I found this deal which is actually for 2 properties with a combined total of 125 units. This is priced at $2,800,000 . The listing says it has a cap rate of 12.84%. I divided the NOI by the derived cap rate(from the ...

Hi, in need of a second opinion on my idea. Ive been having trouble in my home (Bergen county NJ) regarding the heat. issues such as the radiators leaking, one tenant having control of boiler so he shuts it off when e...

Hey guys, Been reading the forums and listening to the podcast for awhile now and I've learned a ton. I started looking into real estate about a year ago, but i got laid off so I hit the brakes on doing anything. Fort...

This is going to be a long one, so prepare yourself =)

My fiancee and I have been house hunting for a personal residence for a few months now. I own a home since '09 that is underwater (stand to lose 18K or...

Hi All!!  Newbie here,I'm currently 1 of 2 tenants in the building I'm interested in purchasing.  The owner is open to selling (not cash-strapped or anxious to sell necessarily), but with the potential sales price and...

Hi -

New here, so please be gentle with me..! I'm looking at a few 4 plexes in Las Vegas, rehabbed and rented, with CAP rates in the range 23-25%. Even after allowing the recommended 50% for expenses, etc., they st...

Hi everyone-Another question for all you experienced with multi unit rentals: There is a 5 unit I am interested in located in West Michigan and I'm thinking of placing an offer, BUT the property doesnt have split util...

Hi BP,I JUST BOUGHT A 10 UNIT APARTMENT BUILDING!! NOW WHAT DO I DO TO TRANSITION??I am closing on my biggest property yet (10 units) on October 15th. I am uncertain as to the exact steps to follow when you transition...

Hi everyone,I have been working as a travel nurse for the last 8 months and have started to save a bit of money now. I recently bought a starter home that I plan on turning into a rental within 2 years. Besides the mo...

I need to lower my rental income for this year due to some other income coming in.I know I can prepay certain expenses at the end of the year since I do cash based accounting. Now I am wondering if would work to have ...