I have been doing a lot of research on what are key numbers to value an income property and determine whether its worthwhile. I have posted recently about this property I am in the process of purchasing and compared t...
Hi guys,Do you fix&flippers have any rule of thumbs when calculating how much profit is the minimum you'll take in a project?What parameters you look and how you calculate them?Thank you all in advance!
Newbie here. A 7 unit apartment building that is about 125 years old, brick, Windows AC, rooms partially renovated, fully occupied.The seller claims a NOI of 63k, which is based on 6% management fee, $2000 repair and ...
For repairs, do you use a percent of gross rent or do you use a flat number, like say $100 per unit? To me, it seems to make more sense to use a flat number since repairs don’t seem like they’d cost more in a 1000 sqf...
My property management company cancelled our contract after placing three tenants in my triplex. Should I be nervous and what should I ask for in terms that f documents? Has this happened to you?
I am in contract on my first property in CT, 2 family home built in 1915. We just completed the inspection and the only concerning item is "possible" Asbestos (a couple of feet of it in the basement). My concern is ...
I need advice on transaction. I recently bought a home at auction. It was a great deal and in good shape. A family member was interested so I offered to sell it to them with very little profit. But we later found t...
We all know that banks never want to go lower, especially when they just lowered the price. But obviously the longer it is sitting on their books, the lower they will be willing to go.
I've run the numbers on a bank...
Hi all,How much cushion should you have saved for fees and misc expenses when buying say an investment multifamily property?For example say I have $100,000 saved and go to buy a $400,000 complex with 20% down so 80k d...
Found what I think to be a descent deal on a 4plexIt's listed for $125k with a gross income of $22,800 fully occupied. There's currently 3 out of 4 units leased. The building looks to be in pretty good shape with some...