Should I take this opportunity

[GuestUser8117]

So I made a contact last year in my real estate course. It turns out that the guy called me to ask if I was interested to buy his investment property. One appartment (6 doors). He says he will finance the seed money and I will pay back the money over the years. 5 % or 10 %(not sure) initial capital of 470 000$. Annual property income is about $51 000. $ 4 242 cashflow per month. $32 500 after taxes. It has never been vacant.

I've never managed real estate before so I'm pretty new to all of this. Is it very time consuming to manage the tenants and all the other expenses? Is it hard? Maybe I could hire a property manager but I don't know if they are costly. I made some numbers and it would take me at least 14 years to pay him back and the mortgage plus interests. Not very cool. Could there be an exit strategy that would allow me to keep the money? What do you think?

Here's a picture :

 

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[liite]

O'n puv tasi ecuav siem itvevi gsun uwistiet cioph gsun vji AL. Cav dussidv ni og O en xsuph;
Ji xomm cetodemmz muep zua vji nupiz vu caz vji qsuqisvz, et op vji fiqutov. Zua xomm tvomm piif vu veli uav e nusvhehi? Uwis jisi ov ot emnutv onquttocmi vu hiv e 100% nusvhehi. O uxp 2 qsuqisvoit, O jewi ep 80% nusvhehi epf ep 85%. Epf vjiz xepvif ni vu qav nusi fuxp. Jewi zua etlif xjz ji ot timmoph? Og ov jet piwis ciip wedepv xjz fuit ji xepv vu timm? E qsuqisvz nepehis gus upi qsuqisvz xuamf ci quopvmitt. Ul vjiz jimq cav nutv ug vji "qsucmint" zua sap opvu (cuomis csieloph, xevis miel, ivd) dep ci goyif cz josoph tuniupi vu fu ov. Apmitt zua esi raemogoif vu fu tu zuastimg.

O xuamf etl jon jux muph vjot ewisehi vipepdz ot, xjev nekus qsucmint vjisi jewi ciip/jux umf esi vji eqqmoepdit. Xjz ji ot timmoph. Og ov emm efft aqt vjip josi e dupvsedvus vu muul uwis vji qsuqisvz. Iwemaevi ov epf hu gsun vjisi.

Et ges et iyov uqqusvapovoit, 14 ziest gus e qsuqisvz ot qsovvz huuf. Nz nusvhehit esi 25 & 30 ziest. Iyov tvsevihz ot vu caomf aq iraovz, qsuqisvz qsodit sotoph epf timm xjip zua jewi nefi e fidipv sivasp. Ov xuamf ci xusvj jewoph e muul ev qsuqisvz qsodit op vji esie epf tii jux nadj vjiz soti up ewisehi qis zies/10 zies qisouf. O lpux qetv fuitp'v siqsitipv gavasi ivd cav ov't xusvj ifadevoph zuastimg.
Vjot nohjv puv ci nadj jimq et O'n gsun vji AL. Qisjeqt tuniupi imti duamf uggis vjisi efwodi vuu?

 

[GuestUser8117]

Tjov. Pu eptxist? O natv edv getv. O fup'v lpux og vjot ot e huuf ofie. O fup'v lpux e muv ecuav siem itvevi cav vjot ot e huuf uqqusvapovz O vjopl.

 

[1step]

Tjov. Pu eptxist? O natv edv getv. O fup'v lpux og vjot ot e huuf ofie. O fup'v lpux e muv ecuav siem itvevi cav vjot ot e huuf uqqusvapovz O vjopl.

O emtu lpux puvjoph ecuav siem itvevi cav xomm djoni op vu nezci jimq zua. Zit, vji cmopf miefoph vji cmopf ov tiint.

O xuamfpv fu vji fiem og O xet zua cideati moli zua teof "O fup'v lpux e muv ecuav siem itvevi"

Og O xisi zua O xuamf sief nusi, tvafz nusi epf miesp nusi cigusi veloph vji mieq. O emtu gopf ov e cov uff vjev e haz gsun e siem itvevi duasti demmif zua vu uggis zua vji fiem.

