Thomas Brady
Small apartment building. Good buy?
Hey Everyone, I have been working with an investor trying to find a good rental property to go in on and I think I might have found a diamond in the rough.Here it is: Asking $582,00012 unit 3/2 apartment buildingAll u...
Dean I.
Need Help Evaluating a 4 Plex
I know, I know, use the search bar . . . and I will, but I was hoping to get some fast advice while I do, since I will be putting in an offer tomorrow.This is a Quadplex building in subdivision of other 8 or 10 other...
Brett Roth
House Rules and Resonable Fines
Hello The time has come for me to implement and post "house rules" and put fines in place for stupid things like littering, giving out front door code etc.... My understanding is that house rules in Alaska can...
Ally Mager
Searching for Multifamily Properties
Hello,We’re looking to 1031 out of our properties here in Portland, but cannot find a property that we would like to transition into. We have multiple offers on our properties, but will not sell/list until we have fou...
Lauren Sherer
ADU in Arvada - owner required to live on-site
I'm considering building an ADU in my backyard for rental income but just found out the city of arvada (in colorado) would require the owner to live on site, either in the primary residence or in the ADU if an ADU was...
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...
Matthew Gainey
2% Rule
I was explained how the 2% rule works but I have confused myself as I'm sitting here thinking about how to use it and what it is exactly for. Please help!
Brian Sealey
Net Present Value
I'm using an investment analysis program that allows me to input NPV (can input a percentage for before tax and after tax to help determine the value of an investment opportunity). My question is how important is it i...
Collin Borns
Passive Investor in a Syndicated Deal
BP,Is it hard to find deals where you can be a passive investor, but not an accredited investor? Specifically in deal sizes that are 30+ units?Thanks
Peter G.
1% rule how acurate is this?
I know its just a rule of thumb but in my area out of over 50 houses I have looked at 1 of them meet the 1% rule... 99.99% of the houses are selling for 110k-120k and doing 900-1k in rent monthly. I am starting to get...