Jason Baldwin
Crime Rate - How high is too high?
I recently stumbled on a fully occupied 6 unit property that would bring in about 35% Cash on Cash and that does take into consideration 15% vacancy. The city itself has a higher than average crime rate according to n...
Amanda H.
“Bad” neighborhoods - buy rentals or not?
I’m looking at a great deal in a not great neighborhood. Not great as in lower income, higher crime, and from what I can tell driving through, mostly African American neighborhood. Should I avoid this area all togethe...
Andrew Schutsky
How I Found My First 2 Deals as GP and Lessons Learned
Like many reading on here, I began the 2021 calendar year with great ambition; I wanted to close 2+ Multi-family deals as a GP of 50+ units each. Most importantly, I wanted to establish my brand and reputation in th...
Keith Belzner
Tenant / Buyer does not exercise option, now what?
Hi BP, Searching around but have not been able to find an answer to this question:For example I get property from seller with a L/O and then sell the option to tenant/buyer for my fee then get out of the picture. Aft...
Susan Grinde
What questions are good to ask a potential lead when they call?
I have gotten my first deals from the MLS, but have noticed a few neglected homes while driving around my hometown that I want to send some letters to. This is my first attempt at generating leads in this manner and I...
Michael Yin
What's first... the deal or the funding?
My partner and I are interested in buying an apartment with 100-200 units. We'd like to find a B class property with some value-play that we can re-position and resell within 3 years. Would you have investors and lend...
Justin Foster
How should I outsource bookkeeping?
I'm looking for advice on how to best outsource bookkeeping for a rental portfolio of 15 - 20 SFR and small MFH units. Here's some background. 1) I suck at bookkeeping. I'm in the process of getting everything cau...