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11 July 2015 | 11 replies
The property has a 2 unit townhouse then has 2 individual 2 bed room houses all deeded as a single lot.When I run it through the BP Rental Calculator it's telling me that if I can get the place for $85k, if I assume 8% vacancy, 7.5%CapX, 10% Maint/Repair, and a $185/mo insurance bill, it's telling me I'll still net less than $55/unit monthly.
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13 July 2015 | 10 replies
If anybody has any bread and butter properties with at least 3 beds and 2 baths with at least a 70% ARV let me know!
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8 November 2019 | 6 replies
Donot keep that crap laying around it probably has bed bugs or roach eggs in it
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12 July 2015 | 2 replies
Many counties have their tax and courthouse documents online, and you can find out things like the square footage, beds, baths, age, construction info, etc.
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19 July 2015 | 2 replies
We own 3 duplexes (each is 3 beds, 1-2 baths), and a 7-plex (1-2 beds, all 1 bath).Qualified companies will have;- at least 3 years experience in property mgmt.- ability to use (or learn) Buildium property mgmt CRM system- be able to provide 3 customer references (I will check them)- Have experience managing properties in the Seattle areaPls PM me if interested.Thanks to all, Micah
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14 February 2019 | 21 replies
How about getting it licensed as a Bed & Breakfast or Hostel?
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26 July 2015 | 7 replies
Current Asking Price $213,500 4 unit apartment building in nice area built in 1956 (no washer and dryer in each unit), 868 SF per unit, Each 2 bed 1 bath (Similar market rents $650-$1100 depending on quality)My Estimates Current Rent $615/ unit - $29520/yearVacancy @5% $1476/yearRepairs & Maintenance $4800/yearUtilities $3600/yearTaxes $4032/yearInsurance $1440/yearReplacement Reserve $1920/yearNOI = $18408@ cap rate of 8% property value is $153,150but if i get the rents to $750 a unit that brings property value to $230,000 and cash flowing $4900 per yearShould I buy for $213,500...Asking Price was $250,000 and they won't come down another pennyappreciate the advice
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9 August 2015 | 10 replies
We just bought a phoenix 2, 1 bed/1 bath.
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14 July 2015 | 7 replies
Just got a call last week that they are now having a bed bug issue (not surprised after visiting the unit and seeing how filthy everything is).