Jacques Bailey
Need some analyzing a deal - First Deals, want to make sure I am thinking correctly
21 Unit Apartment Building- Location: Syracuse NY- Asking Price $1.3M20% down for me (I used a 7% rate)- NOI & Cap Rate: $167,623, 12.8%- Built 1978- 95% occupied - 15 x 1 bedrooms, 4 x efficiency, 2 x 2 bedrooms-...
Marco Silva
What data do you use to find deals
Hi
So, I'm not an investor yet and still getting my fingernails wet, so bare with me and don't start roasting me, but on what data do you guys and girls rely upon to find deals? Networking is a part of it and will be...
Account Closed
First deal analysis, fourplex
I really appreciate the help from everyone!
I'm looking at a property here in Austin. It's in a low-income neighborhood, which is the biggest concern of mine. I would not assume any good appreciation on the...
Robert Zabel
Considering a 5 unit property, what are challenges from 4 plex?
Hi BP Team,
I'm working on purchasing my first property now. I am focusing on 2-4 unit multi-family properties, however a few 5 unit properties are showing up too. I know financing is different as it is considered...
Nuhan Demirkan
Question about 2% rule on latest podcast
In the latest podcast as a rule of thumb it was stated that the monthly rent should be equal to 2% of the purchase price in order to ensure the property will cash flow. I'm not sure this works, especially in my area (...
Jonathan Johnson
Does More Units = Smaller Cap Rate?
Hello BP,I was wondering when looking at larger apartment buildings and neighborhoods, when you get to 100+ units does the cap rate go down? I just looked at a 200+ unit apartment area for sale with a 7.5% cap rate, b...
Thad Hayes
Following Trend of SFR through CAP Rates
I want to get my foot in the door into an untapped hot market but I just don’t know where or how to begin. Before diving, how do I determine what cap rates or areas should I scout for especially for a market that I’m ...
Jeremy H.
Buying a house prior to Auction?! How have you or would you do it
Recently I've been trying to get more leads into the funnel and ideally close more deals faster. I'm having much better success with off-market as opposed to the MLS - my most recent strategy and a big one for 2023 is...
Peter Morgan
Should I replace garage door?
Hello,The gear sprocket broke and the chain came off from the garage door opener in my rental, the technician advised me to replace the garage door opener with a new one and charged me $550 including replacing pulley...
David Kuhlke
What's a good cap rate for an 11 unit apartment in the Midwest?
Hello BP,I'm looking at a deal, and I need help determining what qualifies as a "good" cap rate for small apartments in the Midwest.Here are the details:11 unit apartmentAsking price: $1.4 millionMonthly rent total: $...