Nicholas Bailey
50% Rule/ 2% Rule in expensive areas -> is my reasoning correct?
I'm looking at properties in Chicago and these rules of thumb are basically impossible. I've been listening to the podcasts and reading about the deals, and the numbers are always for these cheap areas, whereas I'm l...
Joel Senko
Looking for help/advice on a 22 unit multi family complex!
A 22 unit complex just came up for sale in the city I live in for what seems to be a very handsome price (1.29 million- which is roughly 53,000/unit) the numbers show great returns on the property but I need assistanc...
Robert Silvernagel
Passing rental expenses through to the landlord
Hi biggerpockets community! I come to you seeking sage advice yet again. So here's my situation. I'm currently handling all management of a friend's downtown Seattle condo via Airbnb while he's living abroad. Things h...
Allen L.
What are realistic expense figures for 20 unit property?
Hi all,
I am looking at a deal that which I think is managed terribly, and evidently the seller recently fired its property manager. It's 23 unit multi-floor complex and its expenses for the year ending May 2021 is r...
Mark Allen
Any tips re: aligning interests when partnering w/ builder?
I've got a good long-standing relationship w/ a guy who owns a commercial construction company. He's got a diverse and skilled staff on his payroll, and I know they've got the ability to do any sort of work that mi...
Konrad Lightner
Minnesota Common Expenses
Hi Minnesota Investors!I was wondering what expenses your adjusting for in your calculations and how much? I'm seeing quite a bit of variation or no numbers at all and want a realistic estimate. These are the kind o...
Joe L.
NJ Real Estate Brokerage Firms
I recently passed my NJ real estate license exam and have been interviewing with a few big brokers. I realized that they are all generally similar when it comes to the out of pocket expenses. They all pretty much requ...
Andrew Auger
Massachusetts Deal Analysis
Hello Everyone,I was hoping you all could take a look at this deal that I am looking at for a second time. We are not under contract and I want to make sure my math and my estimates make sense so I can go in with a st...
N/A N/A
Trying to arrange my first deal..here is the proposal!
Okay, so I found this vacant property that I really want to purchase as my first investment property. I contacted the owner of the place to talk to her about selling - she said she wasn't interested, and planned on re...
Dave Jackson
Property Manager Wants Bank Account Access
Hello Bigger Pockets Community,
I have some multi family properties (total of eight units) and the property management company has a shared bank account so they can deposit rents and then debit expenses with co-sign ...