Michael Andrews
Buy zero cashflow now anticipating huge rent increases
I am looking at a 4 unit building that is severely hampered by low rents for the area, which is an indication the seller has not raised rents in many years. Each 2 bed / 1 bath unit has air conditioning and is a bloc...
Colin Carey
Best Rehab Estimate Techniques
Hi Everyone! I'm just getting started in my real estate career and one area I want to improve on quickly, is rehab estimation costs as well as the added value from it. I am not a contractor by any means and I understa...
Matthew Gilbert
Buying First Property
Hi All,My Name is Matt Gilbert. I've been a member of bigger pockets for a few years now. I have a goal of buying at least one property this year. I'd like it to be a multifamily as I have the capital and the return...
Ian Ray
Trying to get my first set of MF deals
Hello everyone, So, down to business. I have 3 pocket listings a broker friend sent to me that are things I can't pass on. I have no multifamily experience and very little liquid, but I feel these deals spe...
Account Closed
Do I Rehab - or Run?
I live in a part of the country (Northern New York) that will probably never recover from the last recession. Actually, it was economically depressed going into it - and has been for the last 20 years according to the...
Vicki DeWan
How to structure seller Financing on buy and hold
I am seeking my first buy and hold. I came across an investor who owns 60 duplexes in MD and is willing to owner finance for a year. seller is looking to free up some time and selling a few. Numbers are as follows: ...
William Hoppes
Am I calculating costs correctly?
Am I doing costs right?I'm running the numbers on some different properties and I just want to make sure I'm estimating my costs right. Does this seem accurate to you?Mortgage: For multifamily the loan will be 75% of ...
Sam Ohanesian
What kind of rates is everyone getting?
I'm under contract for a multi family in Arizona. I'm doing an FHA loan and I'm working with a lender I've worked with the last couple deals I've done. He initially offered me 3.25 par with no credits. Then I talked t...
Account Closed
Investor said he spent $150,000 to rehab a house.
Me and my wife were on our way home when we decided to drop by an open house that we saw. The house had been rehabbed and was being sold for 260k and was built in the 1920s. I introduced myself as somebody who was ...
Edward Yoo
New Construction - 36 Unit Apartment Complex
Hi all, brand new on this forum. Wanted to share a potential deal I am looking at where we would purchase a 24,000 sq ft lot and develop 36 units (4 stories). Here are general details:-1st floor needs to accommodate a...