Hey,So I am looking at a 22 unit deal in Lakewood, WA. Going through the numbers I noticed that the building currently has one master meter for electricity, which the owner pays for out of pocket. Does anyone have e...
Hey All!
On the podcasts, @Brandon Turner always suggests we introduce ourselves in the forums when we join the community and being that one of my new year's resolutions is to take a more active role in the community...
Looking for some advice regarding my extremely high heating bills. I own a 14 unit apartment building located in Commerce Michigan. I currently pay the gas and water for my tenants while they pay for their own elect...
Hello and hope you’re all having a great week!I’ve been speaking to several experienced investors in the commercial MF space and for the most part when we talk about analyzing numbers on a property they always mention...
One of my preferred phrases is "Let Painters, paint." Guided by this principle, I delegate most tasks to skilled professionals to ensure efficiency. I currently outsource to a full service property manager who excels ...
Hi BP community. I bought a 3-unit with cash borrowed from a friend at 4.5%. I wanted to implement the BRRR strategy right away. I bought the property at 60 cents on the dollar. I sought a cash out refi from my local ...
My PM uses AppFolio and apparently it can not produce standard accounting reports (P&L, T12 and rent roll). Can anyone confirm this or help me coach the PM? I need these reports for the bank and for general anal...
Hi All, I'm about $50,000 away from a take it or leave it ask price by a MHP seller. The park meets all my requirements and has extremely good upside in potential income. I'm hesitant because it's my first deal and ha...
Hey everybody I just wanted to take a couple of minutes to introduce myself to the BP community!My name is Brian and I currently reside in Palm Beach, Florida. I've been toying with the idea of investing in real esta...
Old blind guy wants to buy a lottery ticket for a dollar (don't ask me how he got there). He is sure his numbers will hit this week. He goes to give the cashier 100 dollar bill and the cashier explains he can't ...