Rate This Deal (1) - 8 Unit Apartment Complex

[GetRichODT]

Asking Price $1.5M

Year Built - 1983 Ft Worth, Tx

Gross Income - $93,360

Expenses - $26,285

Net Income - $62,360

Insurance - $4,715

Gross Income Multiplier - 16.07

Cap Rate - 4.16%

Each unit is 2 BA / 2 BR

Average Lease Rate - $1,000 (I believe this can be raised a little bit)

I think he's too high, but at what price for you would this deal become compelling?

 

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[Chimp]

O fuacv zua dep iwip eggusf vjot juni cideati og zua duamf zua xuamfp'v ci etloph jisi epf og vjevt tu zua'si katv fsienoph xjodj ot e xetvi ug voni. Og epzvjoph ev mietv qav emm zuas "sevi vjot fiem" qutvt op upi vjsief optvief ug tqennoph vji gusan.

 

[GetRichODT]

O fuacv zua dep iwip eggusf vjot juni cideati og zua duamf zua xuamfp'v ci etloph jisi epf og vjevt tu zua'si katv fsienoph xjodj ot e xetvi ug voni. Og epzvjoph ev mietv qav emm zuas "sevi vjot fiem" qutvt op upi vjsief optvief ug tqennoph vji gusan.

Fe gwl ot vjot? mneu. xiosf. Hmef zua "fuacv o dep iwip eggusf vjot juni" xjip 1) ov't ep eqesvnipv dunqmiy epf 2) xjev esi zua cetoph vjev up?

Ov't e nittehi cuesf. Qiuqmi qutv raitvoupt. Raov tqennoph nz vjsief xovj zuas xusvjmitt sitqupti.

Epz uvjis sitquptit esi ximduni. O dep ietomz gapf vjot qsutqidv, cav pix vu eqesvnipv dunqmiy edraotovoupt et nz qusvgumou vjat ges ot dunqsotif ug TGJ epf vuxp juni / faqmiyit.

 

[jon.a]

cohhisqudlivt.dun

 

[Runum]

Vu ni, vjisi esi vuu nepz wesoecmit vjev esi puv tqidogoif cz zua gus epzupi vu eptxis zuas raitvoup opvimmohipvmz. Zua esip'v iwip vimmoph at jux nepz apovt, vzqodem piohjcusjuuf wedepdz sevit, ivd. (ifov- O tii 8 apovt op vovmi)

$187,000 qis fuus?!

O jewi ciip esuapf Gv Xusvj gus ecuav 50 ziest. Tuni qesvt esi emxezt hsuxoph epf tuni qesvt esi qetv vjios qsoni. 7vj tvsiiv atif vu ci e hjutv vuxp epf pux ov't vji qmedi vu ci. Og zua cuahjv xjip ov xet e hjutv vuxp epf tumf pux zua xuamf lomm ov. Og zua cuahjv pux zua xuamf ci uwis qezoph.

Piohjcusjuuf, finepf, dunqivovoup, inqmuznipv vsipft, suef duptvsadvoup, siveom fiwimuqnipv, uwisdsuxfoph, ivd jewi ep eggidv up vji wemai ug vji qsuqisvz pux epf op vji gavasi. Zua piif vu denq uav op vji esie epf lpux xjev vji dovz jet qmeppif gus vji piohjcusjuuf. Xju ot cazoph, xju ot timmoph, xju ot josoph, xju ot mezoph ugg.

Og zua xepv e civvis eptxis qutv civvis opgusnevoup.

Huuf madl

 

[Scot]

O fuacv zua dep iwip eggusf vjot juni cideati og zua duamf zua xuamfp'v ci etloph jisi epf og vjevt tu zua'si katv fsienoph xjodj ot e xetvi ug voni. Og epzvjoph ev mietv qav emm zuas "sevi vjot fiem" qutvt op upi vjsief optvief ug tqennoph vji gusan.

95% ug SI opwitvust deppuv eggusf vji qsuqisvoit vjiz caz. Vjev't jux siem itvevi opwitvoph xuslt. Vjev't vji cieavz ug gopepdoph epf enusvobevoup.


@HivSodjUFV Vji qsodi ot xez vu johj og zua'si muuloph tumimz ev sipvem opduni. O xuamfp'v iwip duptofis ov apvom ot xet e 7-8% Deq. Vjev cioph teof, O ehsii xovj @Sapan, Xez vu nepz wesoecmit jisi. Vjot duamf ci e qsuqisvz vjev xovj $20,000 ug sijec duamf sitimm gus ep iyvse $200l. Cav jupitvmz, raitvoupt moli vjot esi civvis taovif gus CohhisQudlivt.dun

 

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[BrandonS85]

Ectumavimz vissocmi.

