Purchase price: $15,250,000 Cash invested: $60,000 184 unit, stabilized Class B assetValue add focused on amenities and interiors What made you interested in investing in this type of deal?

Any advice appreciated,Sara B

Pick a solid B-Class suburban area.

Best,David B

Let's assume you just purchased a 100 unit class C in a class B/C area.

Here is a rule of thumb:NOI = Gross rents x 50% (this is the 50% rule and it applies for properties in B/C areas; lower for A and new builds and higher for D/F properties)You can submit an LOI if based on this assumed NOI the deal makes sense.

I don't need to install these, b/c there is a laundromat a 5 min walk away.

Which neighborhood are B-C class?

@Pauleen B Atkinson  For the 95% cash out program, requirements are low debt to income ratio (35% or under), and 680 credit, primary residences only. 

Also be sure to check out our free eBook, "Using BiggerPockets to Grow Your Business" for tips on the best ways to interact with BiggerPockets' members to increase your exposure and build your business.You can get it at http://www.biggerpockets.com/b... for understanding.