David Kuhlke
What's a good cap rate for an 11 unit apartment in the Midwest?
Hello BP,I'm looking at a deal, and I need help determining what qualifies as a "good" cap rate for small apartments in the Midwest.Here are the details:11 unit apartmentAsking price: $1.4 millionMonthly rent total: $...
Travis Rogers
Storage Facility Purchase - 10% LTV Financing Requested
Hi Folks!
I have a few single family rentals (Oregon and Texas) and they're doing great, and I have a large amount of equity in each house. I live in Oregon and am purchasing a storage facility in Texas for $450k, th...
James Palassis
Zillow "Pre-foreclosure" status
Zillow is showing a home in the neighborhood next to my primary residence (literally one tenth of a mile away) in "pre-foreclosure" status. It states the loan is in default and even gives the foreclosure attorney's na...
Sharon Rolel
16 unit century old building
I'm looking at this building, ARV (though I plan to hold) is 750k, needs 100k at least (150k pessimistic est), and the seller is down to 425k (mortgage is 410k which I will assume, though I will have to pay back some ...
David Zheng
Craziest Thing You've Ever Found in a Property
I'm about to go into a hoarder/mismanaged potential apartment building and am prepping for the worst, so it got me thinking. whats the most disgusting/craziest/expensive thing you've ever found in a prospective or ren...
Allison Ault
Buy or Sell Cash-Flowing Property That Needs $30k Repair
This is my first time posting to Bigger Pockets! So excited to use this resource. I read a book by Bigger Pockets 3 years ago on out-of-state investing and bought my first out-of-state investment property halfway thro...
John Matthew Johnston
Normal wear and tear???
Hello Bigger Pockets! I am experiencing my first vacancy and wanted to ask a question concerning the security deposit. The tenant really did a number on the place and I want to make sure I’m in my legal rights to keep...
Chris Rush
Multifamily Apartment Syndications
Multifamily Apartment Syndication takes advantage of economies of scale to enable your real estate investments to be truly passive by pooling money with other investors to buy larger assets that can support a full tim...
Aaron Cullen
Can I give Comps to an appraiser?
I recently had an appraiser cancel my appraisal with the bank claiming "undue influence." And that I "demanded they be considered."Now I know the "demanded they be considered" statement is false (because I didn't) so ...
Drew Cameron
Startup money
I went to a meeting two nights ago and heard a pitch for startup money. The basics of it were if you have a credit score of 680 or higher you can get up to $150,000 for a 10% flat fee up front and 0% interest for the ...