Omar Ruiz
104 Unit Apartment Complex
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $4,900,000
Cash invested: $2,100,000
We purchase a 104 unit apartment complex with other investors by ...
Dave Versch
50% Rule clarification?
Can someone give me a definitive answer on the 50% rule? I understand the concept, that your expenses should only equal 50% of your gross rent in order to get positive cashflow. But which expenses are included in th...
Spencer Wetmore
How to report taxes on flip between tax years
Hi - I have a general question on taxes for flips. I purchased a house with a partner in 2017 that we rehabbed and will be selling in 2018. There were a decent amount of costs incurred in FY17, but I'm not sure if the...
Megh Patel
Gas Station and Laundromat Owners
Hello everyone! I am currently a college senior with a strong passion for business and real estate. I have explored a variety of online and physical side hustles, but now it's time to transition to brick-and-mortar as...
Megh Patel
Gas Station and Laundromat Owners
Hello everyone! I am currently a college senior with a strong passion for business and real estate. I have explored a variety of online and physical side hustles, but now it's time to transition to brick-and-mortar as...
Edward Dandrea
High appraisal looking for advice
I bought a 5 unit for 114,000 3 years ago I did some Reno and the building NOI is near 35k a yearI am applying for a HELOC to buy more and Pat of the process is getting an appraisal.I'm not sure what to expect or how ...
Rigo V.
What do Due diligence do you do?
can everyone share a list of the due diligence they do once an offer has been accepted? (i.e request bank stmts to verify rent rolls)Thanks
Ben Leybovich
Lowering Expenses Is Not an Efficient Value Add Strategy
Say you’ve bought a 24-unit apartment building that generates $24,000/month in revenue ($1,000 per unit). This is a value-add, and you think you can improve the rents from $1,000 to $1,400, which would equal to revenu...
Richard A.
Search needs improvements
Hi BP fam!The search function NEEDS to be improved. We're spending multiple clicks to sort through an immense volume of information. This might have been OK when BP first started and had very little information. But, ...
Steve Pool
ROI on 250 units
I have a 10 percent interest in a nice apt complex in an upscale part of Milwaukee. We have run 97% occupancy for several years and so have competing properties. It is in great shape. Our property manager has suggeste...