Kon Zel
Memphis MultiFamily Investors - Need some advice
25 September 2024 | 7 replies
A-Class areas should have lower crime rates compared to C-Class.Amenities:A-Class neighborhoods have diverse shopping options and amenities (e.g., Chick-fil-a, Wholefoods).B-Class areas often feature Walmart and Dollar Stores.C-Class neighborhoods usually have fewer amenities and more basic stores.Schools:A-Class areas may have access to better private or charter schools.
Daniel Sabato
Struggling to get started with my first multi-unit
27 September 2024 | 14 replies
However, the best way to get market rents is to call local competitors of multifamily buildings and "secret shop" them as if you were a renter.
Darrick Lowe
How to split heat and hot water amongst tenants?
27 September 2024 | 14 replies
Each is about the size of a large plastic container or shopping cart, and they mount right to the wall.
Joel Betances
Closing cost looks high
23 September 2024 | 7 replies
Closing cost $9,989 While the $10,000 in closing costs appears to be high for a $68k loan, realize close to $3500 of it is taxes and prepaids.Of the $6,000 that are true closing costs, $2000 you can shop for (which I do not think you will do better).
Elizabeth Rose
Philadelphia rowhome stucco water intrusion - possible negligence by city
20 September 2024 | 14 replies
Ultimately this is a risk associated with purchasing a property where both adjacent buildings have been demolished.
Cheng Chu
Dallas Suburbs that still has price appreciation potential
23 September 2024 | 11 replies
It will come, but you will likely have to drive for shopping, eating, activities.
Michelle Bowes
Insurance on a residential 10-plex
24 September 2024 | 3 replies
I have had some success going through someone named Kim Butler in my local OKC market, and she is usually able to shop multiple insurance companies when I run into a more unique scenario such as multi-unit properties.
Austin Fowler
Getting started in multifamily development
21 September 2024 | 1 reply
The current owner has worked in the business since 1981, and owned it since 2007.Key features:- $25k minimum investment- 4 year timeline, projected annual IRR 35% and equity multiple 3.12- adjacent to public transport, in a suburb where there is both housing demand and limited supply.- operator has built and filled a similar development nearby- You can find pictures and numbers on some of the buildings they have built and are building here (https://lnkd.in/gfbdvtnf).- You can find a profit calculator spreadsheet here (https://lnkd.in/g-2m_vZA).
Don Konipol
Wealth Enhancement Strategies for Real Estate Investors
24 September 2024 | 0 replies
Example - I purchased an automotive shop with all the equipment intact at a bankruptcy auction for $117,000.