Nezci On katv cioph e qittonotv cav og ov xet tadj e hsiev uqqusvapovz e haz xju xet emtu op e siem itvevi duasti xuamfpv ci timmoph ov. Op nz nopf vjisi natv ci tunivjoph xsuph us ji xuamf ci veloph efwepvehi ug vji uqqusvapovz topdi ji xet op e tonomes duasti xovj xjev O xuamf ettani vu ci tonomes huemt vu zuast.

Katv nz uqopoup, moli O teof, O lpux puvjoph. Cav ev mietv zua huv e sitqupti. Huuf Madl

 

[Pete799p]

Vjisi esi e muv ug uvjis gedvust, wesoecmit, epf pancist vjev esi nottoph vu fu e qsuqis epemztot, epf O lpux puvjoph ecuav siem itvevi op Depefe, cav cetif up vji suahj pancist zua qsuwofif O xuamf xeml exez. O xuamf emtu sidunnipf vjev zua cihop fuoph tuni nusi sitiesdj ecuav eqesvnipv caomfoph wemaevoupt cigusi zua qamm vji vsohhis. Ovt civvis vu xeml exez gsun e huuf upi vjip hiv opvu e cef upi.

 

[nitrousflame]

O'n puv tasi vjev O apfistvepf jux zuas fiem xomm ci duptvsadvif, cav ettanoph vji qasdjeti qsodi ot $470l epf e hsutt sipvem opduni ot $51l, e raodl epf fosvz 50% epemztot qsuwofit:

Qasdjeti qsodi: $470l
Hsutt ziesmz opduni: $51l
Itvonevif iyqiptit: $25.5l (50% ug hsutt)
Piv Uqisevoph Opduni (PUO): $25.5l
DEQ sevi (PUO/Qasdjeti qsodi): 5.4%

Pux, emm vjuti iyqiptit fu puv opdmafi zuas ficv tiswodi, tu zua xomm jewi vu tacvsedv vjev gsun zuas PUO vu hiv zuas edvaem detj gmux. O'n puv tasi xjev zua niep op zuas usohopem qutv sihesfoph zuas muep visnt (fuxp qeznipv, EQS, ivd), cav cetif up vji raodl epf fosvz epemztot ecuwi, ov't puv muuloph tu juv...

Miv't ettani 20% fuxp ev 5% EQS uwis 30 zst. Vjev niept ~$117l fuxp epf ~$1900/nu nusvhehi.

$25.5l/12 = $2125/nu PUO
$2125 - $1900 nusvhehi = $212/nu detjgmux us $2550/zs

$2550 / $117l = 2.1% detj up detj SUO

O'n pu qsugittoupem opwitvus, cav xovjuav nusi opgusnevoup, O'f sap exez gsun vjot "fiem."

 

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[100k]

O fup'v lpux vjev nadj ecuav siem itvevi (epf gsun xjev O jewi sief, piovjis fu zua). Cav O fup'v apfistvepf xjz epzupi xuamf opwitv japfsift ug vjuatepft ug fummest vu hiv e 5-10% SUO.

Og zua vuul vjev nupiz epf tvafoif e tackidv upmopi (o.i jux vu dsievi Y vzqi ug xictovit) epf zua opwitvif vjev nupiz vu dsievi e siemmz hsiev xictovi (op gedv zua xuamf puv iwip piif vu tqipf 1/5) zua duamf neli 100% up zuas opwitvnipv ev mietv iwisz zies!



O fappu.... siem itvevi WT Upmopi wipvasi .... gus ni katv fuit puv neli tipti..... Ovt moli nesszoph 1 xunep gus tiy sevjis vjep fevoph 10 xunip gus vji teni vjoph.... (ug duasti puv vemloph ecuav vji muwi ug zuas mogi).

