Can possible sub divide lot.over 5,000 sqft all brickrehab estimate- exterior 40,000... interior 20,000 per unit x 4= 80,000Total Rehab $120,000Seller Asking PRICE $175,000Present mortgage $125,000 @ 7.2% 30 year term (was originally $152,000 in 2004)No second liens2 units are occupied (don't see how with all the deferred maintenance) and supposedly collecting rents $600 eachThey originally offered a "land contract" at $175,000City assessment- based on land and structure $203,000All units are metered separately- electricity, gas, water, trash etc...The good news....pro forma base upon what I know about that area.

Originally posted by @Alex Tobias:@Todd Dexheimer What if you used an industry standard for expenses, but when looking at their financials instead of, say, 40%, expenses were 45%, 50% or even 60% of the gross income?

Originally posted by @Alex Tobias:For commercial residential bank loans It's either commercial or residential, not both. :)For residential, here's my cheat sheet that gets passed around the office:

Originally posted by @Russell Brazil:You should reach out to @Darren Sager I have been trying to contact Darren for some time now, with zero luck.. he might not look at this page anymore.

I am originally from Maine, so I'm quite familiar with new england in general.I have a few questions for anyone out there who has invested in Boston and/or sells real estate in the area.

Originally posted by @John Woodrich:I think a lot of this will depend on your (and expert) expectations of current property values and the current cash flow you are receiving from your rentals.  

Originally posted by @Jason DiClemente:Learn real estate laws in your state.

Originally posted by @Albert Hernandez:Hi.

Originally posted by @Kyle Mitchell:Hi everyone,I am looking for multi family meet ups or networking events in my local area which is in Long Beach, CA. 

Originally posted by @Matt Seeman:Hi All-A friend of mine recommended I listen to the Bigger Pockets podcast about a month ago (the Grant Cardone episode) and since then I’ve been addicted…podcasts, books, forums.