Kevin J.
Question about calculating operating expenses on condos
I am interested in how operating expenses are calculated on condos with fairly high HOA fees. For people who use the 2% criteria as in Mike Rossi's book, "1 Minute to Rental Property Riches" I know operating expenses ...
Gary F.
Leasing to Carehome Operators?
Who is currently renting their SFRs to care home business? I'd like to hear about your experiences and recommendations like lease terms. Thanks
Travis Oneill
Understanding Cap Rate
16 Unit apartment building for sale Price $825,000 at a 8.83% Cap Rate in Waterbury , CTPlease can anyone confirm for me. Cap Rate is basically a fancy way of saying salary ? Salary = Cap Rate x Purchase Price Salary ...
Derek Buescher
Multifamily Expenses
I am looking to start investing in multifamily properties. I have set up my proforma spreadsheet and I am pretty sure the calculations are correct. When I evaluate properties what are all the expenses associated wit...
Pam Coleman
How to Calculate the numbers?
Good afternoon BP Community. I am looking to buy my first property. I was presented a deal that I would like to purchase (Section 8 SFH), but I wanted to make sure it was a good deal before I pulled the trigger. What ...
Rich Rifkin
Credit Repair Company
I have owned a mortgage company for 18 years and each credit repair company that has solicited us to send them business has started off strong but eventually end up taking some poor customer's money without results or...
Jon Quigley
First deal done!
Just finished my first deal all the way through to lease!! Purchased a turn key a few weeks back and leased yesterday to awesome tenants for $400/mo net cash flow (SFH). Feels great to have gone through the process...
Darnell Pierce
How much should I save before purchasing my first rental?
Hello all, I’m an aspiring real estate investor in the DMV area looking to purchase my first rental. I’ll be using my VA loan to finance this property. I spoke to a lender and was pre-approved for 300k which I plan to...
Eric Moore
Deal or No Deal....
I came across an owner who recently evicted a tenant. He informed me that him and his wife are getting a divorce and his wife would like to sell her 8 plea and 3 plex. He showed me the properties and they are in a B...
Jarrett Duncan
Residential Assisted Living Facility
Investment Info:
Other commercial investment investment in Phoenix.
Purchase price: $490,000
Cash invested: $160,000
This property is a residential assisted living facility in the Phoenix, AZ metro. ...