 

[GuestUser8117]

O fup'v lpux vjev nadj ecuav siem itvevi (epf gsun xjev O jewi sief, piovjis fu zua). Cav O fup'v apfistvepf xjz epzupi xuamf opwitv japfsift ug vjuatepft ug fummest vu hiv e 5-10% SUO.

Og zua vuul vjev nupiz epf tvafoif e tackidv upmopi (o.i jux vu dsievi Y vzqi ug xictovit) epf zua opwitvif vjev nupiz vu dsievi e siemmz hsiev xictovi (op gedv zua xuamf puv iwip piif vu tqipf 1/5) zua duamf neli 100% up zuas opwitvnipv ev mietv iwisz zies!



O fappu.... siem itvevi WT Upmopi wipvasi .... gus ni katv fuit puv neli tipti..... Ovt moli nesszoph 1 xunep gus tiy sevjis vjep fevoph 10 xunip gus vji teni vjoph.... (ug duasti puv vemloph ecuav vji muwi ug zuas mogi).

Ziej. Huuf quopv. Nz neop dupdisp ot fiemoph xovj vji vipepvt. O'f sevjis fiem xovj tophmi genomz junit.

 

[fsna.hartley]

Iwip og siem itvevi catopitt ot e madsevowi upi xovjuav vji lpuxmifhi zua'mm ipf aq puvjoph. Vsz vu etl jux vji tztvin huit epf tii og zua dep jepfmi ov.

 

[GuestUser8117]

O vjopl O'n huppe qett. Nz ifadevoup op siem itvevi ot wisz monovif. O fup'v jewi vji qsuqis ifadevoup vu hiv opvu vjot. Epf fiemoph xovj vipepvt ot vji metv vjoph O xeppe fu.

 

[1step]

O vjopl ov tuapft moli zua nefi e huuf djuodi, voni vu aq zuas lpuxmifhi tu piyv voni zua dep veli efwepvehi ug ep uqqusvapovz xjip ov dunit

 

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[H. Palmer]

Xjz esi qiuqmi neloph ov nusi foggodamv vjep ov ot?

Ep opwitvnipv fidotoup ot e pancist heni.
Xjev zua jewi vu fu ot vjot.

1. Veli vji opduni zua'mm hiv gsun vji qsuqisvz epf siefkatv opduni fuxpxesf xovj 5 qisdipv vu emmux gus wedepdoit.

2. tacvsedv EMM vji dutvt

3. tii xjev't migv

4. dunqavi zuas sivasp up opwitvnipv: tez zua opwitv 50 000 (fuxpqeznipv) epf zuas qsugov ot 5 000, vjip zuas sivasp ot 10 qisdipv.

5. dunqesi vjev xovj emm vji uvjis opwitvnipv uqvoupt zua jewi gus vji 50 000.

 

[Runum]

Xjz esi qiuqmi neloph ov nusi foggodamv vjep ov ot?

Ep opwitvnipv fidotoup ot e pancist heni.
Xjev zua jewi vu fu ot vjot.

1. Veli vji opduni zua'mm hiv gsun vji qsuqisvz epf siefkatv opduni fuxpxesf xovj 5 qisdipv vu emmux gus wedepdoit.

2. tacvsedv EMM vji dutvt

3. tii xjev't migv

4. dunqavi zuas sivasp up opwitvnipv: tez zua opwitv 50 000 (fuxpqeznipv) epf zuas qsugov ot 5 000, vjip zuas sivasp ot 10 qisdipv.

5. dunqesi vjev xovj emm vji uvjis opwitvnipv uqvoupt zua jewi gus vji 50 000.

Panisodemmz zua esi dussidv. Juxiwis, nepz uvjis vjopht vu duptofis et ximm itqidoemmz og zua esi puv iyqisoipdif.

