Jeff Ford
Seller request???? advice please
30 May 2015 | 8 replies
I've very successfully renegotiated the price after inspections uncovered issues.
Gregory Massi
How to properly vet a tenant
17 June 2015 | 3 replies
If you uncover any concerning issues you can go over them with the applicants before signing.I'd also recommend going through the lease, explaining any important restrictions and the penalties.
Michael Noto
What "Treasures" Have You Found While Rehabbing Houses?
26 June 2015 | 22 replies
We put it up for sale on Craigslist for $300 a couple days ago and had someone pick it up today and buy it for $250.That made mew think that with all of the active investors we have here on BP, some of you must have some cool or not so cool "treasures" you uncovered while rehabbing homes.
Tristan Cortez
The best case for buying apartment buildings ever!!
8 July 2015 | 13 replies
These are not always readily available, but when they become available they could turn out to be terrific buys.I've always focused on value add and opportunistic investments in commercial, but having developed an interest in MF recently I've started to uncover more and more MF value add properties in the markets we're focused on for acquisitions.Buying them requires more hands on commitment other than simply management, but the value enhancement can be significant.
Hai G.
Landlording - Service Providers
4 July 2015 | 6 replies
I share the properties between the providers and can gauge their performance and price.The responses are great and they cover items within the infrastructure such as AC/heater,electrical, plumbing, garage door etc.If there is anything uncovered that needs to be fixed, my broker connects me with local handy men or professionals to take care of those issues.One of the providers, https://www.ahs.com/ charges $75 per call.
Nick Ruffini
Help me Understand my return
14 October 2021 | 8 replies
The best way to explaining this is for you to download an IRR calculator spreadsheet or build your own simple one and play around with one.For what its worth most deals I deem meeting minimal IRR standards is 13-15% but you have to dig a little deeper to uncover the real placements of cashflows and capitalization events... and then dig even deeper to verify the assumptions such as occupancy, rent increases per year, and what reversion cap rate was used.Again I don't look for IRR cause its manipulated a lot instead I look at total return on a 5 year basis.
Jared Adam
Getting started-problems focusing and creating plan
14 October 2021 | 5 replies
These can seem simple but our great foundations for uncovering a great deal.
Elvy Harris
USN Veteran Real Estate Noob
20 October 2021 | 6 replies
Do your best to find some lenders that are VA saavy to make sure you are uncovering all the potential benefits that are open to you.
Gabe Goudreau
Understanding Internal Rate of Return
3 November 2021 | 3 replies
The best way to explaining this is for you to download an IRR calculator spreadsheet or build your own simple one and play around with one.For what its worth most deals I deem meeting minimal IRR standards is 13-15% but you have to dig a little deeper to uncover the real placements of cashflows and capitalization events... and then dig even deeper to verify the assumptions such as occupancy, rent increases per year, and what reversion cap rate was used.Again I don't look for IRR cause its manipulated a lot instead I look at total return on a 5 year basis.
Eric Lee Nation
What Could Be Done Better
8 November 2021 | 11 replies
Sometimes trying to save $50-$100 will cost you thousands in uncovered claims.