I am guessing your are financing them in your name to get the 30 year fixed or is there a way to get 30 year fix under an LLC? If buying under your name, how are you mitigating your risk to lawsuits?
Did you spray the exterior bricks? They look fantastic. Wondering what you used and if there is a cost effective way to do that given how porous bricks are? Thanks!!
I'd like to hear more on property management, selection, contract etc and what all they provide for the fees. I can see where this would be very important in a multifamily with common areas. Do they also charge the first month rent for new lease signings and then a 6-8% monthly fee? I'm limited by the number of property managers in my area, so I'm curious what others experience has been. Thank you for the video. Maybe you guys could consider doing a property management video in the future if you haven't already do so?
Another awesome video! You guys have great guests on the shows and it gives us energy every time I watch a new one!What % are you looking for in cash on cash and caprate when buying multi family properties?
Can you talk more about expectations for property managers. This is a 4plex. Property managers out here send their assistants by after move outs to take pictures and put a key in a lockbox for vendors and for the next tenant but otherwise never stop by the properties. Perspective tenants don't see the unit before they move in and are only shown a youtube video tour of the property. Why would you property manager be driving by the home to pick up trash? I can understand for a larger building where someone is on site but I don't imagine someone ever coming to the site if they don't have to.
Chris: "1500/12" Terrance: "125" **My thoughts**: " Well he's in the right industry" Shay: "Well you're in the wrong industry" Terrance: "I think you get paid more in real estate" Me: 😎😎😎 Love seeing these, Keep it going please and thank you!!
since he was doing a 1031 to provide downpayment, he said immediately saved about 50k by not paying taxes. Also did a 25% down instead of a 20% to get a 30 year. Also a turnkey, which changes what you are looking for. Not really sure what that market specifically should be, but it's not bad.
@@ccooper294 he could have bought a better turnkey deal somewhere else and saved even more money. This makes no sense to me. he literally just handed his buddy over a ton of cash.
![ค้างคืนโรงเก็บกระสวยอวกาศร้างกลางทะเลทราย [Around The World Ep. 3]](http://i.ytimg.com/vi/E5bWZQhABJE/mqdefault.jpg)
Learned a ton from this! Is that excel sheet available for download or did you personally create this excel sheet?
I am guessing your are financing them in your name to get the 30 year fixed or is there a way to get 30 year fix under an LLC? If buying under your name, how are you mitigating your risk to lawsuits?
Where do you get your kitchen cabinets?
What is the realtor adding to this video?
She's hot so...
What product is on the stairs?
Love it! We are underwriting a 52 unit outside Denver in Lakewood right now. Very Valuable info.
Lakewood is a great market. What are the numbers like?
@@BuildingWealthWithRealEstate We did not end up moving forward with the deal.
Great video.
1- the COC is 8% ?
2 - what is the exit plan ?
Did you spray the exterior bricks? They look fantastic. Wondering what you used and if there is a cost effective way to do that given how porous bricks are? Thanks!!
Yes it was. I’ll check with Terrance on details. He does this to the majority of his properties.
@@BuildingWealthWithRealEstate update?
I'd like to hear more on property management, selection, contract etc and what all they provide for the fees. I can see where this would be very important in a multifamily with common areas. Do they also charge the first month rent for new lease signings and then a 6-8% monthly fee? I'm limited by the number of property managers in my area, so I'm curious what others experience has been. Thank you for the video. Maybe you guys could consider doing a property management video in the future if you haven't already do so?
Where do you buy in volume for the flooring?
Thank you we are looking for one to buy in La Vegas at the moment.
Me too. What type of property are u looking
Another awesome video! You guys have great guests on the shows and it gives us energy every time I watch a new one!What % are you looking for in cash on cash and caprate when buying multi family properties?
what is the material on the stairs?
thanks
Haha. I came to the comments to see if anyone asked and got an answer about this.
Painted wood
Can you talk more about expectations for property managers. This is a 4plex. Property managers out here send their assistants by after move outs to take pictures and put a key in a lockbox for vendors and for the next tenant but otherwise never stop by the properties. Perspective tenants don't see the unit before they move in and are only shown a youtube video tour of the property. Why would you property manager be driving by the home to pick up trash? I can understand for a larger building where someone is on site but I don't imagine someone ever coming to the site if they don't have to.
QUESTION: Do you know of any lists or resources to find quality property managers?
Not that I know of. Network to one.
Talk about the stairs and what you did to them to tenant proof.
Why is Cap-Ex not included in the analysis? Couldn’t those be pretty impactful to overall return on investment?
It’s included in repairs item. 8% is the average for repairs and capes. For the first years, it’ll be very low sense it’s fully remodeled.
I don’t like the location for the half bath. It’s right next to to the stove
Chris: "1500/12"
Terrance: "125"
**My thoughts**: " Well he's in the right industry"
Shay: "Well you're in the wrong industry"
Terrance: "I think you get paid more in real estate"
Me: 😎😎😎
Love seeing these, Keep it going please and thank you!!
How long did you spend flipping SFHs before you went into multi
Nice property! Looking at similar 20 townhouse unit. I see a lot of ideas I will be using.
What a beautiful property that is, I would love to BRRRR it and 1031 it.. ;)
This was a GREAT podcast! Thank you for sharing!
Gold
If using an FHA loan on a multi family property no more than 4 units, you need 25% down? Not 3.5% down ?
I got a 4 unit with 3.5%
If you can't find a way to come up with $40 a month, then you shouldn't be in real estate, THESE REPORTS ARE EVERYTHING!
@ 1:10 she just checked you out
47:00
18:20
Reverse 1031 to avoid the stress to close so early
Luxury vinyl plank
those are not real.. btw
Am I the only one who cringes when they see a stove butted up against the wall like that?
Great info but damn at least bring on a hot blonde who doesn’t sound like squeaky wheel with nothing to offer.
900k for maybe $1500
😬
Hteat content
those numbers look atrocious..... aren't you supposed to shoot for 12%-15% COC ROI?
since he was doing a 1031 to provide downpayment, he said immediately saved about 50k by not paying taxes. Also did a 25% down instead of a 20% to get a 30 year. Also a turnkey, which changes what you are looking for. Not really sure what that market specifically should be, but it's not bad.
@@ccooper294 he could have bought a better turnkey deal somewhere else and saved even more money. This makes no sense to me. he literally just handed his buddy over a ton of cash.
Am I the only one who cringes when they see a stove butted up against the wall like that?