Kat Hussey
Is this deal good for Rent-by-Room?
Hello! I'm looking at a property that's in a great location, but the rents in the area are just a little lower than makes sense. However, this area is very close to downtown and I think could be great for a rent-by-ro...
Matt Conrad
Buying Decisions cheapr, smaller units or more expensive
Hi Folks,Just starting out. I am curious, in general, if you initially have just a block of cash to use - lets say 70000 for down payments. Is there more advantage (tax, cash flow, etc) to get many cheaper units or le...
Nick B.
Underwriting apartment expenses - small properties vs. big ones
Hello BP!Are expenses per unit significantly different in small apartments (10-50 units) versus large ones (100+ units)?I came across a couple of listings for small apartments (16 and 36 units), where stated actual ex...
Robert Lindsley
Do I need an appraisal?
Hey there,I'm in the process of buying a multifamily building (7-unit apartment building with an additional commercial space). Getting the final PA has taken awhile, but I'm finally ready to move forward with inspect...
Daria B.
Balto (MD) County-inspection(fire codes)-specific extinguisher
Hello, hello...I am about to go through a rehab of my property (located in Baltimore County MD) and was informed as a reminder of the new smoke detector codes. Detectors are currently up to code.I found these articles...
Scott Trench
Is there Any Reason to Be Bullish on Multifamily Right Now?
Hi Folks,
I just wrote an update to my prediction of a multifamily crash from 2023.
I looked at supply, demand, interest rates, and current pricing to create my outlook.
And, I was surprised. I was biased going i...
Michael King
Owner-OccupiCan the bank tell you which unit you must occupy?
Good evening everyone.
I am in the process of purchasing a multi-family property. I plan to move into the property with my wife. The bank that is financing us wants us to provide proof of residence after we close....
Justin Pumpr
Apartment Repairs and maintenance costs when underwriting
Hey all,
What numbers do you use when projecting repairs and maintenance costs for apartment buildings?
My rules of thumb have been:
- $650/unit for 2000s or newer and $250 for cap ex
- $750/unit for 1980s-2000s a...
Matt Aquino
Syndication Structures - Getting Started
Hi All,I'd like to get a conversation going and seek people's guidance for resources and the basics on putting together (as a sponsor) a syndication of LPs to invest in small (8-20 units) multi-family buildings in maj...
Jonathan Yeh
Dilemmas about purchasing a rental unit this year in Airdrie/Calgary..What to do!?
Hey guys, I'm an investor living in Airdrie right now, and I have been holding off to purchase a rental unit for the past year or so due to inflation and the forever-rising interest rate.However, I plan to buy one thi...