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HI BP!I'm looking to purchase my first commercial apartment building. I know financing is different from standard residential units however I'm not sure exactly what I should prepare for. My questions:How does financ...
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Good Morning:
I am currently making an offer on an apartment building (this is my first rodeo) and one of the items (for due diligence purposes) that we seek from the seller (current landlord) is their tenant ledger....
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For the single and multi SFR owners,
How do you handle your cash flow? Do you do per property, then overall? Do you use a program (ie quicken?), or stick to the simplest of simples and use excel?
Does anyone have ...
Would lenders recognize if I exaggerate my portfolio?
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Hey BP peeps,
Newbie here, in discussions for my first Seller Financing deal!
Apologies in advance if there is a forum post similar to this, but I couldn't find one with a checklist-style format. As such, I am aski...
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Currently in the process of underwriting and finding equity partners for a deal our team sourced in Chattanooga. It's 25 units, off-market (we are direct to seller on it) and is a value add opportunity. Class B-/C+ pr...
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Hi there, fellow property managers.I have been previously using TurboTenant to manage my own investment properties but am now going to be expanding my property management business to include managing other people's in...
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I want to build a rental property portfolio. I’ve heard several investor say “It’s best to do an LLC for rental properties”. I do agree with that statement, but how do you obtain a conventional loan under an LLC? I w...
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Do lenders actually lend on the income of the asset or it is weighted on the net worth of the borrower, or both?
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Hello BP sages. I'm in negotiations to purchase a 12 unit apartment building in Ohio. We've tentatively agreed upon a price, but there's quite a bit of the financials that the owner has not yet provided. I'm hesita...