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This is a deal that the BP calculator seems to make work. It would be my first investment property. It is about 1 hour and 15 minutes from where I live.Purchase Price: $139,900Closing Costs: $6,300 (I went with 4....
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Looking at a deal and need advice. Here are the numbers. 10 units all 2/1 with an average rent of $600. I would classify it as a c property in nice area. Built in 1977 with half the units updated. The yearly Expe...
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This isn't a how to use MLS to find buyers question; what I want to know is what do I say to the buyers I find on MLS? The county records don't have the phone numbers of the buyers, so my plan is to look up their ...
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Seriously. I have been looking for the past few months to find a multi family that has good numbers, and I haven't come across anything. Is the Norfolk market currently that saturated or am I doing something wrong?
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*This link comes directly from our calculators, based on information input by the member who posted.
Hi all, just interested in getting feedback on a deal I'm looking at. I used what I...
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This past weekend I drove around and found four vacant properties. I wrote down the address of each property and went to the county's website to try and locate the owners' name. I got one hit form the site, and now I...
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I think the BRRRR report is a good place to start, but it is missing A LOT of the important metrics the pros (like @Brandonturner ) use to define successful deals. So I find it really lacking for what it portends to d...
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Please help me analyze this property. The price sounds too good to be true. I ran all the numbers in the calculator and looks great. The only drawback I can think about is the neighborhood. The vibe I get is that it i...
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I think I've concluded that I want to start out house hacking by buying a sfh and renting out each of the rooms, I think it will do fairly well as I also live near a college and can rent out to students to get higher ...
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I’m interested to know what everyone’s underwriting criteria is…Cash on cashIRRDSCRExpense ratio1% Rule2% Rule50% RuleEtc.Basically how do you want to write a potential multi family investment property?I’m aware there...