All Forum Posts by: Account Closed

Hi Ellie,

Thanks for the info and you have a beautiful website! What are your thoughts on this strategy? If I were to start small with a 10-20 unit. I get pre-approved for a conventional loan and use that as a down payment?

Hey BP, I am getting familiar with BP’s rental property calculators to analyze multifamily apartment buildings. I am having a little difficulty estimating the landlord’s portions of maintenance/expenses.

When analyzing a 4, 8, 12 or 16 size apartment building. How do you determine what the water/sewer, the electrical cost in the common areas that the landlord is responsible for, the lawn maintenance, garbage and any other expense that the landlord would be responsible for?

How do you learn the general ranges for each category? Are there resources out there to help you determine these values for different size buildings or different parts of the country or do most people just use a very general range for each category?

Thanks,

Aaron 

Hey BP, I have 250k in equity in my primary residence and want to get in to the rental property game for cash flow. The goal is 10k in passive income via multifamily apartment buildings. I have good credit and have many years of tax returns with six figure plus income. What strategies should I research for my first investment property? Apply for a mortgage, get a HELOC, find a seller financing deal…etc?