Darrell Bratton
Help me learn the process of short sales and REO for mult-familys
I am in Maryland. I want to teach myself the process of short sales and buying REO multi-family properties (5 to 10 unit building). Is the short sale and/REO process for a multi-family the same as buying a single fami...
Pal Sa
Lease renewal and rent increase by 5.5%
Bigger Pockets forum, Happy Thanksgiving to you all. My rental home is coming up for lease renewal. Our tenants would have stayed there for a year by then. They have been good. They pay rent on time. I am able to wor...
Jonathan Warren
Need thoughts on Potential Deal.
I've run the numbers on my first off-market property through networking with friends. I just did a walkthrough today, and the Property is Turn Key. Seller agrees to pay for cleaning. Because of another friend, I ha...
Rich Gabrio
Difficulty finding Loss Coverage provider for Old Commercial Bldg
I recently acquired a small commercial building that was built in 1889. This bldg has essentially been in operation most of its 125 years. I am not a developer, and therefore have no plans to refurbish this building,...
Ismael Jimenez
Anybody having problems with property appraisal?
Hello everyone! I currently own an fourplex in Del Rio, Tx that I built 11 yrs ago. The property is in great shape and needs a little face lift. I wanted to do the refinance with cash out option but the appraiser, the...
Dave Brodie
Realtor charging me $2,500 to buy?!?
Hello -
I've bought a 6 duplex's in the past year using the same realtor. I recently placed an offer for another one and noticed a "promissory note" of $1,000. This sparked my interest as I expected the realtor to be...
Taylor C
Thoughts on this 37 unit
I've run across some larger multi-units. This one seemed interesting.
37 units + underground parking
ASK: 1,999,000
CAP: 7.34
GROSS: 301,309 (25,871/mo rental - 4% vacancy + laundry income), with opportunity for rent...
Natalie Wells
Purchasing Owner Occupied 4plex/ Seattle- best financing options
We are trying to purchase an owner occupied fourplex, priced at just over a million. One of the local lenders we have spoken with told us that they still require 20 percent down even if the fourplex will be our primar...
Rose Nielsen
How to leverage $200K to acquire 20 units that makes 6K a month
Scenario: You have $200K to invest. You'd like to acquire a portfolio of approximately 20 rental units that kicks off about $300 of free cash flow per unit, per month. How would you go about deploying that money? BRR...
Michael Nahm
Advice on pet clauses
I have a home up for rent and I received a great application from potential tenants. They have a couple of dogs. I’d like some advice on possible clauses that would protect me in the event of potential damage, beyond ...