I built one more building of four designed the same way but the final 20 units I changed floor layout but kept the exterior the same selling these for 225,000.

I say "prediction" because the property will be completely vacant when I take possession.After lots of research and time looking at costs for updating (and negotiating with the seller to make some repairs), these are the numbers I have finalized on my 9 unit MF purchase, which is closing in March.

I am assuming the contract would say The final payout would be spilt 55/45 or maybe 60/40 pretax amount.

The only thing that changed slightly for us is our wireless provider (used to pay $140/month for Unlimited talk text data) w/ new provider, we pay $25/month for Unlimited talk text and data while on wifi.

Maybe we'll finally get this madness under control!

Hey guys, I've been huge fan of the podcast for a couple months now, and I finally got around to joining the community.

Glad to finally have you on Bigger Pockets!

Hello BP.I've been saving money and finally have some money to start investing.

Finally, as an example, I was able to negotiate a 17k deliquent HOA balance down to 10k payable at closing for a short sale condo. so that was a 40% discount...

The seller would not give up tax return numbers before making an offer (I think I know why now):$73,180 net revenue(10% vacancy)$40,700 expenses$32,480 NOIAfter talking with my commercial banker, showing him the property and numbers, he told me the historical data was showing 9-10% cap rates for the deals he was doing.