Beily Pan
Well maintained 4 family home in NJ for $600k, worth it?
Hello!My husband and I are looking to make our first offer and have been wavering on a property we saw recently. Is this worth it for our first property? Here are the numbers:4 family house listed at $600k2 units will...
Andrew Baines
Deal Analysis - Foreclosure Duplex
Working on analyzing a project that my partner and I want to put in an offer today. It's a foreclosure in an established area of the Detroit suburbs. One of the units is currently occupied and the other is vacant. ...
Andy N.
Management question
I have a 48 unit that I just switched to a property manager. I am being charged 8% of gross rents as a management fee. This is a new property to me and I've been using the manager for about two months. I was drivin...
Liam Delumpa
Screening Multifamily deals
Hello BP!I am currently building out my funnel of leads for multifamily properties in my market. I understand the basics of underwriting, but I am curious how you screen deals and narrow down leads to a subset of prop...
Matthew Diana
example deal (working the numbers)
I was just curious to see how far off my numbers are, this spread sheet is assuming I do no negotiating or have no major factors in repairs. I am just looking to see if my numbers are realistic. Also the utilities are...
Mark Rauch
Commercial Property Valuation
If one were to use the CAP RATE method for calculating the value of a commercial property, if all the leases are triple net rather than gross, would you simply divide the gross operating income by the CAP RATE? Am I ...
David Morrow
The 50% rule - explained (AGAIN!)
Twice today I've seen posts that demonstrate a gross misunderstanding of the 50% rule, so I thought it would behoove me to start yet another thread explaining this concept to my fellow knowledge-seekers.
The misconce...
Andrew Bolton
Commercial Loan for a 5-unit building in NJ
Hi there, I currently own two single family rental properties and was recently approached about purchasing a 5-unit building in the same town. The listing notes state that only commercial loans can be used. I have z...
Josh Dillingham
Legal or Illegal: High income requirements for multiple tenants.
In order to show a unit I require that a prospective tenant has a monthly income of 3x rent. But that leaves more room for error for a single tenant than for a family of 4. would it be discrimination based on familia...
Kole Kingslien
Best way to pay yourself from an LLC for small contractor
Hi all, I am looking for advice on how to help my dad out with getting his business going. I have set up a Single member LLC for him, and am wondering if I should put him on payroll with his other employee(s), what wo...