please discuss pros and cons of this type of investment
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Looking to speak w/ high volume nutra CPA affiliates or networks... msg me
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pros , many bathrooms
cons , you have to clean em all -
Constant upkeep and occupancy levels are key. There is plenty of money to be made. IMHO it is the fastest way to become a millionaire.Make Levees, Not WarComment
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umm noComment
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umm no what?Originally posted by TheWildcard
umm no
i think it is a great investmentLooking to speak w/ high volume nutra CPA affiliates or networks... msg meComment
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An appartement isn't an investment !UUGallery Builder - automated photo/video gallery plugin for Wordpress!
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an apartment complex meaning the whole buildingOriginally posted by Basic_man
An appartement isn't an investment !Looking to speak w/ high volume nutra CPA affiliates or networks... msg meComment
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I have 30 units. airconditioning is the major financial drain. have your maintenance people change the filters in every unit every month. It will save you tons of money.
Tenents never change themComment
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Trump is just an egotistic model, I own all of "Trump" investmentsOriginally posted by robfantasy
please discuss pros and cons of this type of investment
ICQ: 2262.73945Comment
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why not just make the tenents pay the electricity bill for their apartment?Originally posted by Doc911
I have 30 units. airconditioning is the major financial drain. have your maintenance people change the filters in every unit every month. It will save you tons of money.
Tenents never change themwhat?!Comment
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Interesante!Originally posted by Doc911
I have 30 units. airconditioning is the major financial drain. have your maintenance people change the filters in every unit every month. It will save you tons of money.
Tenents never change themICQ: 2262.73945Comment
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Going out on a limb here....Originally posted by adrenalinedef
why not just make the tenents pay the electricity bill for their apartment?
I think he ment that replaceing the AC's after the tenats never replace the filters in them......
correct me if im wrong.Comment
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Originally posted by adrenalinedef
why not just make the tenents pay the electricity bill for their apartment?
Its not about electric bills they can go fuck themselves.
Its about 10k in replaceing units, sheet rock, carpeting etc etc...Comment
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just invest in one, silent partner. you don't want to go through managing a staff, acct books, taxes, paper work, etc...Comment
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no, whyComment
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Im going to invest in 2 apartment complexes in Spain next month.......my brother does it all the time, and he makes nice money with itComment
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bump, interesting topicself made mothafucka.
buying premium domains & developed sites with revenue/traffic -> adaptweb at gmail.comComment
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heard it was a big hassle.. better to buy single family homes and bank on the appreciation.. 10% down with a 10% increase in value in a year = 100% return assuming you can cover mortgage payments with the rentComment
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I think he means owning the whoel complex and renting it out. Pros are making money in the long run. Cons are dealing with tenants.Originally posted by TheWildcard
umm no
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VERY slow money that way.Originally posted by Donnie Gangsta
heard it was a big hassle.. better to buy single family homes and bank on the appreciation.. 10% down with a 10% increase in value in a year = 100% return assuming you can cover mortgage payments with the rent
If you have the time and can handle stress
a complex is the way to go
or buy say 4-5 duplex'sComment
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Are you crazy? 100% / year is the highest yield return you could expect from any investment.Originally posted by JupZChris
VERY slow money that way.
If you have the time and can handle stress
a complex is the way to go
or buy say 4-5 duplex'sComment
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That would involve installing individual electrical units for each apartment. This is not exactly cheap for a large complex.Originally posted by adrenalinedef
why not just make the tenents pay the electricity bill for their apartment?
Plus, some tenants want to stay in a residential unit where the energy costs (heating, air conditioning and power) is included in the rent.Comment
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do you honestly think renting duplexes is much all that much different than single family homes?Originally posted by JupZChris
VERY slow money that way.
If you have the time and can handle stress
a complex is the way to go
or buy say 4-5 duplex'sI host with VacaresComment
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and taxes and several other expenses. you're right though, its a great investment.Originally posted by Donnie Gangsta
heard it was a big hassle.. better to buy single family homes and bank on the appreciation.. 10% down with a 10% increase in value in a year = 100% return assuming you can cover mortgage payments with the rentI host with VacaresComment
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Personally I wouldn't invest in any multi-residential units in North America at this time. The prices are so high that you barely make enough to pay the mortgage with a full occupancy level.Comment
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some of my investments yield way betterOriginally posted by xenigo
Are you crazy? 100% / year is the highest yield return you could expect from any investment.Comment
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^^Originally posted by bluff
some of my investments yield way betterICQ: 2262.73945Comment
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depends on the areaOriginally posted by Alex from Montreal
Personally I wouldn't invest in any multi-residential units in North America at this time. The prices are so high that you barely make enough to pay the mortgage with a full occupancy level.I host with VacaresComment
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Pros
If the apartments are away from you... travelling to them might
be a business expense. e.g. you live in Chicago, but you
buy rental units in Miami and L.A. (and leave maintenance
and management to an on-site Super)
cons
Watch for local laws. Some places are very landlord-friendly
(Florida) and others are very tenant-friendly (the Northeast)
You don't want to get into a situation where evicting a bad
tenant takes months instead of days.
