In the process of evaluating 6+ unit multifamily properties, I've come to the conclusion that these properties are either EXTREMELY over priced, or my estimates for expenses are too aggressive. In many cases, I'm...
Sold my house and looking to house hack. Found a 4-plex (2bed/1 bath ea). 3 are rented at average of $550/mo and I will live in the 4th which is newly remodeled. Asking 150k but has multiple offers. Planning to offer ...
I'm in the process of hiring a new PM company for our 30 unit complex. Their fee structure seems to be a bit high considering they charge 10% of monthly rental income. I wanted to run it by BP family to see what you h...
Fellow Columbus investors, can you recommend a local bank you worked with for refinancing a property? also is it necessarily a good idea to do the process with the same lender that did the first mortgage? Thanks!
Extremely new to Re devlepment here...upon my own studying I noticed that HOA is a huge component in determining the for-sale price in development projects. I'm wondering if anyone can share their experience in determ...
I recently bought a rental property. It is a duplex, and rents are earned using the boarding house model; eight doors with leases. I acquired the duplex with a 1031 exchange, and a commercial loan. I was planning to r...
What is the market cap rate for 5-10 or so unit properties in Portland right now? Specifically SE Portland.
Thank you.
It's weird...
I just read this post today on Marketwatch
https://www.marketwatch.com/story/heres-the-hard-truth-about-the-mortgage-markets-that-isnt-being-told-2020-04-02?mod=home-pageThe gist is that many mortgage ...
Do you have a rule of thumb when you’re searching for buy and hold deals? Are you setting aside 10% of prospective rental income for capex and 10% for repairs regardless, or fine tuning it based on factors like the ag...
Good morning BP Family! I hope everybody has had an amazing week and is looking forward to an even better weekend! I'm still on the hunt for a new acquisition and am looking for SFRs or multi units in the Indy area (b...