
5 August 2016 | 14 replies
97 units studio $630/mo per unit (7) $4,410/mostudio $630/mo per unit (7) $4,410/mo 1b1b $785/mo per unit (20) $15,700/mo 1b1b $795/mo per unit (19) $15,105/mo2b1b $875/mo per unit (28) $24,500/mo2b1.5b $930/mo per unit (16) $14,880/mo100% occupancy @ current rates yield $79,005/mo $948,060/yrThe next numbers in this section are according to one of the listings I found and are not verifiedGross Annual Expenses: $446,168Gross Annual Income: $853,658 Net Annual Income: $407,490 Insurance Expense: $37,902Major Variables Seller's financials all currently unknown-bank deposits-expenses-taxes-insurance-management-maintenance-staff-lawsuits between tenants and owner-current occupancy of each floor plan (something online said 95% but, I doubt it)-delinquenciescondition of-structure-hvac-roof-plumbing old needs maintenance -foundation-parking lot-pool pumps/cleaningNoticeable areas of improvementexterior paint, shutters, landscaping need updatingpool and pool area is small and uglyoffice needs to be remodeledmarketing: nonewebsite sucksreviews give 3 stars at bestreviews online from tenants state there is only 1 maintenance person and multiple plumbing problems and poor management and possible pest control problemsOther notablesBeen on realtor.com for 361+ daysmature treessoccer field (could be re purposed)year built 1974class c complexPets okreviews online from tenants state there is only 1 maintenance person and multiple plumbing problems and poor management remodeled in 2010On the UNT bus route

16 June 2017 | 9 replies
As a former active duty military member, I can assure you his global cash flow is borderline poverty level.

22 August 2017 | 16 replies
Mold is very scary, but can often be re-mediated fairly easily.

13 August 2017 | 0 replies
A family member is looking to replace his current property manager for a property he owns in NorthEast DC.

20 July 2017 | 22 replies
There are lots of ways for a property to be re-introduced as 'new', including price changes, new photos being added, being temporarily withdrawn then re-activated, etc.Sorry for the long response, but I hope that it helps.

13 May 2017 | 13 replies
I've been much just been a silent reader and a non-contributing member. I

19 June 2017 | 2 replies
So I'm walking my first potential flip property with a friend and potential partner who's family member is willing to lend on a flip.

30 April 2016 | 8 replies
However, recently I discovered the value of the forums and want to get more involved and become a more active member! I

25 May 2016 | 14 replies
I've attended some of the REIN meetings but am not a member. I

18 May 2016 | 5 replies
I would like to start off by saying that I am proud to announce that I am now a BP Pro member! (I