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As I begin the process of refinancing a couple of buildings that I have successfully repositioned, I’ve been a little skeptical of using the cap rate in the original appraisal. My Question....Assuming the building’s c...
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We completed the rehab work on 10/5. The basement bathroom was hooked to water on 10/3. No water issues. The Realtor was on the property on 10/6 to take pictures, the electronic lock was installed on 10/7. Then we hav...
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Hello everyone,
Just thought I would contribute back to the community. I have already learned alot from my short time here. In the link below you will find a photographic itemized database of items pertinent to a reh...
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hi pocketeers,I could not find historical data on cap rates for multifamily, so do you recall what rates were like 10 years ago?I do remember getting 5% on savings in the bank back then, but what would you expect (cap...
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7 years ago,if you checked the MLS or punched your favorite filters into Zillow,you'd get tons of results for your search.
Then you'd spend hours and days analyzing scores of listings to determine which was a good dea...
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AirDNA published their annual list, and the markets topping it are: 1. Peoria, IL2. Fairbanks, AK3 Akron, OH4. Columbus, GAYou can go look up the remaining 21 markets, but you get the idea. The industry is mature and ...
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so here is my 1st deal, please let me know your thoughts.4 unit multi, 3, 2 bedroom 1 bath apartments that currently rent for $600, and a detached 3 bed 2 bath SFH that is rented for $985.There is coin op laundry on g...
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Hi Guys!My first post here... I'm at the beginning stage of BRRRR process, trying to assemble a team of experts and one being the lender. Do you guys prefer working with one or two lenders or do you have a mortgage br...
What is a reasonable cap rate to find on current MLS listed apartment buildings, in a good neighborhood (A/B) in the $1.5M-2.5M if buying at fair market value?I know there are a ton of variances here, but if anyone ha...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $300,000
Cash invested: $15,000
First home converted to rental
What made you interested in investing in th...