Alicia Ayers
Single Family House won auction
So I’m nervous about investing in this SFH. I don’t want to spend more on it than it’s worth. I won it in an auction completely remodeled at $173k but the comps in the area are like $150k. I don’t know what I should do.
Account Closed
New Jersey Deal for Duplex, good?
Hey I'm new to BP. I am from NJ. I am looking at a well maintained duplex listed for $360K. The rent for each unit is about $1,225. It is in central jersey in a nice blue collar town. There a huge front and back ya...
Tab Teehee
Cap rate in laymen's terms
When looking at multifamily properties for sale, it's typical to see an advertised cap rate. Where does this cap rate come from! Who determines what it should be? As an owner myself, I know what my NOI is and I could ...
Strat V.
looking to buy wholesale and do rehab but numbers inflated
My colleague, who is also a real estate agent called me up to assess a property that another investor wants to wholesale to us. Here is the scenario. The investors that want to wholesale the deal to us are asking 79K....
Kaylan Haight
Tampa - Vacant Land
Hi everyone!I am wanting to wholesale vacant land and wanted help with understanding how to determine if the land is attractive to cash buyers. Is it primarily the location of the land or are there other factors?Also,...
Milton Durstine
Refinancing a Seller Financed Deal - Seasoning Time
Hello Everyone!Last October (October '21) I closed on a seller financed deal consisting of a triplex, duplex, and garage/ADU. So 6 total apartments. It needed quite a bit of work. Rehab is just about to finish with 4/...
Joseph Insalata
Home Inspections and Value
How do you determine the value/price of home? Would you recommend bringing a contractor when inspecting a house for the first time?
Brad Starks
How much to pay for a 36 units
Could you please give me your thoughts on how much to pay for 36 units which are 3 different buildings. I feel they are class c apartments. What is the best way to evaluate these apartments?They are in my home town...
Jordan L.
How do you know if you have a good deal for a buy and hold
How do you know if you have a good deal for a buy and hold? What should I be looking for? I have Brandon formula and others, but when I jot the figures, how do I know if it is a deal or not? What should I be aimi...
Shawn Fyffe
RE Land Development Tips
Hey everyone, I’m new to the Real Estate Development scene and before I go for this development deal, I want to know what I’m going to see when the deal is in progress.I would give some examples however I’m am surpris...