Arvin K.
Need advice: FHA 203k loan or get home improvement loan later
Hello all,I have a four plex(Minnesota) that was signed this weekend, and inspection next weekend. I am looking for advice regarding the loan strategy.4 units in total, 1 vacancy1. Take a 203k FHA loan, and the 5.5% i...
Daniel Gutowski
72 unit apartment complex - 8.3 Cap rate
Asking $2,300,000
72 units - 1 bedroom/1 bath - 700 Square Feet - $460 monthly rent
8.3 Cap Rate - great for area
98% occupancy rate - due to low rents for area
49% expense to income ratio
Fishers, Indiana
• Upside...
Peter Fokas
Purchasing MF - need advice on next steps
Looking to purchase a 6 family building. Inspection came back with a bunch of issues. Whats is best strategy in getting these addressed? Request seller to fix or negotiate credit adjustments to price?
...
William Avery
Rehab complete, ready for buyer.
Here is my latest rehab. One of my real estate agents called me out of the blue one day and said she had a property I might be interested in buying. I was out looking at properties 60 miles away from Killeen but I mad...
Phillip Syrios
Should We Install Free Nest Thermostats
Does anybody in Property Management have any experience with these? In Kansas City the local power company is having a program that residents can get these installed for free as long as they have permission from their...
Phillip Christie
Landlord Friendly States
I currently own a SF Investment Property In New York, looking to transition to Multi-Family/Apartment Buildings. Any recommendations on landlord friendly states, that’s also an emerging market.
Amanda C.
How would you handle this?
I had great renters until they decided to buy another house and we put the rental up for sale. The last 60 days while we have had it for sale and they were waiting to close on their house, they have become a nightmare...
Johnny Kang
Fire Damaged Property
Anyone have experience purchasing a fire damaged property?I got an off market 3 family, where there was fire on the 3rd floor a few months back and the family is contemplating whether to use the insurance money to fix...
Tommy Kerwick Jr.
FULL Renovation Triplex Need tips!
Hey everyone. I just recently added a triplex to the portfolio on the Jersey Shore and it needs a 100% full renovation. It’s in a town that’s on the rise so I’m banking on appreciation as much as I’m banking on CASH F...
Sunny P.
AC repair
Tenant calls and complains temp won't go below 75. I called a bunch of companies, and finally got one to come out after 5pm because that's the only time that works for the tenant. Repair guy tells me the FILTER was f...