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Results (10,000+)
Steven Gesis Purchasing 100+ MultiFamily Apartment Building - Needs Renovation
11 July 2018 | 27 replies
So, here it is, I love SFR, I have A LOT of SFR, over the course of the last two years, have been dipping into the Multi-Family space and now graduating to 100+ units - still buying lots of SFR (I just cannot contain myself :) ) 10 Reason(s) I love SFR:Higher RentsLess Turn-OverCan be more strategic with purchase location and typeMore of it available in the marketplaceLike the idea of a single home, single transaction, single & quick exit plan Financing Readily AvailableManagement System and Controls in Place (internal function)Construction is streamlined with all standard products in ALL SFR unitsTenant Responsible for Exterior & UtilitiesSimple, Simple, Simple and can be replicated easily/swiftlyAs I have been trying my hand at Multi-Family, it is similar but not the same and many will argue you gain more efficiency with Multi-Family but, you equally gain more challenges:Larger Common Expenses: Cleaning, Exterior Maintenance, More Placement, Common Area Utility CostPotentially higher turn-over (frequency of turnover)Same material buying power as lots of SFR (Construction side) In-Fighting amongst tenants (always a fun one)Larger Capital ExposureProgressing into this next phase, after slowly moving from 2-unit, 4-unit, 8-unit, 12-unit, 21-Unit, 36-Unit, 40- Unit - now to 100+ Units, all had own challenges - but the goal has always been the same, take something that's old, undervalued, do an awesome renovation, raise rents and replace existing tenants with higher quality teantns willing to pay a small premium to live in an updated unit as opposed to your typical run of the mill apartment (existing tenants  have the option to upgrade to the new premium units or exit) -My question for BP Community what amenities are important to you - adding the following, please feel free to contribute or comment:USB Outlets in all rooms (including bathroom)Tile Shower SurroundHard Surface CountersStainless Steel AppliancesNew Luxury Vinyl Tile Flooring High-End Glossy European Style Kitchen CabinetsLake View (Unobstructed 270 degrees) Updated Elevator Cars Fancy Modern Lobby with Coffee Station and Dry Cleaner Kiosk (drop-off and pick-up)New Kids playgroundNew Dedicated Dog Park (Real Dog Park)SmartHome HUB (Powered by Amazon Alexa)Electric Car Charging StationBike Station and In-Unit Bike RackPrivate and Secure Fenced in Parking8th Floor Rooftop Deck and Community Center featuring (Large Format TV's, Ping Pong, Billiards) - with Full Lake ViewOn-Site Coin Operated Laundry.............What would you be willing to a pay premium for?
Austin Gallogly International Retirement Programs
23 February 2017 | 3 replies
First, if you are thinking about retirement I would definitely recommend looking into some international retirement programs.
Christian Ivanov Cheap kitchen cabinets in Chicago
25 April 2017 | 8 replies
Aline International in Mokena is a wholesaler to contractors, dealers, etc.?
J Scott Commercial Liability Policy
30 January 2014 | 37 replies
@J ScottHi Scott,I'm an intern at a commercial liability insurance company in Wayne, PA (15 miles outside of Philadelphia) and they have a ton of real estate investor clients.
Jonny Lambert Is this a DEAL?
9 April 2014 | 6 replies
@Jonny Lambert I think most international investors have no idea about buying US rentals.
Jason Burton Enterprise, AL
11 February 2021 | 20 replies
I know the International Building Code 2009 (Enterprise ‘s current Building Ordinance) has a Modification Clause; which allows the Building Inspector to modify their acceptance to inspection based on their individual discretion.
Arlen Chou How do you, tax efficently, move money between your REI entities?
25 March 2015 | 10 replies
Although I am fairly comfortable with the mechanics of buy/hold, I am still trying to figure out the best way to move money between various "internal" entities.  
Sterling Williams Hello from San Antonio (Multifamily Realtor)
27 February 2018 | 5 replies
I'm looking to build a referral network of agents who specialize in multifamily properties around the country as well as internationally.
J. Martin Best Places in US & World to Spend RE Profit? Show me your City?
12 April 2016 | 45 replies
We've been doing it for about 2 years now - helping to connect the international community of investors and get people talking and sharing resources.What type of properties are you investing in Thailand?
Thomas Kuebel Home Partners of America
11 June 2020 | 9 replies
They explained these are "internal closing costs" and refused to provide me a breakdown of such.