We like to use a little thing we call the magic formula. $1/Cap Rate = Valuation
At a 6% Cap Rate, Every Dollar of Income is Worth $16.67 in Value. Why this matters to an investor when looking at a syndicator is to f...
How much should I offer for a 32 Unit multiplex -16 one bdr and 16 two bdrs that rent for $895 and $995 per month? How can I find an investor for the down payment. I already own 3 condos and according to Grant Cardone...
I have 4 residential rentals and have my first commercial property under contract. The commercial property is a suite of 8 offices that I’ll move my law office in to and I’ll have 2 offices to rent out. I start my 45 ...
Hey guys, I have a upper/lower Duplex that only has 1 furnace. It's setup right now so the tenants each have their own Gas bill in their name, but one of the tenant's bills is considerably higher than the others. The ...
After looking for a building local to my area with a decent potential cash flow, I have found a 19 unit building in a rather remote northern suburb of Detroit (Northern Macomb County for those of you that know the are...
I'm considering purchasing a triplex where two of the units share an electric meter and all three units share a water meter. I'm not purchasing this property at a discount so I want to make sure it's worth it. Is it w...
Hey everyone, I was interested in doing student housing and I know individual room rental is becoming popular. My question is, how do you determine rental rates when doing this? Do you just go by the going rate for t...
Hello BP!
I’m just getting things started and want to get into ‘buy and hold’ properties to bring in some additional cash flow.
My wife and I have a decent amount of funds set aside, but I was wondering if it makes ...
I've heard various methods for covering closing costs between the buyer and seller but was wondering what is most common? I know it is mostly up to the individual wholesaler but what do sellers prefer and what does th...
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