I have a portfolio of 6 self storage facilities that are currently financed with a local bank. The current arrangement of our mortgages is that every 5 years the interest rate will reset. We currently have a 20 year t...
Hey BPers,
So I've been doing my wholesale direct marketing to absentee owners for about 2 months now (2 touches so far) with no luck of a good deal. They've all been unmotivated and wanting retail price.
My plan h...
I’ve been out of the real estate market for a few years due to the lack of inventory and crazy prices but something came for sale yesterday that intrigued me. It’s two brick quadplexes side by side with separate utili...
The hearing is on Nov 26th, so I had a short time to react. What's your opinion on this, am I overreacting? What do you think will happen?
## Mayor Quinton Lucas and the KC Tenants Activists
Kansas City new mayor ...
I'm starting to look into performing a 1031 exchange into an apartment complex and am looking for more information on value adds and how a lender obtains their valuation based on the CAP rate. See example below.- 30 u...
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I rent a room out in my SFH. It is currently rented for $100 per week. How will this affect my Taxes? Will I be able to deduct a portion of my mortgage and property tax as a cost of business? What other implications w...
For me it's a NO if the adult tenants simply don't have enough income or a low credit score. I've only done it for students, recent grads, or recent immigrants. I just said no to a family of 3 with only 2.4x the rent ...
Hello everyone,I'm looking into purchasing my second REI but first SFR. List price is for ~$60k its a 2 bed 1.5 bath near the local university and community college. The tenant has been there for several years and the...
Hi BP community I just set up my account and was hoping I could get some feedback on setting up an industrial value-add fund specific to cannabis land & infrastructure development. My company plans to develop 10 i...