Vincent Chen
Millennials,BabyBoomers And Apartment Complex
Just bought a 8-unix complex out-of-state,will post the details once everything wrapped up in the forum.Still keep learning the apartment industry/market, since some apartment Gurus once said "The learning curve is th...
Bryan Satter
Converting motel to apartment complex
I recently put under contract a 20-unit motel in rural Tennessee with the intention of converting the units to studio apartments. The fix ups (that I know of) include adding kitchen efficiencies to each, replacing ca...
Stephen Manago
Property analysis of apartment complexes?
What is the most efficient and effective way to get the annual income an apartment complex generates? Are there any resources online where I could find this information?
Nate Heffner
Apartment Complex with OHFA Agreement
I am looking at a 50 unit apartment complex and on I was notified that the units "must remain affordable to households at or below 60% area median gross income (AGMI) until 2032 per OHFA". I am not familiar with this...
Joe Jephson
Fourplex in Large Apartment Complex
Hello BP folks! I've been watching the podcasts and reading the forum discussions for a year or two now, and this is my first post. I'm reaching out for some help because I don't know what I don't know...I'm evaluat...
Account Closed
Refinance help for Apartment complex
If I wanted to do a cash-out refi at 70% LTV, how do they value the apt complex? Is it NOI/ Cap Rate? Or do the banks find the valuation a different way?For example: The purchase price of the apartment was $1.7Mil 5 y...
Ryan Agustin
Tax Question: Selling Apartment Complex
Hi All,I have a property in the Columbus, Georgia under a LLC. If I'm looking at $150K gross profit after the sale, how much of it will go to paying taxes?
Eric Bilderback
Purchasing a HUD apartment complex
There is a HUD apartment for sale that has great numbers. The reason the numbers are so great is because the HUD program is only in contract to pay 60% or so of tenets rent for another year or so. That means the ban...
Tilottama Bandopadhay
Apartment Complex Investment- Advice Needed
Hello all,
First time posting here. We are not first time home buyers but have three single family homes ( rental) properties in California but want to buy our first apartment complex out of state for generating ca...
Ashton Levarek
5 Unit Multifamily Apartment Complex
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $240,000
Cash invested: $50,000
Contributors:
Jesse Marinez,
Chris Levarek
Current pro...