Hi everyone,

So I understand the Cap Rate concept of annual NOI / value = Cap Rate. However, what I cannot seem to find is an exact description of what "value" I need to use. Should this be the ARV / Comp val...

The Illinois Manufactured Housing Association is currently fighting two bills in Illinois that would allow rent control law and regulations. We have stalled both bills temporarily.We will be putting on a Lobby Day on ...

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $18,500

Cash invested: $235,000

Sale price: $414,500

We built 7 duplexes to be kept as rentals for the growing
p...

Hi,We are closing on 14 unit property on next Tuesday! I am so excited! This will be our first time inheriting tenants but the previous owner did not do move-in inspections on any of them. How do you justify to use th...

BP Community,First, thank you for your time in answering.  I appreciate all the great people that are willing to share the knowledge and experience they have with a newbie.I am about to walk into my first appointment ...

May question is simple I am sure for many of you seasoned investors so I apologize if this sounds stupid or obvious to you.  I have noticed that many wholesalers will provide comps for an area or house and then have a...

Hello all. I have an interesting opportunity with a family member who owns a home in Cudahy, Wis. Tenant pays $800 per month for a one bedroom w/ office SFR. Family member has filed for Ch. 13 on the property and just...

This is the sheet provided by the REA on a property that I'm looking at:Rent 11 Units $106,980.00Laundery "average $240/month" $2,880.00Paid Parking $960.00Total $110,820.00Property Insurance $2,100.00Garbage (Waste M...

Hello fellow BP members.I am working on a checklist for when tenants move in and out of my units. I heard on one of the early BP podcasts from 2013 that the guest has a punch list when they move in (condition of unit ...

Hello, I am a new wholesaler here in ny and have a seller interested in selling, I just wanted to know how to give an offer on a property with an arv of 300k (which I got from seeing all the sold comparable properties...