Lam N.
Cheap way to setup coin operated laundry
As an experiment, I setup a laundry room at one of my 5 apartments buildings a coin operated washer and dryer. The coin box is only about $100. Since I've never had any coin operated anything before, the very next d...
Lari A.
LLC Confusion in Florida!
Hello BP Community,I've been reading the BP forums (and others) regarding forming LLCs, and oftentimes the information in one post/article negates what's in the next. My confusion lies in the varying information conc...
Benjamin Haberman
Setting up a rental portfolio business
Hello BP community,I currently have a friend who wants to invest in SF rental properties. After explaining the cash flow some of these properties have in this certain area, he couldn't believe it. He asked me to draw ...
Kiana Rose
Property Manager Spread Sheets
Hi all! - I am a real estate agent stepping into the property managment space and like to stay as organized as possible. Any property managers or landlords out there have some good spreadsheets they are willing to sha...
Rhondalette W.
Market Cap Rate- Arlington, Texas
How do I find the market cap rate for c-class, small (5-20 units) multifamily in Arlington, Texas? Trying to analyze an off market deal. Saw a cap rate of 12.0% online @ caprateindex.com but 12% seems high. Can anyone...
Paul Daniels
Best System to keep track of VA Work
I have a VA calling and sending SMS messages to a listing of vacant property owners. We are currently using XL and the VA is just updating the sheet as needed. I am looking for a CRM type system similar to a databas...
Rob Beardsley
How do you calculate annualized return with refinance?
Normally calculating annualized returns is very simple: sum all of the profits and divide by principal and by holding period. However, when there is a refinance event in the model, the cash flows are much lower becaus...
A Rao
Should I develop a build to suit for a QSR in Atlanta GA?
I invest in land and have done entitlement/zoning and other DD work successfully for years.A broker called me this morning on a property I have on a busy interesection and has a QSR client who likes the location, but ...
John King
Important Financial Statements
Hi Guys,
When seeking financing, whether it be from a bank or private lender, what types of financial statements should be presented to show the lender professionalism and that due-diligence has been thorough...
Josef Torkelsen
Bank Operating Account
How do you guys recommend setting up property operating accounts (e.g.; checking) for multi-family apartments? Do you have an operating checking account for each property? One account for all your properties? #AskBP