All Forum Posts by: Account Closed

Hey everyone, 

I am analyzing a deal right now for a 26 unit apartment complex. I know on larger properties (50+ units) it is common to have an onsite property manager and the fees are between 4-6% plus payroll costs for the onsite manager. For a smaller complex like this, should I budget for payroll expense as well? The current owner self-manages the property so I cannot gauge a true management cost. Typically I would factor in $900/door for payroll cost plus a management fee.  Any thoughts on management fee % and payroll expense would be greatly appreciated. 

Mike

@Tony Velez, I bought a 200+ unit apartment complex using direct mail and I was direct to the seller...

Hello All,

I have gaining a great amount of knowledge from BiggerPockets and as a fairly new investor (9 Months) the biggest problem I have faced is finding a buyer for apartment complex's. We had a gentleman drag us along for 6 months and then decide last minute since he couldn't find a buyer that he is out. Any ideas or suggestions would be greatly appreciated?

... Do you think it is a good time to buy an apartment building? Or will we see more renters buying homes? ...

Hello,

Is there a way to find out equity in a home without getting an appraisal?

I was looking at forclosures and saw an apartment buildings that was on the List. I though you could buy these  on the court house steps  like single family properties, is this not correct? Someone I know said no?!? 

hi i owned the small single family house in fort wort, TX.  its all paid house no mortgage on it. title is only under my name. Approx value $60000.00 i dont have enough income to to cash out refinance. some lenders are saying loan amount is too small so they cant do it. 

can I sell the house to my wife and get cash to invest more? i dont want to sell to 3rd person because it has good rental income. 

thank you

We are looking for a Hard Money lender to help us with the purchase of our flip. We have a contract, two independent evaluation reviews of the home, a bid for the repairs from the general contractor who will be doing the repair work. We have had some bad luck with lenders in the past and should have closed on this home back in early June. Low credit score do to medical issues have kept me from going to traditional loan. If you can help me please let me know. Thanks!

Hi Guys, how to find out which bank own a property? How to contact them, make an offer and negotiate?

Please help.

Merci.

Guillaume