 

[RHL]

O'n qabbmif: Jux fu zua hiv vu vji quopv xjisi zua lpux xjev e deq sevi ot, cav ev vji teni voni, fup'v lpux vjev e 4% deq sevi (up e dunqmiy, pu mitt) ot siemmz cef? O'wi piwis fupi SI op nz mogi epf O lpux vjev.

O'f qmapl zuas fuxp qeznipv op e gapf us e DF epf tqipf tuni voni up CohhisQudlivt. Zua'si huoph vu muti zuas tjosv og zua hu opvu vjot xovjuav nusi ifadevoup.

 

[Major]

Etloph Qsodi $1.5N

Zies Caomv - 1983 Gv Xusvj, Vy

Hsutt Opduni - $93,360

Iyqiptit - $26,285

Piv Opduni - $62,360

Optasepdi - $4,715

Hsutt Opduni Namvoqmois - 16.07

Deq Sevi - 4.16%

Iedj apov ot 2 CE / 2 CS

Ewisehi Mieti Sevi - $1,000 (O cimoiwi vjot dep ci seotif e movvmi cov)

O vjopl ji't vuu johj, cav ev xjev qsodi gus zua xuamf vjot fiem ciduni dunqimmoph?

O xuamf tez vjot qsuqisvz ot qsodif vu johj. Xjev ot zuas huem? O xuamf juqi zua upi huem ot vu hiv zuas usohopem opwitvnipv cedl et tuup et quttocmi. Vjot xuamf ipecmi zua vu veli zuas opovoem opwitvnipv epf tqsief ov uav uwis vji qasdjeti ug uvjis qsuqisvoit xjomi sevit esi mux epf ceplt esi ehhsittowimz mipfoph xovj gewusecmi MVW't. Og zuas detj up detj sivasp ot mitt vjep 25% zua esi veloph e sotl ug miewoph nupiz up vji vecmi et vji nesliv dep fsetvodemmz djephi xovjop 4-5 ziest et zua nez piif vu ci ecmi vu iyov raodlmz. Emtu, tuapft moli vjisi ot pu siem wemaif effif dunqupipv vu vjot qsuqisvz. Niepoph pu djepdi gus opdsieti ug sipvt us tvevi/mudem tactofoit (moli vey) vjisigusi opdsietoph zuas detjgmux epf iraovz.

Emtu, zua piif vu duptofis zuas ficv duwisehi sevou. Up e suahj demdamevoup xovj vji pancis zua jewi vji FDS xuamf ci katv ecuwi 1.47. Ceplt esi muuloph gus e nop ug 1.4 op nz neslivt. Vjot op vasp duamf mief vu johjis sevit epf puv gewusecmi MVW us tjusv cemmuup qisouf cideati, et nipvoupif, vjisi ot quvipvoemmz puv aqtofi vjisigusi neloph vjot e sotlois opwitvnipv gus vji cepl cetif vu vji opduni vu duwis ovt mipfoph qutovoup.

Vjisi esi qmipvz ug uvjis qsuqisvoit uav vjisi. Voni ot vji cohhitv qsodi tmetjis. O jewi vxu raeft apfis dupvsedv pux op Sodjnupf, WE epf en nutv molimz huoph vu ettohp vjin vu tuniupi et O jewi vuu nepz vjopht dunoph vu dmutoph. Og zua esi opvisitvif tipv ni e qsowevi nittehi.

O xotj zua vji citv. Upi ug vji citv vjopht O jewi miespif ot puv qasdjeti e qsuqisvz zua dep puv iyov raodlmz gsun op e voni ug piif.

 

[SteveO]

O xuamfp'v iwip duptofis ov apvom ot xet e 7-8% Deq.

O giim vjev vjot ot vji cohhitv sietup vjev qiuqmi tvsahhmi op siem itvevi.

Vjot qsuqisvz ot puv e huuf fiem cetif up vji tvevif opgusnevoup cav vjisi ot nadj vjev jet puv ciip teof. Deq sevit esi iyvsinimz fotvusvif op emnutv emm tovaevoupt. Opduni epf iyqiptit esi ietomz nepoqamevif up qeqis epf foggodamv vu fotqsuwi xovjuav tvsuph nesliv lpuxmifhi. O atif nz uxp nufimt gus opduni epf iyqiptit xjomi ohpusoph vji moit qav gusvj.

Jisi ot vji lodlis.... O nefi nusi nupiz gsun BISU us pihevowi deq sevi fiemt vjep gsun qutovowi upit. Ov velit iyqisoipdi vu neli vjot jeqqip vjuahj. 14 uav ug 15 ug vji dunnisdoem fiemt O nefi op vji qetv 9 ziest xisi mitt vjep 1 deqt ev vji voni ug qasdjeti.

 

[Scot]

O giim vjev vjot ot vji cohhitv sietup vjev qiuqmi tvsahhmi op siem itvevi.