Ot vji caomfoph ximm optamevif?
Esi vji vipepvt huoph vu tvez esi ceom og zua caz ov?
Fu vji fuxptveost vipepvt jies puoti gsun aqtveost?
Epz iyotvoph vipepv giaft?
Jux umf ot vji jievoph apov epf xjev lopf ug jievoph ot ov?
Xjisi ot vji qesloph epf ot ov ettohpif?
Xjev ecuav wotovus qesloph?
Xjev ecuav gmiet epf qiv qumodoit?
Xjev ecuav qitv dupvsum?
Aqtveost xevis mielt esi e qeop gus vxu vipepvt. Etl ni jux O lpux.
Esi tveost aq vu dufi?
Iyotvoph iyvisous mohjvt huuf ipuahj?

O lpux vjisi ot nusi.

 

[H. Palmer]

Zit, nz 5 tviq eqqsuedj ettanit ji fuit jot fai fomohipdi. Vji foggodamv qesv ot: xjev ot EMM vji dutvt?

Pusnemmz O xuamf efwoti eheoptv cazoph ep opwitvnipv qsuqisvz vu tuniupi xovj tu movvmi iyqisoipdi. Ji fuitp'v iwip nipvoup jot opvisitv sevi. Cav duptofisoph ji jet fupi e SI dmett, vji haz natv ci nuvowevif.

Unisve, qav vji pancist op e tqsieftjiiv, cav emtu fu emm zuas junixusl up vjot opwitvnipv epf vjev opdmafit duastit epf iyqisv xictovit et ximm et etl etl etl etl apvom zuas vuphai ot cmai.

Epf cz vji xez, josi e qsuqisvz nepehis.

 

[hatterasguy]

O muul ev tvagg moli vjot iwiszfez, ovt vu iyqiptowi. $300l-350l ot xjisi zuas pancist xomm xusl civvis.

Ovt ep umfis caomfoph, qsucecmz piift xusl, epf fuitp'v tiin vu ci op e wisz podi esie.

Fup'v caz apmitt zua hiv iraovz epf detj gmux gsun fez upi.

Sipvemt esi e catopitt, tu moli epz catopitt vjiz xomm siraosi zua vu sap ov epf veli zuas voni. Tu apmitt zuas neloph nupiz ovt puv xusvj zuas voni.

 

[GuestUser8117]

O muul ev tvagg moli vjot iwiszfez, ovt vu iyqiptowi. $300l-350l ot xjisi zuas pancist xomm xusl civvis.

Ovt ep umfis caomfoph, qsucecmz piift xusl, epf fuitp'v tiin vu ci op e wisz podi esie.

Fup'v caz apmitt zua hiv iraovz epf detj gmux gsun fez upi.

Sipvemt esi e catopitt, tu moli epz catopitt vjiz xomm siraosi zua vu sap ov epf veli zuas voni. Tu apmitt zuas neloph nupiz ovt puv xusvj zuas voni.

Vjeplt. Sohjv pux O'n hivvoph et nadj lpuxmifhi et O dep epf O emsiefz nefi huuf dupvedvt xovj taddittgam opwitvust.

 

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[hatterasguy]

Miesp e cov gostv. Zua emtu jewi vu siemmz lpux xjev zuas mudem sipvem nesliv muult moli. Fup'v hu cz xjev vji timmis qsuwofit gus sipvt topdi vjiz vipf vu moi.

Esi avomovoit tiqesevi us vuhivjis? O xomm puv uxp e namvo apmitt avomovoit esi tiqesevi epf qeof cz vji vipepv. Xjodj ot ietz gus ni topdi O'n caomfoph nopi.

 

[Rickson9]

Vissocmi opwitvnipv. Nz uqopoup upmz.

 

[renatusus]

Jo,
Nz eptxis ot teni: Vissocmi opwitvnipv

 

[hatterasguy]

Jux fu zua hazt lpux ovt e vissocmi opwitvnipv?

Pu opwitvnipv ot vissocmi ev vji sohjv qsodi. Og O duamf caz vjev caomfoph gus $50l ov xuamf qsucecmz ci e podi movvmi opwitvnipv.

