David Kuhlke
What's a good cap rate for an 11 unit apartment in the Midwest?
Hello BP,I'm looking at a deal, and I need help determining what qualifies as a "good" cap rate for small apartments in the Midwest.Here are the details:11 unit apartmentAsking price: $1.4 millionMonthly rent total: $...
Zachary Akey
Longtime lurker becoming active
Thanks for reading my profile.My name is Zachary and I am a prospecting RE investor. I am interested in cash-flowing smaller (<10 unit) multi-family rentals. Markets of focus include Space Coast, FL., and am lookin...
Matt N.
REFINANCING FHA TO ARM*
Hey All - I have been shopping around with lenders and wanted to get some others' opinions on this. I have a duplex with an FHA loan (around 5% equity right now). I've lived there for about 9 months. My goal is to pur...
Michael Bettencourt
Who will Heloc? Need help finding a lender!
I've spent weeks looking with no luck. I need atleast 70% LTV on a 2 unit I've never occupied in California. I was rolling with Penfed but they disqualified me because I own over 4 properties. Please shoot me suggest...
Jim Arnold
Pre Approval Letter
Hello all, when obtaining pre approval for a conventional mortgage does the lender state a specific time frame or place an expiration date on the approval amount? If so, how long is the approval usually good for?
Colin Middel
Annualized Total Return - Help!
Hey all - Relatively new to the REI market. Recently built a spreadsheet for myself to analyze properties and get a better feel for the market. I have a lot of similar characteristics from the online tool on BP. Howev...
Michael H.
Avg price/sqft construction costs in Los Angeles these days?
Searched and didn't find much information. I realize this is by no means the best way to estimate construction costs but I was curious what the avg construction cost is these days in Los Angeles. I'm not talking for...
Shane Pearlman
Usage Up 50% : Water Abuse in Multi Family
I have a duplex with 3brs / 2.5ba on each sides which we have owned for 7 years. The property is Master Metered for water. The tenants pay a fixed water fee, which I base on an average monthly amount over the past 12 ...
Mijin Kim
History of sale/purchase price - what can you tell?
Hi!
I recently came across a property owned by an LLC. The seller's asking price is 45K. The house is a couple hours away from where I live so I first looked up the sale/purchase history of the property and saw that...
Daniel Wendorf
Calculating ARV on SFH in the Milwaukee area.
Hello, my name is Daniel Wendorf.i have been looking to get into SFH but i guess im having a hard time finding out the ARV for some of these homes based on local comparisons. it seems that there is a big fluctuation ...