Hi All-
I'm looking at multifamily and apartment buildings and wondering at what point would a commercial loan be "accepted." What I mean is, when it's a commercial loan the bank is looking more at the property and i...
Hello Fellow Investors
We own a 32 unit apartment in Arkansas. We bought it for $75K and spent approximately $400K in the rehab.
We are now looking to Refinance it with a commercial lender or bank and are finding i...
Hi BP,
I'm dabbling with the idea of trying AirBnB in 2 of my units that I just turned over in my 32 unit apartment complex.
Has anyone had any experience with this?
Details on the building:
-1 Mile from Green...
I rehabbed, have owned free-and-clear two multifamily buildings: 8 and 5-unit for 3+ years.
Essentially zero vacancy and steady rent increase in this popular downtown location.
Annual NOI is $140K although I manage ...
Hi BP family! I'm preparing for my future goal of owning an apartment. I have a question about cash reserves. How do I handle ensuring enough cash reserves for an apartment when I don't have a large amount of capital?...
Hi guys, looking to network with folks who have apartment properties in the Bay Area (not out of state). Would like to see how their properties are doing and share ideas. Thx.
Hello everyone!
I'm interested in obtaining a HELOC for one of my investment apartments. I've done some research and there aren't many lenders offering HELOC for investment properties. TD Bank is one of the few that...
I’m looking at apartments in Cleveland, OH and I’m trying to calculate ARV for apartment buildings, but everything that has been sold lately is not renovated. If there is a commercial realtor in this area that could ...
Hi BP Colleagues!!!I am analyzing a lead that I want to make my first offer on. It is a short sale, however I am not willing to pay what the seller is asking. In order for my numbers to work, I need to offer 40% less ...
by CalculatedRisk on 1/07/2010 09:11:00 AM
From Reuters: U.S. apartment vacancy rate hits 30-year high
The U.S. apartment vacancy rate rose to an almost 30-year high of 8 percent in the fourth quarter, and rents...