Ron Sharp
Looking to buy my first rental: an 8 unit apartment
28 March 2018 | 4 replies
If you put stock in CAP rates (I don't) you are looking at below 5%.Additionally, you would require a larger downpayment to bring your Break-Even-Ratio (BER) below 85% and your debt coverage ratio (DCR) over 1.25 (in my experience, commercial lenders like to see 1.4 or better).While market rent may be greater, remember you are paying for the current performance of the business, not it's potential - which will require further work and capital from you to achieve.
Carlos Pelegrina
Looking for a GC in Cleveland.
28 March 2018 | 1 reply
I would try the "next door" app or seeing if there is a FB group for investor in that market.
Devin P.
What Apps are currently being used
12 April 2018 | 2 replies
What are you looking for the app to do? Or
Dori Arazi
3 duplexes, 1 parcel?
29 March 2018 | 4 replies
You might have a better time if you put down a larger percentage.
Cody Bain
22 y/o Active Duty, Buy or Rent in Pensacola, FL?
5 May 2018 | 26 replies
Fast forward a year... that 4plex is rehabbed, fully rented out, and cash flowing $500 per door.
Andrew Stegmann
IUnethical Birddogging with Commercial Broker’s MLS access?
28 March 2018 | 2 replies
I figure getting a saved search set up with a few commercial brokers would make finding larger scale commercial deals that I could present to him easier, allowing me to provide more value to the relationship.
Michael J.
Keeping up with house trends like finish, paint etc.
28 March 2018 | 1 reply
One example is someone told me recently that a red toned door was hot now, in their area at least.
Justin Swann
Locking Egress Door
29 March 2018 | 10 replies
My question is if there is any law/fire rule against locking the front door if they have another door and other paths of egress.
Nikelle Perry
Residential to commercial
3 April 2018 | 4 replies
Commercial brokers typically do not have time to be bombarded by questions when in a transaction just so someone not buying can get (trained up).Reminds me of a car audio business sign I saw one time hanging in the front door decades ago.