Seth Holland
Running Comps in a depressed area
Hello Everyone,I was recently sent a property for sale in a rough neighborhood in Memphis. This is really close to the UofM campus so it definitely has potential to be a great rental. However, how do you run comps o...
Dan O'Neill
Small Apartments - Finding the Sweet Spot
Hey Folks, I'm new to RE investing and currently in the process of developing my business plan. I've decided that multifamily is the market for me and currently working through the criteria I want to use to identify ...
Jesse Aaron
How high shoukd closing costs be?
Hey guys, I’m closing on my first property next week. I just got my disclosure forms and saw that my closing costs are right at 8k. The purchase price is 135k, I put down 10k using a conventional loan with 3.5% intere...
Jim Cousino
Financing Fear! (don't want to screw this up)
Hello BP community! I am a first time poster/contributor. I have been reading REI books, researching, listening to podcasts, and window shopping. The current times present increased opportunity and as such, I think th...
Johanna R.
LLC's in Different states or under 1 LLC?
HI Everybody!Im a relative newbie and Ive finally come to the point where I must LLC. I currently have 2 houses in 2 different states under 1 Umbrella policy but the insurer will only let me do this till mid year. No...
Brodie Priestley
Analyze this Mobile Home Park
This deal came up I would have to manage it across country and it will be my first deal. I need to learn about how to manage and operate this park, also I know i will have to negotiate the price a little, but I think ...
Michael Williams
Raising capital (Private lending)
How would I be able to find a private lender for a commercial property deal. It’d be for my first apartment deal, should I hire a securities lawyer? Do I need to create an LLC? Looking off a money partner or someone t...
Steven Segal
Contractor Bills Hourly; Maintenance vs. Improvements, ect
Essentially I have a contractor who bills me hourly for jobs. I keep him extremely busy with investment properties - whether it be rentals or flips. Great relationship at this point. Currently, he just gives me a week...
Ruben S Paul
Philly (Kensington ) vacant lot opportunity ?? Question
Hello BP community, So I came across a vacant lot opportunity in the northern side of Kensington, closer to Kensington and Allegheny. I was skeptical of this idea originally because of how bad the area is . Literall...
Alexis Zion
How do I deduct, in this year, a Heating Systems for my 8 unit building
Hi AllMy Central Boiler in my 8 unit building died March 2014I had a central boiler and converted all the units to individual forced air units in each apartment (they now control their own heat and pay their own gas b...