Lisa Jones
Need help! Please analyze this deal...
6 August 2018 | 9 replies
It’s also in a city I know very little about (Norfolk, VA) here are the numbers- I welcome your thoughts/ insights:$259k - sales Price (4- unit building fully occupied)$1460- total mortgage payment (after 25%) down $305- Property Management Feee (10%)$105- trash (total water is $315 p/m but seller bills water to tenants and has it written in the lease)$60 - lawn careTotal rents are $3050Owner says monthly expenses are low.The best case scenario is net income of $737 assuming $400 extra monthly expenses (for worse case scenario unexpected expenses which always come up) and assuming all the tenants pay their rent.Positives- - Seems to be a good cash flow if expenses are kept low and everybody pays- 4-plex is located in an 85% residential area- building is ok condition (built in late 70’s) except roof is 18 yrs old- all tenants are gainfully employedConcerns- while the neighborhood visually looked fine, according to crimemapping.com its a moderately high crime area.
Michael Wayne Fraze III
Does anyone own short term vacation rentals on the east coast?
14 August 2018 | 15 replies
@Chris Watson Thanks for the visuals - helpful.
John Park
Tenant sees a ghost. What should my response be?
15 August 2018 | 117 replies
If the EMF level is extremely high, it can actually make people have visual and auditory hallucinations.
Nicole S.
Should I be concerned investing in an older property? (1920)
14 August 2018 | 5 replies
Since it’s mostly visual.
Jamie Pluszczynski
Was going to fix and flip... might BURRR OR
14 August 2018 | 2 replies
They're probably quite a bit different and hard for me to visualize our geography is probably quite a bit different.
Axel Meierhoefer
Is Airtable a software BP members endorse/suggest?
19 December 2020 | 10 replies
If you're quick at learning a new tool, tired of Excel, need to collaborate with others and/or are a visual learner, I definitely recommend it!
Jo Faraday
To stage or not to stage..
10 July 2018 | 3 replies
Now I prefer to look at homes empty, but as a designer (computer, but designer nonetheless), I can visualize things better than some I suppose.
Lynne MacFarlane
What counts as a lender’s appraisal?
10 July 2018 | 4 replies
We are in escrow and we paid our mortgage lender for an appraisal but the appraisal had no analysis, only photos, this doesn’t offer any information, only a subjective visual report, correct?
Account Closed
Property Manager or Landlord First rental
14 August 2018 | 14 replies
This is my house and someone who is in charge of "watching" it, for pay, did not even visually inspect the house.
Ethan S.
Visually Analyzing Rental Property Deals
19 July 2018 | 0 replies
Hello all, first time poster here.I've recently been looking into rental property investing and after watching several videos and reading blogs, I'm still confused on one thing: how to visually analyze a deal.All the videos and blogs talk about analyzing the numbers.