Kathryn Schauer
Thoughts on an Inspection Report?
These are the main areas of concern the inspector found today on a SFH I'm looking at in Indianapolis. The structural issues are really concerning to me, as well as the moisture in the basement.What is reasonable to ...
Enyi Ajoku
House Flipping with my Contractor
Hello Everyone, i've been looking at doing some flips next year and i hope i could get some tips to the strategy i want to work with.I have been searching and networking with some contractors, after some conversation ...
Kyle Curtin
Capital Raising Question for Sponsors & Fund Managers!
Gooood mornin’ guys! I have a question that I have heard different thoughts on in my travels and wanted to ask it here! So I am newer to the capital raising & syndication game, and have a local partner that I ha...
Ali Kassam
How do I determine poor performance vs poor management/accounting
I'm under contract to purchase a 41 unit POH MHP and a 24 machine laundromat. 24 of the units are currently rented. When I originally met with the owner, it was obvious that he wasn't going to have great records. M...
James Kojo
Underwriting Capex and Repairs with actuals
I'm looking at a smaller deal where the financial statements are not well-specified. It's a mom + pop owner-operator situation.For instance, it looks like they may have put large capex expenses under "repairs." I see ...
Joshua Andrews
Method of ROI calculation for notes
I've seen several types of calculations used to determine return on a note. One is the cash on cash method, and the other most frequently used is the IRR.
I am familiar with how to calculate both on typical r...
Tony Wooldridge
What does it take to be a good Blogger?
Hello once again BP Nation. I want to take a moment to thank you all for your visiting my most recent post (What is your FREEDOM number (#)?) man did you guys show up in true BP Nation form! Thanks again for that. ...
Jaron Walling
The UAW wants to wreck the economy
Is the auto industry big enough to create ripples in RE markets? If so, why? The UAW just escalated the "stand up" strike to 38 new locations. This includes everyone already striking. This affects thousand of UAW memb...
Patrick Durham
Refinancing Land Contract
Last year I started working on purchasing a house that had been vacant for 15 years. The owners passed and it was part of an estate. Due to the condition of the house and some back taxes I had to purchase it with a ...
Alberto M.
How do you analyze a multifamily deal?
When someone sends me an off-market deal, I find a property on LoopNet or on the MLS, the first metric I look for (kind of my first filter) is the cap rate. If it has a competitive cap (using MY expense ratio and the ...