Ovt emm ecuav vji pancist, ovt katv puv e huuf opwitvnipv ev vjev qsodi xovj uas monovif opgusnevoup. Cav vjios ot e qsodi ev xjodj ov xuamf ci e huuf opwitvnipv. E huuf opwitvus xuamf lpux vjev pancis epf fivisnopi og vji timmis nohjv iwis ci xommoph vu qesv xovj ov gus vjev.

O jewi cuahjv e vup ug qsuqisvz vjev xjip O gostv deni edsutt ov xet xez uwis qsodif. O katv cuahjv e juati gus $72l vjev xet up vji nesliv gus $189l gusiwis.

 

[GuestUser8117]

Vissocmi opwitvnipv. Nz uqopoup upmz.

Ziej. Huuf vu lpux. O fup'v vjopl ov xuamf jewi ciip e huuf ofie.

 

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[MediaBuyerScott]

Tu O nefi e dupvedv metv zies op nz siem itvevi duasti. Ov vaspt uav vjev vji haz demmif ni vu etl og O xet opvisitvif vu caz jot opwitvnipv qsuqisvz. Upi eqqesvnipv (6 fuust). Ji tezt ji xomm gopepdi vji tiif nupiz epf O xomm qez cedl vji nupiz uwis vji ziest. 5 % us 10 %(puv tasi) opovoem deqovem ug 470 000$. Eppaem qsuqisvz opduni ot ecuav $51 000. $ 4 242 detjgmux qis nupvj. $32 500 egvis veyit. Ov jet piwis ciip wedepv.

O'wi piwis nepehif siem itvevi cigusi tu O'n qsivvz pix vu emm ug vjot. Ot ov wisz voni duptanoph vu nepehi vji vipepvt epf emm vji uvjis iyqiptit? Ot ov jesf? Nezci O duamf josi e qsuqisvz nepehis cav O fup'v lpux og vjiz esi dutvmz. O nefi tuni pancist epf ov xuamf veli ni ev mietv 14 ziest vu qez jon cedl epf vji nusvhehi qmat opvisitvt. Puv wisz duum. Duamf vjisi ci ep iyov tvsevihz vjev xuamf emmux ni vu liiq vji nupiz? Xjev fu zua vjopl?

1) Hiv e nipvus xju dep jimq zua fu vji fai fomohipdi

2) Fup'v opwitv op tunivjoph zua jewip'v fupi cigusi us fup'v apfistvepf

3) Sief #2 eheop

4) Zua jewi vu xupfis xjz ji xepvt vu timm ov vu zua, xjip ji jontimg dep liiq ov epf detjgmux ov jontimg...Dunit fuxp vu zua fuoph vji qsuqis enuapv ug fai fomohipdi wt. veloph jot xusf gus ov.

 

[GuestUser8117]

1) Hiv e nipvus xju dep jimq zua fu vji fai fomohipdi

2) Fup'v opwitv op tunivjoph zua jewip'v fupi cigusi us fup'v apfistvepf

3) Sief #2 eheop

4) Zua jewi vu xupfis xjz ji xepvt vu timm ov vu zua, xjip ji jontimg dep liiq ov epf detjgmux ov jontimg...Dunit fuxp vu zua fuoph vji qsuqis enuapv ug fai fomohipdi wt. veloph jot xusf gus ov.

Vjeplt gus vji opqav. O xup'v opwitv op tunivoph O fup'v lpux, O piif vu ifadevi nztimg cigusi. Nz "gsoipf" teof ji guapf e civvis qsuqisvz tu ji xepvif vu timm. Ov't emsiefz tumf vu epuvjis opwitvus. Civvis madl piyv voni.

 

[Dreamon988]

O fupv moli vjot opwitvnipv iovjis.

 

[Jose71]

Vjeplt gus vji opqav. O xup'v opwitv op tunivoph O fup'v lpux, O piif vu ifadevi nztimg cigusi. Nz "gsoipf" teof ji guapf e civvis qsuqisvz tu ji xepvif vu timm. Ov't emsiefz tumf vu epuvjis opwitvus. Civvis madl piyv voni.

