Joshua Andrews
Accurate rule of thumb?
I recently read about a rule of thumb for apartment investments and I'd like some BP member feedback.
The rule of thumb goes like this: "For every one million dollars of real estate you own, it should be cash flowing...
Ian Davis
Mask mandate and HOA Board fiduciary duty
Hi.My HOA Board posted 2 signs by the lobby of our building reminding people of the city mask and distance mandate. Yet there are individuals who still ignore them. This is of particular concern given that the buildin...
Marcus Robert
Cashing out and would like opinions on leverage amount!
Greetings:
I am doing a cash-out on my 4-plex. I bought it in 2013 for 274k and it is now appraised at 500k. Even so the appreciation is nice, the Gross rent totals $4640 and has room to go to $4800. Note, I pay...
Alison Saccoccio
Looking to buy my first STR property. Looking for financing input
Hi all,
I am here looking for help to figure out the best strategy to own a STR property.
I am very new to investing and in fact haven’t actually invested in anything but the home I currently live in.
I am looki...
Brandon Crumpton
multifamily buildings
im looking to buy a triplex. Anyone can give my gain in buying a triplex building? Im wanting to section 8.
Josh Guild
Turning detached garage into ADU in Houston Texas
Does anyone have any experience with this? What does the permitting process look like? I've done this once before in Lubbock, Texas for an Airbnb on my own property but was ultimately told by the city I could not Airb...
Tanya Smith
Does 1% Rule apply to multifamily?
Hey all!! I am trying to analyze a few apartment complexes all around 24-36 units. My question(s) as you can see from above is "does the 1% rule apply when analyzing apartment buildings???" What are the main numbers ...
Kate Cavanaugh
Is the 1% rule that important?
I’m currently in the market to purchase my first property with the intention to homestead, live there for a year, and then rent. I am having a hard time being able to follow the 1% rule! The rule says the gross rent o...
Michael Randle
Quick and dirty rule for underwriting?
Hello everyone,I am currently educating myself on underwriting small sized (sub 10 unit) multifamily deals to sharpen my skills. Usually I am going through MLS portals (ugh) or loopnet (boo!) to find buildings for sel...
AJ Romero
How to approach an older investor about buying their properties with credibility
One of the investors in my local REIA is looking to retire and is looking to sell couple of neighboring four-plexes in a decent area of town (across the street from an elementary school) sometime next year. I am ...