Audrey McAuliff
Help analyzing an apartment deal
Here is the deal: 8 unit complex. Purchase price would be $325,000. Owner would finance for 6.5% 10% down. Each unit rents for $500. Only 1 unit has been vacant for 1 month in last year. The roof was new in 2016. Cur...
Bryan Cork
Adding utilities separate to rent amount
Hi all, I am looking at buying townhomes and condos as buy and hold rentals. Some complexes have a portion of the utilities included in the HOA dues, so that tends to push the amount of the HOA dues way up. So my ques...
Ed Rosenberg
Memphis Apartment Investment
Hello , I'm Heading to Memphis to Look @ Apartment buildings with 20+ units next week but new area. Any input or referrals would be greatly appreciated .
Jason Deck
My first deal
Hello,I am a new member, and new investor. I am seeking to invest funds I made when we sold our company recently. (For those who will ask: I have a new job with the group who bought my firm, so RE investing is focu...
Alex Todd
4unit MF across the street from 161unit Affordable Housing project
Hi everyone - opening up a post to see what people's thoughts are on buying a 4 unit ((2) 2b/2b + (2) 2/1)across the street from a future 160+ unit net new affordable housing complex. Less about the "is the 4unit a de...
Phillip DeBernardi
Income consideration for a multi-family loan
I have been a real estate investor since 2009. I started with one duplex and now own 5. I am interested in attempting to obtain financing to purchase an apartment complex. Being unfamiliar with the process of obtainin...
Punit Kumar
Does partial Multifamily sale work?
Hi,
I found a reasonable deal with an above average cap rate (5% vs 4%) that will have a positive cash flow with the current market interest rates. Will send out a detailed post on the deal to get input on the number...
Jeff Lever
Is now the time for a 2nd property?
Hi Everyone,
I'm new here, and was looking for some advice. My father and I are partners in a real estate holding company, and bought our first property together this time last year. The old adage that you don't ma...
Swat Khan
50-unit // All Section 8? Experience?
Does anyone have an all section 8 on their apartment complex?
I'm getting a good deal on a discounted apartment complex near downtown in a C area of a 200,000 Texas city...I spoke with HUD section 8 in the city and ...
Parth Patel
Need help with potential condo deconversion in college town
Hello MF Investors, Thank you for reading this ridiculously long post and sharing your thoughts! I have come across a condo association that is VERY rundown (drugs and homeless) and not doing well at all, interest...