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I have an opportunity through sheer luck from a family friend to buy an apartment complex and not sure how to go about financing. It is 32 units and severely under market rent with a low purchase price reflecting that...
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I just finished reading Buy and Rent Forclosures byJoseph Neilson.
Mr Neilson advocates stripping houses of central air, garbage disposals and many other amenities in order to eliminate maintenance costs.
...
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I have a couple certified sources that I can get bulk packages from. How much success have you guys had with buyers for large packages?
As an example I have a package with 78 properties in Canton OH for $4.5m...
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Hello all, i currently own a 50 unit apt building so I have a good idea about the business however I can't seem to properly value my next deal. Here's the basic details : (mom & pop run) 58 unit, occupancy is 80%,...
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Hello Everyone, I am looking to start a rental portfolio and need some advice on where to begin. I have managed 180 unit buildings and currently oversee a student hosing building for 201 students. I want to start bui...
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Good Morning Fellow BPer's!I have a situation that has come up recently with a rental unit that I have and wanted to see what the communities thoughts are. My tenant recently passed away 11 months into a 2 yr lease i...
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Hello, I am trying to vet general contractors. What is the legal maximum allowed amount for a down payment (%) on rehab projects? How do I avoid a mechanics lien on a future property? How do I make sure the subs are p...
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I own a 115 year old house that was converted into a duplex when a 2nd unit was added upstairs in the 90s. It was not done well, there is a hodgepodge of 'handyman/diy" work throughout, and I'm trying to decide if we ...
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Hello All,
I have located a property I am currently interested in purchasing as an investment property via the homepath website. It has the homepath mortgage logo so I assume it is eligble for the homepath financing ...
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Hey all - I'm starting my trek into REI! I've been listening, reading and brainstorming, and have a few ideas to get started. I wanted to validate some of my thoughts, gather feedback, and potentially make some mutual...