Hi BP, once again thank you in advance for any and all advice. I am underwriting a fairly straight forward joint venture 40 unit apartment net new construction project with a local builder. We are currently in the inv...

Hey everyone! My wife and I are closing on our first buy & hold on the 18th of this month! The numbers look good:

Location: Broadway House
Number of Units: 1
Rent: $1,350.00
Square Feet: 1,666
Upfront C...

Hello everyone! We are newbies and have been running numbers on lots of deals but they never seem to make sense (off MLS). We finally have one that my husband saw and we realllly want it to work. With that said, we do...

Hi BP community,I am in Chicago to take a tour of a turnkey rental operations. Although it is kind of last minute, I thought I would run by BP community list of questions I am going to ask or notes I am going to make....

For example: i wanted to know if I had rent coming in at $1000 and mortgage is $400, which the rule states that 50% of the income will go to expenses and the other will pay for the mortgage and the reminder will be th...

Hello,I found a apartment complex that has a lot of issues, It has 52 units that was damaged during a fire, property has a lot of cosmetics issue, and property management issues.They do have good cash flow, they are a...

Hi everyone.  Last July, my tenant asked me to fix the spring(s) on the garage gate.  I said that I would address it when I had more $$$ to cover the expense.  (it wasn't just the springs, the gate won't open automati...

Hello Storage Facility Owners and Operators,
I'm reviewing the financials for some properties and seeking your collective wisdom on the operational benchmarks for running these facilities efficiently.We understand th...

Hello !

So I have a question, I listening to Ken Mcelroy and he says: to get a value of a building, take the net operating and divide it with the going capitazilionation rate.

So, on one building here, I ...

Greetings!  My wife and I have 2 Single Family Homes in an LLC with another couple.  We've had it for 9 going on 10 years now and have taken an owner draw one time in the history of the company (maybe 2 times) for les...