John Sayers
MF Syndicators; Why use a bridge loan, now?
I asked a similar question in a FB MF group but many syndicators seemed to shy away from the topic. Maybe more on BP can help educate.Topic: Using 3yr +1 +1 type bridge loans in stabilized MF deals (say 120U+, basic B...
Account Closed
Oakland Triplex Tenant Eviction for Renovation
I'm going through the process of assessing and making an offer on a multi-tenant building in Oakland.My main concern is that all the tenants are paying well under market rate ($800 for 1br, $700 for 1br, and $900 for ...
Nathan Klettlinger
4-Plex Deal - Negotiate price and raise rent
Hello,I am looking for your thoughts on a 4-plex deal in Medina, Ohio 44215. Each unit 2 bed 1 bath. Owner is asking 235k and it was built in 1995. 2units are long-term renters at $575/mon (since 2010 and 2004), bo...
Shiloh Lundahl
Buy or not buy small multi-family at this time?
I am under contract to buy a C-class 12-plex in Tucson, Arizona for 680k (roughly 57k a piece all 2 bed/1 bath). Rents are currently $500 at the moment but market rent is about $725. I pay water and garbage. Here is t...
Jason Flint
Opportunity to buy 5 single family home rentals....Good deal?
I just recently joined BP and the information/advice I have seen so far is always very solid, so I thought I would ask your opinions on a opportunity my wife and I have. We currently own 5 single family rentals in th...
Franc B.
Washer dryer hookup issue in rental
Hi BPs,We have a rental in Georgia that has a washer dryer hookup. Unfortunately the placement of a water heater in close proximity to the water and vent hook ups is preventing the tenant from fitting a washer and dry...
Mitchell Hosford
Maintenance on Raised Houses
Has anyone dealt with raised house before? Recently a couple have come across my searches and I was wondering if there are additional repairs involved since the bottom of the house is exposed? What other things should...
Colby Litzenberger
Proof of Funds to Fannie Mae
Hi all - I asked about private lending a little while back (http://www.biggerpockets.com/forums/311/topics/144...). I am back with another question. I am getting ready to make an offer on a Fannie Mae Homepath house...
Kevin H.
When is the right time to cycle out of properties...
I have two properties in my portfolio that I've owned for about 4 years now. They are cash flowing on average about $500 each BUT have now appreciated in value to tune of about $190k if i sold them at current market v...
Rodney Wehr
Four-plex FHA
Hello!Well my wife and I purchased a single family home a year ago and have successfully converted it to a triplex - and its going great, I'm happy to say. We are selling a SFR in Eagle River and have an opportunity ...