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I am looking at purchasing a 72 unit apartment REO in my area. The bank is currently offering 20% down, 300 basis over prime with a 6.75% floor on a 20 year amortization and a 5 year balloon. Apartment is currently 75...
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I live in a suburb East of Cleveland (Wickliffe). I am considering turning my primary residence into a medium term rental within the next 6-8 months, since it is already furnished. My house is a 1,000 sq. ft. 3 bed, 1...
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I'm an investor from California looking at a 12-unit property in the midwest. Below is my analysis of the deal and I'd love your feedback!The building is in good condition overall. Units are all 1 BR 1 BA and very dat...
First post! I am analyzing my first property in Louisville, KY. It is a triplex.Here are the numbers I am getting. It looks like CoC of just 4%, but am I missing something? The numbers are the “actuals” (per sellers...
Hi all!Thought I'd share my story and hope it would inspire someone else to go for it like so many of the stories here inspired me.My interest began when I was in college learning to be an xray tech. I read blogs and ...
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Hi there everybody,
I've been a long time reader of BP but this is the first time I'm asking for advice based on some pictures that I took of a property I bid on today. I bid 5k above asking but was outbid at 18K abov...
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Hi there,
I am new to Bigger Pockets and am so excited to find this resource! I have a question regarding the prices of multifamily in San Diego. My husband and I are ready to buy our first home and would like to do...
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I bought my first rental property in early 2015 (a duplex) which continues to be a success almost 3 years later. For one reason or another, unlike most, I felt a feeling of being content and went back to the sidelines...
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Hey all.I'm new to BP and REI and so I spend most of my time lurking and trying to absorb information. I came across this listing in the Pittsburgh area:- MLS#1351695- https://www.zillow.com/homedetails/2004-Gregory-S...
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I'm looking for some advice on acquiring more rental properties. Right now I have one rental and live in another property with my wife and Kids. Both properties have at least 100k in equity each. I want to use the equ...