Can someone explain the process of how the money is deducted viz the HUD 1. Let's say that you are purchasing a house from the bank for 60k, it can easily sell for 115k which you found by using comparable sales. How ...

Apartment buyers,

I have a client wanting to sell an apartment complex in Erie, PA. Using the 50% - 2% rule, please give me feedback on this deal before I advertise it here.

34 Unit Apartment
100% rented - typicall...

I am a handyman who wants to buy a foreclosed house. I want to spend no more than 50K but want it in a neighborhood where houses are more than 120K. Am I asking too much, (basically is this a realistic goal)? If it...

Any thoughts on this property.

It is a 6-unit MFH. Rents look a little low at 1.5%, but that is based on asking price not purchase price.

wondering if i'm missing anything...

http://i970.photobucket.com/albums/ae1...

Hi All,
We just settled on a 10 unit building on Friday. No debt, cash flowing immediately. We keep reading, listening and attempting to uncover how to make the brrr method work but it just doesn't seem reasonable. W...

Hello BP, I have a newbie question. I am interested in making an offer to a private seller on a property I would buy and hold. The seller is a burned out landlord who is looking to sell. Anyway, when presenting my off...

Hi Guys,
How much would you provision for capex per door per month for a small multi family (4 doors). I feel I may provision way too much thus make any potential deal not very attractive
Tks for your help

Greetings, My brothers and I inherited an 8 unit complex in CA.  We area all on the title individually and not in a formal partnership agreement.  It is appraised at 2 million our cost basis is 1.5 million.  Lets say ...

Hello I came across a CoC formula and was wondering if anyone in the community could answer this question.  The formula is:

CoC=(NOI - Debt Service - Cap X)/(Acquisition Cost)
What is the Cap X? There is the mont...

Hello BP!
I’m under contract to purchase a 3 fam home from a owner that passed away from Covid. I found out after doing my own investigation that the basement is rented and it’s not legal. 1st fl tenant doing a lawsu...