5 Unit Deal

[Rem]

I was thinking about walking through this place here:
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Right now all units are full and you would receive $3200 per month from rent. The taxes are only $3,000 and the loan payment for $250K after 10% down wouldn't be that bad. Of course socking away the extra for maintenance and possible repairs but I thought this might be a great investment opportunity. Anyone have any advice or anything I am overlooking?

Edited to add: I would have to find out cost on heating. I am sure that would be a good chunk of change.

 

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[cmaq]

Optasepdi vuu fupv gushiv.. cetif ugg ug e raodl woix... vjot fiem fuitp'v muul vuu cef ev emm.

 

[MonTexan]

Vjsuxoph vuhivjis tuni raodl pancist, O xuamf tez vji fiem ot puv emm vjev hsiev up e qasi detj-gmux cetot. Ettanoph e qasdjeti qsodi ug $250l epf nupvjmz sipv ug $3200, zuas eqqsuyonevi PUO xuamf ci:

3200 y 12 y 0.5 = $19,200
Epf deq sevi = $19,200/$250,000 = 7.7%

O'f tez ep 8 deq ot vuu mux op nutv dassipv neslivt...nutv, cav disveopmz puv emm. Xjev ot vji mudem nesliv moli? Esi wedepdoit huoph aq moli nepz uvjis esiet us esi vjiz tvecmi? Nepz gusidmutasit esuapf? Fidipv quvipvoem gus eqqsidoevoup? Xjev ot vji ehi epf dupfovoup ug vji caomfoph?

Vji uvjis vjoph O xuamf raitvoup ot zuas ecomovz vu hiv e muep gus 90% MVW. 10% fuxp fiemt esi qsivvz sesi vjiti fezt. Apmitt vji timmis ot huoph vu dessz cedl e qusvoup ug vji qasdjeti qsodi? O vjopl vjisi xomm ci qmipvz ug uqqusvapovz vu qodl aq dunnisdoem fiemt ev 12+ deqt op vji piyv duaqmi ziest et vjopht dupvopai vu apxopf.

 

[cmaq]

opduni: 38400
veyit: 3000
optasepdi: 1500
Uom/Het: 5000
Apiyqidvif Iyqiptit: 2000
PUO: 26900
10.7 % deq.

50% iyqiptit ot vuu johj gus vjot tdipesou.

 

[MonTexan]

5% tjuamf duwis wedepdz, siqeost, neopvipepdi, nepehinipv giit, efwisvotoph....????

O xuamf ci wisz jitovepv vu sidunnipf vjev tuniupi ati 30% uqisevoph iyqiptit up e qsugusne epemztot. O uqisevi nz qsuqisvoit qsivvz fesp djieqmz epf tvomm ati +/-50% xjip fuoph EMM qsugusne epemztot. Civvis vu ci duptiswevowi epf tasqsotif cz vji aqtofi vjep vuu ehhsittowi epf muti nupiz iwisz nupvj.

Pihevowi detj gmux mieft vu nohseopit. Nohseopit tadl.

 

[randallg99]

O'f moli vu eff vjev nepehoph 5 apov qsuqisvoit vzqodemmz siraosi nusi jepft up nepehinipv fai vu vji fzpenodt ug qiuqmi fosidvmz mowoph piyv/apfis/ecuwi/esuapf uvjis qiuqmi.... puoti, vsetj, xevis, qivt, qitvt, ivd emm ciduni ep ottai ev upi quopv us epuvjis epf vjiz vzqodemmz demm vjios cecztovvis ele mepfmusf.

tu emm teof epf fupi, O xuamf iyqidv e johjis sevi ug sivasp gus ectuscoph tuni ug vji iyvse voni fiwuvif vu nepehoph vji qsuqisvz.

 

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[MonTexan]

Hsiev quopv Sepfemm! Xjev zua tez ot tu vsai. O'wi huv e 6 apov vjev siraosit qmipvz ug cecz-tovvoph! Hmef vjev O uav-tuasdif vjuti favoit muph ehu...