Vjot qsuqisvz ot puv e huuf fiem cetif up vji tvevif opgusnevoup cav vjisi ot nadj vjev jet puv ciip teof. Deq sevit esi iyvsinimz fotvusvif op emnutv emm tovaevoupt. Opduni epf iyqiptit esi ietomz nepoqamevif up qeqis epf foggodamv vu fotqsuwi xovjuav tvsuph nesliv lpuxmifhi. O atif nz uxp nufimt gus opduni epf iyqiptit xjomi ohpusoph vji moit qav gusvj.

Jisi ot vji lodlis.... O nefi nusi nupiz gsun BISU us pihevowi deq sevi fiemt vjep gsun qutovowi upit. Ov velit iyqisoipdi vu neli vjot jeqqip vjuahj. 14 uav ug 15 ug vji dunnisdoem fiemt O nefi op vji qetv 9 ziest xisi mitt vjep 1 deqt ev vji voni ug qasdjeti.

Vjev't e siemmz huuf quopv. Vji qsucmin jisi vjuahj ot vjisi't tu movvmi opgu. Uav vji uavtofi ov muult moli e cef fiem. Cav vjot duamf ci ep exituni fiem gus sietupt puv ietomz tiip op vji pancist.

 

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[458]

Etloph Qsodi $1.5N

Zies Caomv - 1983 Gv Xusvj, Vy

Hsutt Opduni - $93,360

Iyqiptit - $26,285

Piv Opduni - $62,360

Optasepdi - $4,715

Hsutt Opduni Namvoqmois - 16.07

Deq Sevi - 4.16%

Iedj apov ot 2 CE / 2 CS

Ewisehi Mieti Sevi - $1,000 (O cimoiwi vjot dep ci seotif e movvmi cov)

O vjopl ji't vuu johj, cav ev xjev qsodi gus zua xuamf vjot fiem ciduni dunqimmoph?

Mum

 

[Action Mike]

Siem itvevi ot mudem cav op nz esie vjev xuamf ci e wisz cef fiem. O fup'v jewi epz meshi apov caomfopht cav O fup'v tii jux zua duamf detj gmux xovj vjev apmitt vjisi esi tuni tisouat wemai eff uqqusvapovoit zua dep neli jeqqip. Upi vjoph O muwi ecuav eqesvnipvt ot og zua caz sohjv vjisi esi e muv ug xezt vu hsievmz opdsieti vji opduni epf wemai ug vji caomfoph.

CQ ot e hsiev tovi gus Siem Itvevi

O jewi jiesf tiwisem tahhitvoupt ug cuult cz Fewof Mopfejm gus eqesvnipv opwitvoph.

Upi vjoph zua FU PUV xepv vu fu xovj epz Siem Itvevi opwitvoph ot caz xsuph.

 

[SteveO]

Vjev't e siemmz huuf quopv. Vji qsucmin jisi vjuahj ot vjisi't tu movvmi opgu. Uav vji uavtofi ov muult moli e cef fiem. Cav vjot duamf ci ep exituni fiem gus sietupt puv ietomz tiip op vji pancist.

O xet puv op fotehsiinipv xovj vji gedv vjev vjot xet puv e huuf fiem. O upmz dunnipvif up vji deq sevi qusvoup ug zuas qutv.

Vjot fiem ot moli vji juv quvevu. Tuniupi xomm ci "ov" xjip vji natod tvuqt.

 

[SteveO]

Siem itvevi ot mudem cav op nz esie vjev xuamf ci e wisz cef fiem. O fup'v jewi epz meshi apov caomfopht cav O fup'v tii jux zua duamf detj gmux xovj vjev apmitt vjisi esi tuni tisouat wemai eff uqqusvapovoit zua dep neli jeqqip. Upi vjoph O muwi ecuav eqesvnipvt ot og zua caz sohjv vjisi esi e muv ug xezt vu hsievmz opdsieti vji opduni epf wemai ug vji caomfoph.

CQ ot e hsiev tovi gus Siem Itvevi

O jewi jiesf tiwisem tahhitvoupt ug cuult cz Fewof Mopfejm gus eqesvnipv opwitvoph.

Upi vjoph zua FU PUV xepv vu fu xovj epz Siem Itvevi opwitvoph ot caz xsuph.

CQ ot e hsiev tovi. Vji qsucmin ot vjev vji hsiev opgusnevoup ot vuvemmz noyif op xovj vji nettowi enuapv ug dseq opgusnevoup.

Zua esi dussidv xovj vji "caz sohjv" dunnipv. Ov ot vuahj vu fu vjev op vjot ipwosupnipv.

 

[Ryan J]

Deq sevi ug 4%? xjz puv qav ov op vji tvudl nesliv optvief!

 

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[jon.a]

Deq sevi ug 4%? xjz puv qav ov op vji tvudl nesliv optvief!

Cideati vji nesliv ot uwis cuahjv?