Category Archives for Buy Right

Allowance

GRM Repair Allowance

Rules of Thumb #7 Repair Allowance, Gross Rent Multiplier and Cash Flow In our previous article, we explored 3 widely used rules of thumb in real estate: Loan to Value, Capital Expenditures and Buying on Actuals.  We want to continue introducing more rules of thumb to use when analyzing properties.  In this article, we are […]

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Commercial or residential real estate investing broker

Interview With Rick Gentry, CCIM

In this first podcast by Jake and Gino, they proudly introduce to you Mr. Rick Gentry, CCIM, Director at Cushman & Wakefield | Cornerstone. Rick specializes in multifamily acquisitions and sales. With 20 years in commercial brokerage and 15 years in the multifamily business, Rick has been involved in more than $100,000,000 million in multifamily […]

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Buying Multifamily Realestate Risk

Loan to Value, Capital Expenditure and Buying on Actuals

Rules of Thumb, Part 5. In our previous article, we discussed performing due diligence and provided a checklist for carrying out due diligence.  In this article, we want to examine Loan to Value (LTV) Capital Expenditure Accounts Purchasing properties on actual numbers. Here we go! Loan-to-value is simply the relationship between the amount of the […]

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Warranties, Taxes and Employee details for property owners

And More Due Diligence Items On Your Checklist

Rules of Thumb, Part 4 (continued) In our previous article, we discussed the importance of gathering utility bills, insurance documents, outstanding work orders and loan documents.  In this article, we are going to focus on retrieving: 3 years of capital improvements Property taxes Current payroll and copies of all warranties.  We will discuss why to […]

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Multifamily Rea estate Investing checklist

Another 4 Items on Our Due Diligence Checklist

Rules of Thumb, Part 4 (continued). In our previous article, we analyzed these four items on our due diligence checklist: payroll ledger, current budget, 2 years of seller tax returns and vendor contracts.  In this article, we are going to delve into utility bills, insurance documents, outstanding work orders and loan documents.  Let’s get started! […]

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Multifamily Investing Strategy

4 More Due Diligence Items To Consider

Rules of Thumb, Part 4 (continued). In the previous article, we discussed the importance of performing due diligence when analyzing a deal.  We included a due diligence checklist that listed all the items that need to be obtained and verified by the buyer.  The first 4 items were: Collect rents and current leases Verify income […]

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Due Diligence

Rules of Thumb, Part 4. Any experienced investor will tell you that due diligence are two of the most important words in investing.  Due diligence is defined by Investopedia as the care a reasonable person should take before entering into an agreement or a transaction to another party.  I learned the importance of due diligence […]

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Management Fees

Management Fees and Property Expenses

Rule of Thumb, Part 3. In the previous article, we focused on general rules of thumb for property classifications.   Rules of thumb can be defined as a guideline that provides simplified advice regarding a particular subject.  It’s important for beginner investors to learn certain investing criteria and formulas in order to properly analyze investment […]

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Property Classification

Property Classification

Rules of Thumb, Part 2. In our previous article, we focused on unit mix and the importance of choosing an apartment complex with the most beneficial unit mix.  In this article, we are going to focus on property classifications.  Property classifications are important because the investor will know what type of earnings come with investing […]

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Jake and Gino, Multi family Consulting

“Unit Mix” For Multifamily Investors

Rules of Thumb, Part 1. In the previous article, we defined what an investing rule of thumb was and how they were useful in real estate investing.  A rule of thumb is a guideline that provides simplified advice regarding a particular subject, in this case investing in real estate.  The first three rules of thumb […]

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