Comment
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also one of the safest. Everyone is making it sound like its a simple process to buy an apartment complex, and make millions. If you don't know what you are doing you will lose your shirt.Originally posted by JupZChris
VERY slow money that way.
If you have the time and can handle stress
a complex is the way to go
or buy say 4-5 duplex'sComment
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Originally posted by xenigo
Are you crazy? 100% / year is the highest yield return you could expect from any investment.
Comment
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single family homes are a lot less hassle and a lot easier to sell than big apartments.. I would much rather just cover my costs on the front end and make a huge amount on the back end while focusing on making money in other areas (i.e. adult).. guess it's just all about what you're looking forOriginally posted by JupZChris
VERY slow money that way.
If you have the time and can handle stress
a complex is the way to go
or buy say 4-5 duplex'sComment
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i'd recommend if you buy a complex, when you are a little more experienced in being a landlord. like someone mentioned, you could lose your shirt.
for example (taken from a book):
You own a 12-unit building. You underprice each unit by $25 a month. The cap rate is 9%. How much does this underpricing error cost you?
Lost income = $25 x 12 units x 12 months
= $3,600 per year
Lost building value = $3,600 / .09 = $40,000
You've lost $40,000 of value just by underpricing $25 per month.self made mothafucka.
buying premium domains & developed sites with revenue/traffic -> adaptweb at gmail.comComment
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thats a con, if you get something like that its best to have it close. its a pain in the ass to travel across the country for stuff like that.Originally posted by NoHassleSteve
Pros
If the apartments are away from you... travelling to them might
be a business expense.
I host with VacaresComment
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We own one
Pros good supply of cash flow every month.
Cons right now is a wrong time to buy property
give it a couple more years real estate prices
should be falling soon.
ICQ 212-115-582
Email Steve at Vas Media Group .comComment
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An appraiser would adjust below market rents to the market (i.e. would add the missing $25 per unit per month) and cap that net income at 9.0%. Then he would deduct an income shortfall to the loss of income for the term of the lease.Originally posted by aflex
i'd recommend if you buy a complex, when you are a little more experienced in being a landlord. like someone mentioned, you could lose your shirt.
for example (taken from a book):
You own a 12-unit building. You underprice each unit by $25 a month. The cap rate is 9%. How much does this underpricing error cost you?
Lost income = $25 x 12 units x 12 months
= $3,600 per year
Lost building value = $3,600 / .09 = $40,000
You've lost $40,000 of value just by underpricing $25 per month.
For example the property has 12 units with an average rent of $475 per month and an average expiry of 6 months. Say the market is at $500, then $500 would be used in determining the potential market value of the property. Then he would would deduct from that value $1,800 (12 units x $25 below market X 6 month before you renew the lease). thus instead of a loss of $40,000, the actual lost would only be $1,800.
Or the appraiser would increase the cap rate to say 8.75% to consider growth rent potential.Comment
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lots of great info here. id like to discuss further with ppl who have actually done this.Looking to speak w/ high volume nutra CPA affiliates or networks... msg meComment
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I was planning on doing this in the future. I would love to discuss this more and learn what i can with people that know what they are talking about.Originally posted by robfantasy
lots of great info here. id like to discuss further with ppl who have actually done this.
469344657Comment
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bump for the friday day shiftLooking to speak w/ high volume nutra CPA affiliates or networks... msg meComment
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i own s few multi family properties, and am currently buying a 3 family now.
treat it as a business.. your tenants are your business customers.
screen them, be fair to them, know your housing laws.
upkeep. hire good maintenance people. repairs, supplies, motgage interest, are tax deductable.
except if u live on the property. then u cant deduct for yourself.
appreciation. well maintained properties almost always increase in value creating equity.
rents. rents should always be market rate. market rate usually covers your basic mortgage, insurance, taxes and water/sewer.
always.. always.. always collect a security deposit.
last months rent usually weeds out the scum (but not always)
i could go on and on
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