Anyone with experience owning both offices and multi-family properties able to share the relative risks of each? Looking to invest in class B properties between $450k-800k and 7-10% cap in Michigan. I've read that wit...
The Goal: My sister and I have a property tied up with the (possibly harebrained) plan to clean, paint, carpet, create an unpermitted “flag lot” with fencing, and fix a plumbing issue (10k), place tenants ($1,350/mont...
Hello Everyone! I've been on BP now for almost a year and have posted some suggestions but this would be my first question on the site. I was wondering if you guys could give me your opinions/analysis on a comm prop i...
Hey BP!So I came across a property that I'm interested in. The house was actually put under contract the day I reached out to the listing agent, but she called me to let me know the deal was going to fall through. She...
Purchasing a new townhome and received the following as best so far:- 6.875% 7/1 ARM- 7.35% 30-year fixed I am aware of the risks with the ARM and plan is to either refi when (if) rates drop, or sell around year 5 (al...
Hello BP, It's been a while since I have been active in the forums or on the platform. With that being said I have found an opportunity to get back in the game. Looking for some understanding about because of my plan...
In New York City a common practice among some landlords is what referred to as "warehousing" where they take vacant apartments off the market because it is less profitable to rent them out.Another reason why apartment...
Guys I need some advice. I am under contract for a 4plex. CoC (taking into account vacancy/cap ex and maintenance) is 16%. It is a class B or C. Schools are 9 and 10s. One out of the 4 units is being renovated and we...
I want borrow $50k per person from my family and friends with a Interest rate of 10% annually (distributed quarterly or monthly) to purchase and rehab a deal, stabilize the property, and put debt on it from Fannie Mae...
Howdy all! I am an investor here in Memphis, TN. Currently up to 7 buy-and-hold units. I recently came upon the perfect BRRRR - one in which an 85% ARV LTV Cash-Out Refinance would return all of my initial out-of-poc...