $144 yrMisc/Legal: $349 yrCash Flow: $204 monthly Rent: $600Cash-On-Cash ROI: 9%Shoot me a pm or leave a comment if you have any questions or remarks!
14 September 2018 | 6 replies
@Matt Shields so exit strategies are basically the "what ifs" considered?
30 November 2018 | 4 replies
PM me with your info, I may have some projects coming up over the next couple of months