I just found the property on lootnet. Can somebody tell is it good a bad deal? Im new
Two buildings with 8 units per building with parking space between. Monthly gross income =about $5,550 per month. Three 2 bedroom...
Hello BiggerPockets community,I am analyzing my first small apartment complex. Here is a quick description:6 Plex located in Gainesville, Florida, C/B on bottom, behind Oaksmall, convenient to UF, malls, and shopping...
Fixed utility charges that could place a lien on your property such as sewage - do you prefer to include them in your monthly rent price or prefer to setup a separate charge? pros? cons?
Hi,What department would I get in touch with to find out about local rent control in cities/counties? How about what utilities can be directly charged to tenants? Thanks
I am buying a 10 unit apartment building for $550k. Each unit rents for $650/month and taxes are $15k/year. I am getting a Mortgage Rate of 4.25% and it’s 5 year fixed, 10 year balloon, 25 year amortization - 30% cash...
I have been here for a while mostly just reading and learning. One thing I haven't read a definitive answer on is how 2-4 family's are appraised. I know 5+ are typically appraised based on the Cap rate and SFR are app...
I have a tenant that passed away.His adult kids came and cleaned up his place while he was still in the hospital.After cleanup and repairs there is a small amount left. His kids want me to return it to them and they w...
So I notice a lot of multifamily landlords I talk to seem to be paying for water/sewer/garbage. Is this normal? For example, a house is split into an upper and lower unit, each 2/1. The current landlord pays ~$190 a m...
Hi all, first post. I'm currently looking at acquiring a property that has a single family home, and a detached bungalow. The units are occupied, and rent for $750 and $500 each. (market level for my area)My questi...
Does anyone use rules of thumb for estimating expenses per unit for multi-family property? I have recently been told:Owner paid utilities: 4K-4.5K DoorTenant paid utilities: 3K - 3.5K DoorDo any owners have actuals...