Nick Fegley
HOA Financials afforded to potential buyer
Hello BP community. I have what I think is a pretty straight forward question, and would appreciate any feedback before I write the HOA back.I am looking at a place in North Carolina that is managed by an HOA. It's ba...
James Breder
Quick Deal Analyzing
When youre assessing a potential deal and quickly want to figure out the cap rate of say, a multi-family place, before you actually hit up the people for financials, what is the percent you take out as a rough estimat...
Brian Campbell
Negotiating Purchase of Several Rental Properties
I will be meeting with a seller of several rental properties. Her husband just passed away and she would like to sell 12 rental properties. I will be visiting with her to find out what she needs but I'm guessing she j...
Thomas Shanley
Questions from a General Contractor
Hi all,I think this is the right forum for this question. My father runs a general contracting company mainly focused on commercial properties but has done a lot of residential as well, from renovations to build outs...
Brittany New
To Sell Rental Condo or Not To Sell
Looking to get opinions on whether to sell an existing rental condo unit or hold on for a potentially bumpy ride. My apologies for the lengthy context.Purchase History: $180,000 in early 2009. Located in greater F...
Chris Westie
What do you think about these numbers
Looking to buy rental condo. $184,000 property, 20% down, so finance 147,200. Rate estimated to be 4.75% 30 yr fixed, taxes $2175/yr, insurance $600/yr, HOA dues $115/month. Cost estimate would be about $1110/month....
Steven DAmbra
Are Condos a bad investment???
brand new here, first post.. this site looks awesome though..anyway....-Almost ready to buy my first home/ investment. I never hear anything about buying/renting out/selling condos. Are they a horrible investment? Doe...
Travis Turnbull
HOA Fees and Capital Expenditures
Hi everyone I am a newbie and have a question about analyzing deals. A condo in my hometown has come up that I am interested in. I was wondering since it is a condo with HOA fees,if I need to still account for capital...
Jaclyn Spinelli
House Hacking and Cash Flow
Hey!I'm thinking about house hacking in the north side of Chicago (Avondale and the surrounding areas). I've used a couple calculators to assess cash flow and stuff, but I'm wondering if there is a rule of thumb or s...
Christopher L.
Condo to Apartment Conversion
We have been looking into the purchase of a 24-unit apartment building in Arizona that fits our location and buying criteria, however as we dug deeper with the seller we discovered that a few years back they had conve...