We're currently looking to invest in two 30-40 unit properties in the Sacramento region over the next year. Our equity would be $1M in each and total purchase price we're looking at for each is in the ~$3M range.Our c...
When doing a cash flow analysis of a proposed rental property, does everyone use 50% of gross rents as the properties operating expenses. Though it makes practical sense, it sure cuts down on the amount of rentals th...
I'm Robert Louis Jones, I prefer my middle name, Louis. I live in Chicago, where I plan to do my investing.
Hi,
Since I'm new here and I dont want to make stupid beginner's mistakes, I would like to get people's advice on something like this :
http://www.loopnet.com/xNet/MainSite/Listing/Profile/profile.aspx?STID=&LL=&...
Hello BP Community! I found BP about three months ago and I am very excited about joining the community. I work full time as an engineer and I am on the road quite a bit. While on the road I have had the opportunity t...
Hi everyone! I'm a newbie here on BP and wanted to introduce myself. For the past 15 years I've worked in retail management and I'm now looking to transition to real estate investing. I just recently moved to Phoenix...
I purchased my first duplex and have kept the tenants on MTM to see how they do. I just received the appraisal for 2024 and the assessed value will increase $28K, increasing my taxes $600 if the tax rate doesn't incre...
So Im getting my feet wet with apartment complexes and came across these off market properties. Here is the deal....Property is from about the 50s with some work done to it in ~80s. Current owner purchased for $350K (...
Hello BP members!! Just wanted to start this forum for new and seasoned multi-family investors. Base on your experience, what value adds do you look for when evaluating a multi-family property?For example (try not to...
I am looking to purchase a 50 unit multi-family property that has nearly all renters on Section 8 subsidies. The seller has provided the rent rolls and previous year (2017) Income Statement. I noticed that the expense...