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Results (3,560+)
Allen B. Stepping up to multi-family, Chicago area
26 November 2020 | 9 replies
Happy to detail via PM.In the past, I bought mostly uninhabitable SFRs but that feels like too much to bite off at this level.
Terry Royce Bandit sign phrases
7 May 2009 | 2 replies
I BUY houses I take over PAYMENTS 602-555-1234It's worked for me in the past, I haven't done it in a long time and just ordered a few today with the same exact phrase.
John Zoulis Multifamily Construction Cost feed back needed/ADVICE
25 September 2015 | 4 replies
I am looking at a project that is  a historic building that sits in an Acre and is 8700sf . very walkable to lots of amenities,restaurants,grocery, schools, government offices e t c.in the past i have remodeled SFH ,renovated industrial builings to retail centers (sizes up to 15000sf)Project Scope: i am thinking retrofiting and add an addition and have aprox 32 units of apartments with elevator, and finishes stainles appliances,granite tops, study says that target tenants are milenials,retiress and due to proximity to government offices government employees.current rents go for 1bed 900-1000 and for 2 bd 1100-1200  . the sf need for 1 bed is 800sf ( should be able to rent according to the study for $1200)and for the 2 bed is 1200sf( should be able to rent according to the study for $1400)for this area.14  1 bed x $1000 =$14000 x12=$168,000. year18   2bed x $1200 =$21600x12=$259,000 yeartotal yeqarly income $427,000.00 -8%$34,160)vacancy (study says 3% for this area)=$392,840.00 yerly gross income.using current rents for fast stabilization as the goal is a non recource loan.i have couple questions that i would greately apreciate your input. 1)is it worth going after tax credits and how do i find more information?
John Zoulis FINANCING FOR MULTIFAMILY NEW CONSTRUCTION
26 September 2015 | 1 reply
I am looking at a project that is a historic building that sits in an Acre and is 8700sf . very walkable to lots of amenities,restaurants,grocery, schools, government offices e t c.in the past i have remodeled SFH ,renovated industrial builings to retail centers (sizes up to 15000sf)Project Scope: i am thinking retrofiting and add an addition and have aprox 32 units of apartments with elevator, and finishes stainles appliances,granite tops, study says that target tenants are milenials,retiress and due to proximity to government offices government employees.current rents go for 1bed 900-1000 and for 2 bd 1100-1200 . the sf need for 1 bed is 800sf ( should be able to rent according to the study for $1200)and for the 2 bed is 1200sf( should be able to rent according to the study for $1400)for this area.14 1 bed x $1000 =$14000 x12=$168,000. year18 2bed x $1200 =$21600x12=$259,000 yeartotal yeqarly income $427,000.00 -8%$34,160)vacancy (study says 3% for this area)=$392,840.00 yerly gross income.using current rents for fast stabilization as the goal is a non recource loan.i have couple questions that i would greately apreciate your input. 1)is it worth going after tax credits and how do i find more information?
Kama Ward Vaulting ceilings
21 May 2012 | 4 replies
So I guess people do not associate it with the dated past. I
Jennifer Hulse Real Estate Partnership with Ex Spouse
16 April 2012 | 9 replies
It's worked out well for us in the past. I
Rodney Dawkins Avenues for wholesale investment
12 February 2010 | 24 replies
I tell everyone up front that our option agreement price is basically our "target" sales price and they may need to be a little flexible if we can't get a buyer at the "target" price.Since I've been using this technique for wholesaling, I've actually been able to get more deals done than I had in the past. I
Rick L. Help! I have a "High Maintenance" Tenant
30 March 2021 | 53 replies
Meaning, you fix everything before she signs the lease, then once he or she signs it, then anything that goes wrong from that day forward is there responsibility to take care of; unless it is a major disaster.In the past I stated to my tenants, "I will not raise your rent if you can take care of minor situations, but if you call me for every little thing, then I will have no choice but to raise the rent."
Nick G. Yellow letter criteria for Multifamily
18 November 2013 | 10 replies
Owner financing (where you create a note and mortgage or deed of trust) to pay for a free and clear house is a way to give the seller their price but pay a cash flow for their equity.What I have done in the past is to make a payment to the seller that is 70% of market rent (say 700 payment compared to 1000 market rent) over a certain number of years til paid off.The seller gets 100% of their equity but I get no bank financing.If the sellers are seniors and looking for retirement monthly cash flow, this note can be like an annuity, that can be an asset in their will left to their kids.
Paulette Midgette Looking For Quality Building Materials at a Deep Discount...Do You Have a Lead?
10 April 2015 | 3 replies
In the past I have also purchased bathroom fixtures from a liquidation site online.