Mordy Chaimovitz
Crazy prices on 2 and 3 flat buildings in chicago
13 January 2025 | 11 replies
Even if you tell me they are paying cash or very high down payments , shouldn't the price of multifily buildings reflect its NOI/cap rate?
Garrett Ramela
What's going on with Azibo? Any recommendations?
19 January 2025 | 2 replies
When you have employees promoting the platform like it is the best platform ever and free accounting services, it was going to go down sooner or later.Pretty sure their other services are going to go down shortly.Baselane is offering assistance I believe, but they are just like Azibo.
Bryan Hartlen
Anyone have good experiences with their property management company?
18 January 2025 | 11 replies
It’s probably not that you’re “small potatoes” to your PM, but more a reflection of the nature of the market itself—low rents, properties with higher maintenance needs, and tenant issues.These factors make properties in these neighborhoods more difficult to manage and generally less profitable for property managers.
David Ivy
Austin Market Report - December 2024
18 January 2025 | 1 reply
This reflects continued demand despite economic headwinds*Pending sales increased 3.1% in the metro and decreased 2.2% in Austin proper.
Joshua Land
Converting duplex to assisted living facility how to
18 December 2024 | 2 replies
You could start by reaching out to any local corporations that do assisted living in your area and see what they are looking for (location, space specs, etc).
Devin James
To those who consider themselves very wealthy, is wealth worth what is takes?
20 January 2025 | 48 replies
If it does, then it may be worth reflecting upon.
Ian Morales
Looking for rockstars referrals in Southern Florida
18 January 2025 | 0 replies
To ensure a smooth process, I am seeking a referral to high-performing real estate agents with experience assisting military members in navigating this journey.Attached to this message is a link detailing the basic criteria for the type of property I am looking for.Thank you in advance for your assistance and support!
Rose White
Tenant Background Check
15 January 2025 | 6 replies
If you have gross income of $3k but ongoing bills of $1800 we know it may cause a financial hardship so that reflects in our scoring system.Hope this helps, but in my experience an interview is:a.
Akshay Monga
Automating Deal Analysis: Programmatically Pulling MLS Data & Rating Property Conditi
2 January 2025 | 0 replies
One of the key inputs is a score reflecting a property’s condition (based on listing photos).
Steve Stinson
2025 Investment Report: Fourplex Investments in Huntsville, AL
20 January 2025 | 2 replies
Cash Investment Report: 4-Plex Investment in Huntsville, ALInvestment Overview Property Type: 4-Plex Purchase Price: $450,000 Gross Monthly Rent: $900 per unit ($3,600 total) Annual Gross Income: $43,200Operating Expenses Property Taxes: $4,500 annually Insurance Costs: $2,000 annually Property Management: 10% of gross rent = $4,320 annually Miscellaneous Expenses: $25 per unit per month = $1,200 annually CapEx Reserve: 10% of gross rent = $4,320 annually Total Annual Operating Expenses (Excluding Rehab):$4,500 + $2,000 + $4,320 + $1,200 + $4,320 = $16,340Net Operating Income (NOI) NOI Calculation:$43,200 (Annual Gross Income) - $16,340 (Operating Expenses) = $26,860Cap Rate Cap Rate Formula:✓
Cap Rate = ($26,860 / $450,000) × 100 = 5.97%One-Time Investment Costs Rehab Costs: $10,000 (one-time upfront investment) Total Cash Required (Excluding Financing): $460,000Investment EvaluationStrengths: Competitive Cap Rate: 5.97% aligns with national averages and reflects a stable investment in a growing market.