Help me understand Cap rate compression. I've heard many different iterations of this strategy and I am starting to think this is a make-belief concept. From what I understand, a higher cap rate indicates the expected...

I have an opportunity to buy an old hotel built in 1952 which has been vacant for 30 years.  it is a 42 room hotel on one level 13,000 sq ft. Cost looks like 30k. repairs are estimated to be 850,000. we plan on turnin...

Hi BP! My first post.  I love this site.  What a fantastic community and source of knowledge!  I am an investor/entrepreneur looking to do something in a commercial property niche I can't find many resources about: tr...

Hello everyone,I am working with two painters at the moment. They are both giving me different prices for Painting and Prep work. They do not have a unified idea on what prepping would be. I'm tired of the back and fo...

I created a real estate LLC a few years back.  I am financially independent (still creating wealth and living purely with passive income).  I am managing 6 properties currently, 4 of my own.  4 in Playa Del Carmen, Me...

Hello, I recently bought a 6 unit apt building and have decided to start updating units as they turnover. All of the floor coverings in units are pretty much worn out. I'm debating on eliminating carpet completely and...

I am often asked this question:  "What is my biggest financial risk in buying/owning a short-term rental property?"
Lots of things come immediately to mind:  Septic problems, a new roof, HVAC failure, lower-than-proj...

Currently looking into various areas to invest, and all of them, (Vermont, Minneapolis and Milwaukee) all have intense winters. From my experience in buying personal residences, the advice I've heard is NEVER buy in t...

Hi all, I recently made my first offer. It’s been quite overwhelming so far, but everything seemed to be going smooth until my inspection report yesterday. The “highlights” are copied below. Is this a deal breaker? Sh...

Hello, my husband are comtemplating and talking with the owner of a small property management co. to buy her business. All units she manage are HOA condos.

We would like to take over her business and keep her busin...