13 June 2024 | 2 replies
It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?
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11 June 2024 | 18 replies
To give everyone just a little background since 2018 I have built a portfolio of 194 rental units. I did this through seller financing, creative purchases, and utilizing other people's money. I want to take a moment t...
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13 June 2024 | 10 replies
James Wise has a map that should help you get started on places to avoid.
14 June 2024 | 11 replies
Prospective tenant is interested in starting application process for my rental unit.
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14 June 2024 | 15 replies
And I don't know how to start any on my own at the moment.
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13 June 2024 | 4 replies
A good starting point will be to pair with a with nationwide lender (if not all cash), check in with @Joseph Chiofalo for financing without a US credit score.
14 June 2024 | 11 replies
Start at $1.2M, close at $1.42M if there is ability to increase NOI - $1.35M if NOI is fixed.
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13 June 2024 | 3 replies
Hi everyone,I recently decided to start out of state investing.
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13 June 2024 | 6 replies
Looking to get into my first rental thinking house hacking would be the best start.