John Kabot
Value of existing apartment complex
Just curious how everyone establishes value of a given operating apartment complex. I have an eight unit complex that rents for $575 a month per unit. Built in 1977 and somewhat updated. I put a new roof, windows, p...
Stan Hill
Just closed on our first flip yesterday....
Well, it's kind of a flip. We are the financial partner with an experienced buy and hold rehabber. After the rehab is done, we have a few ways of exiting. We are very excited and glad to be doing business with her ...
Rachel H.
Rent to Tenants with Large Credit Card Debt?
Hi everyone. I have applicants (a professional couple in their thirties) to rent a single-family home I own. They seem like fine people - no reason to believe otherwise. Their combined income is 7x rent. Their credit ...
Spencer Hoogveld
12-Plex Purchase Formula
Hello BP Community: I have a question about a 12-plex apartment complex that I’m interested in - The sellers are an older couple who are looking to get out of the rental business after 40 years. In total there are 12 ...
Mark Neiger
pre approval commercial lending
So I've been looking at properties and I'm ready to start shopping for lenders. Any advice on who or where to look. Should I just Google commercial lenders, call the big guys (BOA, Wells Fargo, etc.) or go to my local...
Minna Reid
Mold
Is there some special consideration you give this? I looked at an REO today with Extreme mold. I mean I've never seen anything like it. Supposedly the pipes burst, to me it looks like someone turned the water on and w...
Dilini Peiris
Terminate lease under what grounds??
We have a situation where we just signed with a seemingly good tenent. But now they are making demands to improve the property. They want storm door locks. Security lights etc. They had also brought a dump a er to re...
Patrick I.
Rental Analysis - Cash Flow
Hi MN BP Community!I was wondering if you could share with me your experience regarding analyzing rental property and what your ideal cash flow looks like!Brandon Turner (BP Co Host), when analyzing rental properties,...
Max Peterson
Analyzing deals in the greater Twin Cities area.
Hey Fellow Minnesotans,I am just trying to learn about our local rental market and good ways to do analysis. Such as does the 50% rule hold up well in the Minneapolis area? is the 1% rule a good fit for rents in this ...
Ryan Wilson
Equity Partner Splits
I've never had an equity partner in all the deals I've done. I've only used my own money, private money and bank financing to fund my own deals. However, this has limited me to doing a fixed number of deals per year...