Benjie DeVera
Advise Needed from Lenders: Tax Returns Weight on Loan Application
Hi, I'm currently working on my 2014 taxes. This 2014 taxes will be the most complicated one by far, with itemizing RE expenses, etc. I do have an EA doing it, so I'm just trying to plan for 2015, as I plan to purchas...
Jared Murphy
Cap rate and Cash on Cash correlation
Hello,I'm new to real estate investing and have been analysis a hand full of deals. From what I've learned so far the cap rate in my area is between 5.5-6% As I run the numbers on a 38 unit apartment complex with a ...
John B.
35% Operating expenses for Apartment?
Looking for an apartment around 10 units in the South Georgia area. Expenses seem to run 27% without mgmt and 37% with 10% mgmt for C class building. Do these numbers sound right? Currently owned/managed by a local co...
Soumojit Sarkar
Hold on sell
I own a condo in BC but live in the US. I had issues with renting out the place earlier, and the current rent doesn't cover even the mortgage interest, let alone other expenses like property tax, insurance etc. The cu...
Tyler Winchell
so how would financing a apartment complex work?
if i were to buy a apartment complex outright for lets say 700k as my first investment. and 2 months down the road only 10% have been vacant at a time and rental income after managment is 11500. how can i do the BRRR ...
Stephen Jones
12 unit multifamily in Midwest area
BP,
I am in the process of purchasing a 12 unit multifamily property, I am wondering what investors in my area (Midwest) would pay for this particular 12 unit property? I just want to make sure I am not overpaying ...
David Shaun
Hit $200K in Cash Flow in 2024
January marks the 13th anniversary of the purchase of my first rental property. Since I learned a lot from this community, I wanted to share my success with you. In 2024, I hit $200k in cash flow from my properties....
John Quiles
How much would you pay for 156 Units in Atlanta?
I got this deal on my lap and it has 176 units in Atlanta (Decatur) 95% occupied. According to the P&L it gets around $993k on rent with about $375k on expenses. The buyers broker wants 4% commission pay by th...
Todd Keith
Is This 26 Unit Apartment Priced Too High?
Hello BiggerPockets,Can you seasoned multifamily investors give me some feedback on this deal that I am looking at right now. It's located in a Class C area in Akron, OH. Here are the details:
26 unit property (All...
Anne Laurenzi
Newbie with an opportunity for a multi unit purchase
So, a property near me just posted a few hours ago. It's 6 units. 1 duplex that is 2bed/1bath and a 4-plex that are 1/1 each. They want $120k. At MINIMUM, I could get $600 for each duplex unit and $400 for single unit...