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...

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...

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...

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.  ...

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...

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 ...

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...

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...

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...

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...