Drew Lied
Converting a 5 Unit Small Apartment Complex to a 4 Unit Multi
Is it possible to buy a 5 unit small apartment complex and convert it to a quadplex and still get the benefits of owning a quadplex?
Rameez Balagamwala
2nd unit in the same complex: Lender wants to know the motivation
I bought the current townhouse with an owner-occupied mortgage, and have continuously lived in it for 12+ months. I have now made a deal with a neighbor in the same complex, buying that unit as a residential property ...
Rene M.
500k for Portfolio offer or small apt complex or First 4-plex
Hi all,I have a family member who entrusted me with 500k to invest in US real estate. I have an offer to buy a 1% Rule 4-plex (385k for 3800 monthly rent), which would use about 95k of the money and leave me with 405k...
Chad King
How do you choose a location to build your next apartment complex???
Hello BP world. My name is Chad King and I am looking for some advice. I am looking to purchase land to build a new apartment complex and was wondering what necessary things you guys look for in finding the right loca...
Account Closed
Do I need a license to own and rent an apartment complex?
Hey everyone! I really want to build an apartment complex from the ground up next to a college that doesn't have anywhere for students and young adults to live besides a basement in a old raged home. Before I go to th...
Todd Kruger
I just purchased a 52 Unit complex-is this a good idea?
I just purchased a 52 Unit apartment complex for $1,975,000. I put 20% cash down and got a 7 year fixed rate of 4.55% amortized over 25 years from my bank with .25 origination and receive approx. net cash flow of $6,...
Dustin M.
Need advice on how to turn around a eight unit apartment complex
Hi,
I need some advice. I am currently looking into purchasing an 8-plex in a rougher park of town. It is not a war zone but it isn't the best part of town. Near the 8-plex are a variety of run down boarded up apartm...
Greg G.
30 unit complex or 30 sfr's - What would you choose and why?
Given the choice to invest in a 30 unit apt complex or 30 sfr's, which would you choose, and why? Assuming the market is the same, etc...
I want to make sure I'm thinking about everything from sourcing the deal, fin...
Shawn Reisner
Apartment complex seems too good to be true. What am I missing?
Hi! I'm looking for my first investment property! I found a 6 unit apartment complex that consists of a building with 2 units next to a building with 4 units. All 6 units are rented out already for a total of $3545...
Stephen Jones
Purchasing a 100 unit apartment complex with the equity I've built up
BP,I've been in the multifamily real estate game now for a little over 10 years. During this time, I've never once used any leverage, never re financed and cashed out, etc. I have always used my own money to purchase ...