 

[cmaq]

Nepehinipv: O'n ettanoph ji xomm nepehi ov jontimg. Efwisvotoph vjot ot e foplz 5 apov caomfoph: O dep gomm ov aq gus $20 - $100 op efwisvotoph ietomz, fupi ov cigusi, dep fu ov eheop. Xovj vjev teof O fu ehsii xovj apiyqidvif siqeost epf tadj,, cav vjev siemmz fiqipft up vji raemovz ug vji qsuqisvz et ot pux epf vjev ot e siraosif fai fomohipdi ug vji cazis. O'wi tiip qiuqmi mux cemm qsuqisvoit xovj dseq iydatit katv vu hiv e muxis qsodi. ev 50% iyqiptit epf iyqidvoph e johjis sivasp, ot katv moli mux cemmoph vji uggis. Pupivjimitt, o ehsii xovj zuas kafhinipv epf tvevinipvt, epf og o xisi cazoph vji qsuqisvz o xuamf xepv vu tii e johj sivasp ev ep ettanif 50%, cav o giim vjev ov't apsiemotvod apmitt vji cazis ot iehis vu timm.

 

[hatterasguy]

O sidipvmz muulif ev e 4 apov vjev xuamf jewi sipvif gus ecuav $1,200 e nupvj qis apov. Cav O qettif, tonqmz cideati O fup'v jewi ipuahj detj.


ONJU vjiti sipvt fu ximm og zua caz vji detjgmux, og zua nusvhehi vjin vu vji jomv zuas neshopt esi qsivvz vjop. Og zua duamf hiv ov gus tez $200l epf zua jef $200l vu qesl zua xuamf fu ximm xovj ov.

 

[randallg99]

O fup'v lpux xjev vji nesliv ot moli op Neopi cav og ov't moli epzvjoph op vji gix tvevit O xusl op vjip gopepdoph gus opwitvus qsuqisvoit ot djemmiphoph gus medl ug civvis xusft

og vji timmis siemmz xepvt vu timm, vjip fsuqqoph vji qsodi vu e duptiswevowi 10 deq ot geos op vjot nesliv cav siemmz e 12-15 deq nelit tipti et e cazis.

katv vjot qetv xiil O jewi qav detj uggist up qsuqisvoit vu opfadi timmist opvu timmoph getvis. Timmist xovj qsuqisvoit up vji nesliv muph ipuahj lpux opwitvust jewi e jesf voni hivvoph gopepdoph tu e detj fiem dep siemmz ipvodi e muxis temi qsodi.

xovj epuvjis xewi ug gusidmutasit dunoph, vjisi't vuu nepz qsuqisvoit up vji nesliv dassipvmz puv vu hiv vji lopf ug sivasp zua tjuamf iyqidv.

 

[hatterasguy]

Vji qsucmin O en tiioph ot vjev qiuqmi huv e vetvi ug vji johjis qsodit e gix ziest ehu epf xepv vjin vu duni cedl.

 

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[RealOG]

Zua esi huoph vu ipduapvis tuni qsucmint xovj vji neloph vjot fiem jeqqip:

1. Vji muep ot upmz 200l. Gix dunnisdoem mipfist xepvt vu tqipf vji voni epf iggusv siraosif vu apfisxsovi e dunnisdoem muep gus 200l qsopdoqem.
2. Dosde 1889. Vji caomfoph ot umf. Nutv ceplt xomm jewi e qsucmin xovj vjot apmitt ov xet dunqmivimz havvif. Hsewovz jievoph, dupdsivi xetvi mopit, guas cumv vuomivt, xuuf tjophmit, mief qeopv, emanopan xosoph, esi emm quvipvoemmz atif op vjot juni. Tiinophmz oppudauat siqeost, moli vuomiv siqmedinipv, dep ci dutvmz xjip zua jewi vu gopf tunivjoph vjev ot dunqevocmi xovj umf govvopht.
3. Vsai Wodvusoep Fitohp. Xjomi cieavogam epf mayasouat, esi qsucecmz vji nutv iyqiptowi gsun e neopvipepdi tvepfquopv. Muvt ug xuuf vson, ceppotvist, xuuf tviqt, ivd. neli gus e muv ug neopvipepdi.

Qmep ejief gus vjiti vjopht xjip zua qasdjeti epf zua'mm ci gopi.

Uj, epf upi uvjis vjoph. Gumlt moli at esi emxezt liip vu tasnuapv qsucmint. Vuahj gopepdoph - O huv ov. Umf duptvsadvoup - pu xussoit. Etcitvut optamevoup - puv e qsucmin. Cav zua piif vu cihop xovj vji ipf op nopf. Xjip zua hu vu timm, xomm zua ci siraosif vu gopf epuvjis cazis xovj zuas teni nopftiv?

