Hey all! My brother and I got a great deal on a 5 unit in Phoenixville PA. All units will be vacant when we purchase next month except one. The owner recently signed a lease with the tenant for $600 a month. Market ra...
I'm going to view my first multi-family, a 6 unit apartment building on Monday. I'm trying to run numbers this weekend. What things, and/percentages should I consider for cap-ex. (I only have one rental property so...
Hi everyone I'll try to be brief and give the pertinent details. I'm being given the option to take over two apartment buildings from my dad. He is thinking about selling the buildings for around 1.6 mil but will give...
I'm interested to hear about investor's experiences with negotiating deals where sellers have provided secondary financing so that the property was 100% financed. I've done this in the SFR space, but would like to hea...
An 8 unit apartment building recently came on the market in my town for 250k. The monthly rent totals $3600. I figure it would cashflow about $1500 a month. I ran it through the buy and hold calculator and the numb...
Hi allI would love to purchase my first apartment complex greater than 10 units. What do you think is the best market to do this? I live in the Northeast but open to anywhere in the US
Hi,I am starting to source multi-family apartment buildings. I want to start by building a list of all the 5-50 unit building that exist on market or off in certain counties. Does anyone know a way to search all of th...
Investment Info:
Condo buy & hold investment in Malden.
Purchase price: $308,500
Cash invested: $63,000
Buy & Hold (for now)
As Originally Bought:
https://www.zillow.com/homedetails/10-Lin...
Hey guys thanks for coming. I was looking at this apartment complex and ran the numbers on BP's calculator and thought I might as well ask for your opinions on this deal. I think it looks like a solid deal on the outs...
So I went to my bank yesterday and they said that they can qualify me for apartment building loan.My problem is they said that the longest term of such loan would be 10 years/20% down. Now when run my numbers with tha...