Jason Malabute
how much is your property is worth?
If you are wondering how much your property is worth today, you will need to know the net operating income and cap rate.
A local broker will be your best resource for the cap rate. Net operating income equals gross...
Nichole Wall
My first deal...need help figuring out how to analyze...Need feedback
Ok BP friends...I've spent quite some time analyzing this deal. I still have some due diligence to do like go out and take a contractor on the property to see if it needs any fixing up. First question to that...should...
Mary Chen
Expenses that can be used in a 1031
The property we have has some repair work that needs to be done before we are selling it out as a 1031. What kind of expenses can be claimed back from the sale proceeds? (Eg Travelling cost, cost to repair (labor, ma...
Ian Livaich
Calculating Expenses for Small Multifamily (Repairs/CapEx)
Hey everyone,I am searching for a small multifamily property (most likely a duplex) in South Jersey. I am going to look at three properties tomorrow with my agent. I am crunching the numbers and determining at what ...
John Smith
Fake work order from Property management?
My property management owner portal shows all work orders and repairs submitted. In a recent repair, the work order file uploaded had a filename with a different address in it. It went something like "workorder# 11232...
Raquel D.
Coin laundry for 4plex - replace machines or use a service?
Hi everyone,I need to replace a gas washer and dryer at a 4plex in Dakota County. The units were recently remodeled, and the laundry room is the only thing left to tackle. Currently there is one coin operated dryer...
Kel S
Would you invest in a 3 or 4 Bedroom???
We looked at 2 houses today.
The first one:
One was a very small (780 sq ft) 3 bedroom. Build 1940's. The living room was tiny...12 x 11. Then 3 small bedrooms - 12 x 11, 10 x 9 and 10 x 8 and 1 bath. Beautiful new...
Chris Hamrick
Advice Buying A Auto Repair Shop
Hi everyone,Does anyone have experience buying existing businesses? What are some things I should look for? Here are my concerns:- Providing false records of income. The thing about this business I can look in their p...
Brittany King
How should I analyze a multi unit property?
Hello BP family! I have a few questions about how to analyze multi unit properties. My questions are 1) when you calculate cap x, vacancy rate, repairs, trash, water and sewer do you always use 5% of the monthly rent?...
Ali Nurmohamed
Help me with calculating NOI
Do you calculate your NOI over you Gross scheduled income or just your Gross income?