Justin Westmoreland
How to calculate value add on a multi family property
I am new to BP and my goal is to buy value add properties with at least 16 units or more. How do you calculate the cost per unit, what are some things that you look to improve in a value add property and how do you kn...
Chris Huguelet
New Member in Charlotte NC
Hi BPers,I joined the BP community a few months ago and have been reading Books, the forums, catching up on the podcasts and familiarizing myself with all BP has to offer. I probably shouldn't have taken this long to ...
Tray Ross
Value per door when acquiring a PM business?
I am interested in purchasing a property management business out of South Carolina. It is a short term vacation property management for the most part, and there are 62 doors. They valued the company at $675,000. Howev...
Dustin Lee Cotliar
Newbie's first deal -- advice wanted on how to finance
Hey BP community-
Below I’ve outlined a deal I’ve found in Florida. I love the location, appreciation potential, the property needs work but already as lots of character. And most importantly the numbers just make ...
Sean Wilt
Do I pay Sales and Occupancy Tax on cleaning fees?
I know I will have gross revenue from rentals for income tax purposes which would include cleaning fees collected. For income tax purposes, I know I can deduct the actual cleaning costs so that portion of revenue bec...
Michael Calderaro
Important paragraphs to look for in a laundry lease
Greetings Gentle Readers!Important Disclosure: I am not a real estate attorney and I only offer my anecdotal and my 30+ years' work experience in the informational blogs I write. Should any legal question arise from y...
Account Closed
Door Knocking & Absentee Owners
Hello forum, Since I want to lead with revenue, and not expenses, I figured I should at least try door knocking, craigslist, etc before blowing all my money on direct mail. I'm wondering in a specific market, what typ...
Michael Draper
Transfer tax when transfering from me to my own business?
I just bought a property in my own name. I wanted to buy it in the name of my business, but because I started the paperwork in my name (because my LLC wasn't finished at that time), I had to buy it in my name. The chi...
Andrew Vincent
New real estate agent
Hello BP people! I have just passed my real estate exam in Michigan and will be able to start showing houses with in the week. I have a great interest in helping investors out as I am looking to become a real estate i...
Grant R.
Covid-19 VS Mobile Home Parks
I've love to hear from mobile home park owners or managers! On the broader scale in general Midwest markets, how did mobile home parks fair during Covid (LAST 12 MONTHS)? Were occupancy numbers up/down? Was rental ...