Robert Freeborn
Student Housing - Analysis Help.
Hi BP. I'm looking at several apartment buildings for sale in Idaho next to a major university. I received some initial information about a complex, and I'm trying to decide it is worth a second look.It is an 12 unit ...
Shane Jeanfreau
Pros and Cons of a 40 unit in lower income area
Nervous about jumping on a good opportunity to purchase a 40 unit deal in a lower income area. The economics of this city is based off of fishing/oil and gas. Seems to me that systematizing a lower income area will be...
Trey Leigh
Accountant worth it?
[/b]Hello, I'm looking for advice on getting an accountant. I have always done my own taxes, and last year I had one rent house and decided to use an accountant after reviewing what Turbotax had to offer online. I e...
Christa S Rickard
First time investor looking for a check on expenses
I've only analyzed a few packages thus far and would like some feedback from those with experience. I found a 6-unit, C class property in NC selling for $222K with a 9.7% cap. All units are 2bed/1bath. The actual rent...
Michael Bowie
What is our local "2 percent test"?
We've all heard about the .5, 1, or 2 percent test, or the rent to purchase ratio. However, based on your experience, what is our local, Knoxville "test"?If you would rather it broken down into neighborhoods, what wou...
David Thoeny
Advice on rehab while out of state
I am new into RE (with the exception of about a dozen books and numerous podcasts and webinars) but now its time to dive in!!! I currently work out of state (work in Texas, rehab is in Louisiana [my home state]). My p...
Nick B.
What to do if the numbers don't make sense?
I am trying to find my first rental but in order for it work it has to meet seemingly impossible criteria.
Here is what I am looking for:
SFR, 1600-2000sqf, 3bdr, 2+bth, 2 car garage, built after 1985.
...
Jesus Checo
How can I make it work in Northern New Jersey?
Hi all! I recently began to look into buy and hold/ rental income as a ticket to FI. I’m literally in the process of reading books and binge listening to the BP podcast. I live in Northern NJ and am jealous of the pro...
Stephen White
Adverse Action Letter for denying tenancy is now in FilePlace
Remember that if you are denying an applicant tenancy based on their background check you must provide them with an Adverse Action Letter.
This also applies if you alter the conditions given to accept tenancy, ie. d...
Jason Miller
care package
Do you provide a move-in care package for your rentals? My wife and I are toying with the idea. Nothing fancy mind you, just a few welcome home items. Magnet with local emergency numbers, maybe a small target, walm...