Taylor C
Thoughts on this 37 unit
I've run across some larger multi-units. This one seemed interesting.
37 units + underground parking
ASK: 1,999,000
CAP: 7.34
GROSS: 301,309 (25,871/mo rental - 4% vacancy + laundry income), with opportunity for rent...
Marshall Hooper
Property Management Company for sale - How to value
I've been offered to purchase a property management company and I'm hoping to get some advice on how to property calculate the purchase price. It's approximately 200 doors with about 12k/mo. in gross revenue.
Andre Chouinard
HELOC debt to income ratio calculation and NH lenders
Hi everyone,I have been owner occupying a duplex (renting out one full unit plus spare bedrooms) in Dover since 2016, get rents totally $3440 monthly, seen great appreciation on the property value, and want to open a...
Larry Brown
New York State Legislators considering waiving rents for 90 days
To all landlords and real estate investors in New York State - The state senate is currently considering a bill that would waive/suspend rents for all tenants impacted by the corona virus. Senate Bill S8125A states th...
Christian Allen
Growing portfolio will I hit DTI and DSCR wall?
Recently been thinking about how the bank views rental income and your personal debt to income (DTI) ratio. From what I've read and experienced with my two properties, banks will typically take 75% of your rental inco...
Ryan VanPatten
When can I use rental income for a new loan?
Hi,I have a townhome that I live in and rent additional rooms. Can I use this income as part of my income when I apply for another loan? I bought it in Augusut 2012, so the two year mark is right around the corner.I...
Kristoffer Dayrit
Higher loan amount: high salary w/ debt vs low salary no debt
Hello BP,My brother and I are planning on purchasing a multifamily with an FHA loan to house hack. My brother has a constant monthly salary (web developer), whereas my monthly salary is more random (restaurant server)...
Scott Starkey
Refi commercial loan (apartment) help/ suggestions
Hi,My company specializes in purchasing deferred maintenance, poorly managed rental properties with below market rents. We purchased an 8 unit apartment complex with 2 duplexes (total 12 doors) under the same comme...
Jerrmarco Rhodes
61 unit multifamily deal
Hello,
I found this property and I was curious to see if it comes close to a good deal or not. I used the 50% rule but I may have made a mistake so i would like if you could help me out with this. Thank you.
Milledg...
Jeff Lucy
Typical Net Income %
I am interested in hearing what others are are able to realize for Net Income as a % of your gross revenue on rental properties. This would be net of all mgmt fees, repairs, taxes, insurance, etc. I just analyzed the ...