I am completely new to this, so forgive my abundant ignorance. I've found and MF 8 unit building in a pretty good location. All units are 3/2 1080sqft. Actual 2014 numbers are as follows: potential yearly gross inc...
I have a 48 unit property. I currently have two checking accounts. One is an operating account and the other is for deposits. I was curious how other operators manage cap ex reserves. Do you have these in a separa...
Hi everyone, I am running some numbers on a nice 12 unit building in my area. The current owner hires a property manager and pays 5% of gross rents plus rent finder's fee and a few other variable fees. The seller keep...
I found two nice rental properties in Evansville, IN, south from the University of Evansville. The properties already produce very good cashflow, so I'm inclined to buy them. However, when I look at the stats, I see t...
Hey guys so I've been looking to purchase a BUY and HOLD property. I want to buy a house that can be profitable enough to where the rental income can pay the mortgage as well as give me some cash flow. I am thinkin...
Hello BP!This is my first post on here and I'm looking forward to hearing what knowledge is out there! My name is Caylon I'm a superintendent for a construction company in Bellingham, Wa. I used to run my own operatio...
Hey guys! Sorry if this is naive but I figured this is the place to ask my "stupid" questions. How often would you say the "50% rule" of expenses applies in real life?
For example, how many years say in 10 ...
As a CPA and an investor, I'm well aware that reviewing financial statements is important. I'm curious what many of you as investors look at when reviewing these statements.
Besides the fact that there may be issue...
This is an preforeclosure in sale coming up in about 3 weeks. the seller is going to lose it and will sell for 495,000.
its 44 units
need about 10k for two boilers and some paint
gross monthly potential rents are 18...
Looking at property management in Indianapolis, management company is directly associated with a turnkey company.Avg purchase price $120kAvg rent: $1,200/moFees are as follows:Property management fee 8% of income coll...