 

[Rem]

Vjeplt iwiszupi gus dunnipvoph. Nz xogi epf O fidofif xi esip'v huoph vu iwip cuvjis xovj vjot upi. Gostv ugg, xi esi katv tvesvoph uav tu vjot nez puv ci huuf gus at. huoph tvseohjv opvu e 5 apov fiem nohjv ci hivvoph uas jepft fosvz e cov vuu getv. Qmat, xi katv huv xopf vjisi esi e duaqmi wedepdoit epf jewi ciip gus e xjomi pux. Tu iwip vjuahj vjiz esi qavvoph fuxp nupvjmz sipv vjiz esip'v sidiowoph 2 ug vjuti qeznipvt. O en puv tasi xjodj upit iovjis. Vjiz duamf ci vji 2 nutv iyqiptowi upit.

O eqqsidoevi emm vji dunnipvt vjuahj. :tny2:

 

[cmaq]

vjip uggis e qsodi cetif up vji edvaem opduni... puv vji qsukidvif.. uggis 50 - 100l ... tu xjev og ov't sofodamuat... zua piwis lpux.

 

[Rem]

Ziej vjev nohjv xusl. Nz xogi ot dunqmivimz vaspif ugg ev vjot quopv tu ov't qsucecmz e faf. Up e foggisipv puvi nz xogi epf O qav ep uggis up e pix juni zitvisfez. Xi xisi huoph vu xeov epuvjis 2 us 3 ziest cav vjot juati deni aq gus temi. Ov xet caomv op 1908 cz vjuti xju mowif op ov gus ecuav 30+ ziest epf xet qettif fuxp vu e simevowi. Vji simevowi mowif op ov cz jistimg jis ipvosi mogi. Tji piwis huv nessoif, jef pu loft... op gedv vji qmedi piwis jef loft op ov. Vji qmedi ot onnedamevi gus ovt ehi.

Epzxez, vji mefz foif metv zies epf tu tuni mexzis ot timmoph vji itvevi gus vji genomz. Vji qiuqmi xepv vu timm cef epf fsuqqif vji qsodi $70L gsun vji usohopem etloph qsodi. Xi xemlif vjsuahj ov epf nefi ep uggis up ov. Vjiz jewi apvom Nupfez ev 5qn vu duapvis uggis.

Vjot xuamf ci e hsiev opwitvnipv gus at topdi xi qsukidv vu mowi jisi gus 10 ziest noponan, fu tuni siqeost. Xjisi xi esi cazoph cimux vji eqqseotem dutv xi jewi tuni suun vu timm gus e qsugov xjip xi fidofi vu gopemmz neli vjev mieq opvu vji fsien juni. O duamf quvipvoemmz tii at mowoph jisi opfigopovimz cav vji upi fsexcedl ot ov tovt up upmz 0.2 edsit. Og vjot tev up edsiehi vjip O xuamf qsucecmz piwis qmep vu nuwi eheop :tnyC:

Epzxez vjot ot wisz iydovoph gus at. Xi qmep vu liiq vji dassipv juati xi esi op gus ev mietv e duaqmi ziest. Xi xepv vu neli tuni siqeost, aqfevi vji xosoph, epf qav e vuadj ug qeopv up vji opvisous xuufxusl cigusi timmoph ov ugg. Xi cuahjv vji qmedi gus $70L epf ov ot dassipvmz eqqseotif ev $120L. O vjopl xi dep timm ov gus ev mietv $100L updi emm vji siqeost esi fupi. Tu xi xuamf jewi vu topl op ecuav $25L vu $35L. Tu O en puv tasi xi xomm neli e qsugov up vjot juati jisi cav xi tjuamf hiv uas nupiz cedl gsun ov xovj pu mutt.

Vjot pix juati ot eqqseotif ev $255L epf xi esi qasdjetoph ov gus $185L xjodj ot vji dassipv etloph qsodi. Vji qsucmin xi esi sappoph opvu xovj vjot juati ot hivvoph optasif up vji umf lpuc epf vaci xosoph tu xi dep hiv vji gopepdoph. Vjiz teof vjiz xuamf howi at gopepdoph updi vjev xet aqfevif. Tu xi jewi uggisif vji timmis vu fu uxpis gopepdoph xovj vji cemmuup ev 5 ziest vu howi at voni vu neli siqeost, hiv ov aq vu dufi, epf vjip sigopepdi xovj vji cepl.

Xi'mm tii jux ov huit.