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,...
James Woods
House near San Fran: Keep renting, or Like-Kind for a complex?
About 15 years ago my uncle passed away and left his house in Oakland to my sister and I. Ever since we've been renting out the place with the help of a property management company. There's no mortgage and net annual ...
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...
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...
Nick Mertens
Doubled the worth of apartment complex in CO Springs in 1 year!
We took over management on a distressed apartment building in Colorado Springs last year from a company that didn’t have a tight handle on it and were able to double the value of the property in one year with only usi...
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 ...