MartinKing Posted March 29 Report Share Posted March 29 Friends, Need your opinion on the below property: Multi family with 8 units mix of 2 beds and one beds. 100% occupancy. Renovated in 2022 with new HVAC. Asking price: 1.4M NOI: Avg 70K-80K/Year. Location: Atlanta, GA - Proximity to Georgia Tech. Maintained by property management company. Quote Link to comment Share on other sites More sharing options...
Sixers Posted March 29 Report Share Posted March 29 1.4 million loan aa cash aa? NOI after cuttings nee chethiki entha vasthundi? Quote Link to comment Share on other sites More sharing options...
pushpam123 Posted March 29 Report Share Posted March 29 adress endi bro Quote Link to comment Share on other sites More sharing options...
melukunna Posted March 29 Report Share Posted March 29 1 hour ago, MartinKing said: Friends, Need your opinion on the below property: Multi family with 8 units mix of 2 beds and one beds. 100% occupancy. Renovated in 2022 with new HVAC. Asking price: 1.4M NOI: Avg 70K-80K/Year. Location: Atlanta, GA - Proximity to Georgia Tech. Maintained by property management company. At this interest rates you will have bowl in the hand. Quote Link to comment Share on other sites More sharing options...
MartinKing Posted March 30 Author Report Share Posted March 30 18 hours ago, Sixers said: 1.4 million loan aa cash aa? NOI after cuttings nee chethiki entha vasthundi? 70K-80K per year in the hand after all operating expenses. Quote Link to comment Share on other sites More sharing options...
MartinKing Posted March 30 Author Report Share Posted March 30 Just now, MartinKing said: 70K-80K per year in the hand after all operating expenses. Loan+Cash. Thinking of 50-50. Quote Link to comment Share on other sites More sharing options...
MartinKing Posted March 30 Author Report Share Posted March 30 20 hours ago, melukunna said: At this interest rates you will have bowl in the hand. Pursuing SBA loan. with 50% downpayment. Quote Link to comment Share on other sites More sharing options...
chittugaadu Posted March 30 Report Share Posted March 30 Excellent deal after expenses you can get 70-80k. Are u sure? whats the rental income for 8 units. 1 Quote Link to comment Share on other sites More sharing options...
andhracrazystar Posted March 30 Report Share Posted March 30 58 minutes ago, MartinKing said: Pursuing SBA loan. with 50% downpayment. Will SBA do mortgage refinancing? If so will that works for commercial real estate office condos ? I have an office condo and this month my mortgage rate bumped to 9%. Please advise if there are any options 🙏🙏🙏 Quote Link to comment Share on other sites More sharing options...
phatposts Posted March 30 Report Share Posted March 30 23 hours ago, MartinKing said: Friends, Need your opinion on the below property: Multi family with 8 units mix of 2 beds and one beds. 100% occupancy. Renovated in 2022 with new HVAC. Asking price: 1.4M NOI: Avg 70K-80K/Year. Location: Atlanta, GA - Proximity to Georgia Tech. Maintained by property management company. How is NOI calculated in this particular case? Current rents enta, market rents enta? Is there any CapEx involved (like roof, siding , etc.) - This could be very low since recently renovated. Plugin all the numbers in a standard calculator - if cap rate is over 8% the consider it. Ideally 10% cap rate is better. Future lo loan rates taggutayi ani maatram konaddu. No one knows when they will go down. Till then you should be able to survive. SBA loan avasaram ledu. Commercial loan is easy with 25% down. 2 Quote Link to comment Share on other sites More sharing options...
MartinKing Posted April 1 Author Report Share Posted April 1 On 3/30/2024 at 3:40 PM, phatposts said: How is NOI calculated in this particular case? Current rents enta, market rents enta? Is there any CapEx involved (like roof, siding , etc.) - This could be very low since recently renovated. Plugin all the numbers in a standard calculator - if cap rate is over 8% the consider it. Ideally 10% cap rate is better. Future lo loan rates taggutayi ani maatram konaddu. No one knows when they will go down. Till then you should be able to survive. SBA loan avasaram ledu. Commercial loan is easy with 25% down. Got lost few years financial data from the current owner and in process of verifying bank statements and other due diligences. I'm pursuing SBA to get cheaper interest rate. If not will go with commercial loan. 1 Quote Link to comment Share on other sites More sharing options...
phatposts Posted April 1 Report Share Posted April 1 7 minutes ago, MartinKing said: Got lost few years financial data from the current owner and in process of verifying bank statements and other due diligences. I'm pursuing SBA to get cheaper interest rate. If not will go with commercial loan. Honest question - SBA loans teesukunte, Visa holder ki emanna impact untunda? Quote Link to comment Share on other sites More sharing options...
MartinKing Posted April 1 Author Report Share Posted April 1 1 hour ago, phatposts said: Honest question - SBA loans teesukunte, Visa holder ki emanna impact untunda? Just started the process, will ask my CPA. Quote Link to comment Share on other sites More sharing options...
neekunuvvetopu Posted April 1 Report Share Posted April 1 3 hours ago, MartinKing said: Got lost few years financial data from the current owner and in process of verifying bank statements and other due diligences. I'm pursuing SBA to get cheaper interest rate. If not will go with commercial loan. SBA loans are for owner occupied. This will not qualify if I understand it correct. Quote Link to comment Share on other sites More sharing options...
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