Wendy Forbes
Bought building with no parking - crazy person! Any solutions?
Well, I would have liked my first "I just bought a rental property" post to be a bit more of a brag, but it isn't! I bought an apparently nicely cash flowing property (better than the 2% rule) in a flood zone in the b...
Julie Fishman
Commercial Loans 101 Discussion
Does anyone have any questions about how commercial loans work?
Andy Pillinger
best cash flowing areas in sw fl
Hello all,In the next few months i am coming into some cash and have been trailing through towns and cities in FL to try and work out which locations would provide the best cashflowing properties in areas that have lo...
Account Closed
Section 8 -- Incentives (rebates) to be good, clean tenants?
Hi guys,I am thinking about purchasing a 4-unit, 1 BR/1BA building. Two are Section 8 ready. In order to decrease problems with the property, I am thinking about doing the following things:1. Only accepting those w...
Travis Bauman
To Coin, or to Not to Coin. That is the Question
To Coin, or to Not to Coin. That is the Question
I am new to being a Landlord. I took Over a 7 unit building. All One bedroom units with no washer or dryer hookup. In the back of the building there is room to put...
Keeton Byerly
25% Expense Ratio - How to I get it?
I've seen several multi-family home listings suggest that a 25-33% expense ratio was not only possible, but commonplace. In my properties, I've been operating at about 50%. Is this something that comes with economies ...
Isaac Young
Opinions and Insight on First Possible Deal
Hello everyone,I am a 20 year old college student graduating this May. For my first building, I have my eyes set on an 11 unit building that is for sale at $400k firm. The numbers look good, especially for me living i...
Todd Ryan
Afraid to pull the trigger, is this a good deal?
I live in the Rochester NY area. I've been looking to buy my first multi-family house all summer long.My search has been mainly on the mls and craigslist.I've been having a hard time finding something that will meet ...
Benjamin E.
Repost - question on rental rehab/doors/trim/molding or paint?
Hi All,This is a repost as I put it in the wrong forum earlier. My apologies. Would appreciate your thoughts. Second multi-unit, first real rehab. 100k budget and 70k in. So I have a three flat that I have been rehabb...
Sing Ho
First rental property headache
This is my first rental property. Recently just bought a 5 Unit rental property and already having problems getting rent from 2 units. One of them in Unit 5 I met was a family who longer wants to move to a better neig...