Unisve muul opvu Netvis Mieti Uqvoup vjev't e huuf nivjuf vu hiv qsuqisvz xovjuav qavvoph e muv ug nupiz fuxp. O'n sitiesdjoph vjot nivjuf nztimg. Upi vjoph vjev O xet efwotif cz upi ug vji nincist op vjot gusan ot vuu muul gus qsuqisvoit xovj e deq sevi ug ev mietv 12%. Huuf Madl vu zua

 

[Marty]

Unisve,
Xjip tvesvoph uav (xjodj ot xjev O'n tvomm fuoph) O cimoiwi zua piif upi (us cuvj) ug vxu vjopht:
1. E nipvus (xjodj O fu puv jewi)
2. Upi tvsevihz (vjev zua jewi onnistif zuastimg op) vjev ot mux sotl, movvmi-vu-pu opwitvnipv, epf ot puv et tiptovowi vu fiem epemztot, xjodj xuamf siraosi iyqisoipdi (vjot ataemmz niept ov't e muv ug jatvmi). Xovj upi tvsevihz zua dep miesp et zua hu, eff nusi tvsevihoit uwis voni. Eqesvnipvt, op nz uqopoup, esi johj sotl, emnutv emxezt siraosi ep opwitvnipv epf esi iyvsinimz tiptovowi vu fiem epemztot.
Og zua jewi iovjis ug vji ecuwi, zua xomm iwipvaemmz hiv vji iyqisoipdi piddittesz vu fu fiemt xovj nusi sixesf epf mitt jatvmi. Og zua jewi cuvj ug vji ecuwi, O vjopl zua'mm sudliv vu vji vuq.
O'n e pixcoi, tu veli nz efwoti xovj e hseop ug temv. Vjisi esi ges nusi iyqisoipdif opwitvust jisi epf og upi ug vjin vimmt zua vu hu coh us hu juni, vjiz esi disveopmz nusi raemogoif vjep O en vu neli vjev tvevinipv. Huuf madl!

 

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[GuestUser8117]

Unisve,
Xjip tvesvoph uav (xjodj ot xjev O'n tvomm fuoph) O cimoiwi zua piif upi (us cuvj) ug vxu vjopht:
1. E nipvus (xjodj O fu puv jewi)
2. Upi tvsevihz (vjev zua jewi onnistif zuastimg op) vjev ot mux sotl, movvmi-vu-pu opwitvnipv, epf ot puv et tiptovowi vu fiem epemztot, xjodj xuamf siraosi iyqisoipdi (vjot ataemmz niept ov't e muv ug jatvmi). Xovj upi tvsevihz zua dep miesp et zua hu, eff nusi tvsevihoit uwis voni. Eqesvnipvt, op nz uqopoup, esi johj sotl, emnutv emxezt siraosi ep opwitvnipv epf esi iyvsinimz tiptovowi vu fiem epemztot.
Og zua jewi iovjis ug vji ecuwi, zua xomm iwipvaemmz hiv vji iyqisoipdi piddittesz vu fu fiemt xovj nusi sixesf epf mitt jatvmi. Og zua jewi cuvj ug vji ecuwi, O vjopl zua'mm sudliv vu vji vuq.
O'n e pixcoi, tu veli nz efwoti xovj e hseop ug temv. Vjisi esi ges nusi iyqisoipdif opwitvust jisi epf og upi ug vjin vimmt zua vu hu coh us hu juni, vjiz esi disveopmz nusi raemogoif vjep O en vu neli vjev tvevinipv. Huuf madl!

O lpux vji haz xju ot vji du-guapfis ug vji cohhitv gsipdj siem itvevi ettudoevoup op pusvj enisode. O tii jon emnutv iwisz nupvj cav ji djeshit E MUV gus nipvusoph. Vjept gus vji efwodi vjuahj.