Tim Morris
First Multifamily Purchase- Questionable Lease Documents
Hello, We are in the process of purchasing our first multifamily! Our contingency on our offer was to evict the first-floor tenants to owner-occupy the first floor, as I use a wheelchair. The first floor tenants do ha...
Brian Zintel
Prospective Renter's income is mostly cash
I have (2) prospective tenants for a property of mine. One tenant works at a restaurant and the other at country club. Both tenants claim that most of their income is cash and that they can not meet my minimum require...
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Commercial Property Analyzing
Im beginning to look at listings with my agent and I was wondering if I could get some information on specifics order of financials and documents that are required in the first stages of analysis process.
For exampl...
Drew Vrska
New Real Estate Investor
I am 19 years old and I’m about to buy my first rental. Looking for tips and help to add another property!
Tony M
Applicant in Bankruptcy
Got a call today from a girl interested in renting an apartment. She said she wanted to come see the place. Also said she wanted to be upfront about her situation. Said she has begun the process of bankruptcy. Her...
Clayton Hutton
First deal - went about as well as expected
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $106,000
Cash invested: $5,000
In need of moderate repair and submetering, on minor foundational issue. Outs...
Sean Kuhn
Need help evaluating this multi family
I have lots of experience with single family homes but I'm looking at my first multi and I needed help. It doesn't have any deferred maintenance and looks nice. Gross rents are 40,800 which is about right. 4 units all...
Meighan Fitzpatrick
Virtual Assistant - Real Estate Investment
Hey All! I am new to Bigger Pockets, but not to the RE world. I have worked as an administrator in the industry for approximately 8 years in the Michigan market, as well as Tampa, FL. I have recently left the comp...
Jeffrey McKee
[Calc Review] Help me analyze this deal
The cashflow is negative after the refinance so i realize the numbers would need to be renegotiated. Using the BRRRR rental calculator, I am trying to figure out what the cash out would be? The report is below. The...
Austin Johnston
Purchase Offer Accepted! What's critical to obtain from seller?
Just had my purchase offer accepted today. What documents should I obtain from the previous seller, aside from security deposit, and previous lease? Any tips for closing process to cut costs etc? Want to do it right t...