We are looking to buy pur first rental in the few months. We plan to do short term rentals. When looking for the property how much of a margin to you need to be profitable (mortgage vs cash flow). What is your typical...
Hi BP Family,I need your help. I am ready to invest in real estate in Phoenix area specifically in multi-Family. What neighborhood is good for cash flow?My investment criteria Cap rate min 6%Cash on cash return: min8%...
Hello all, I’ve got this idea stuck in my head that might sound crazy, but just might work.So currently I have zero debt, rent an apartment for $435/mo, car insurance/gas and groceries, and other little miscellaneous ...
Hello Bigger Pocket Community, I live in Detroit, and wondering what investors or rehabbers are paying, on average, to rehab homes these days?
Hi everyone,
I'm pretty new here. Recently bought two properties (single and a duplex) in Detroit MI. Looking to insure them (under my llc). I got a quote for $550/m for both. Seems high. It is up to $1m for each pr...
Hi nationwide,
I read about this cash flow deal on your web site.
The new construction property is I believe 340K
Here is your run down:
Brand New 4-plex units under construction! Cash flow of approx. $649 per mon...
Hey all,
What numbers do you use when projecting repairs and maintenance costs for apartment buildings?
My rules of thumb have been:
- $650/unit for 2000s or newer and $250 for cap ex
- $750/unit for 1980s-2000s a...
After 6 months of educating myself and searching for a deal, I have my first rental under contract. It’s a duplex, 2bd 1 bath in each unit. Price: $62,500, I’ll be putting 20% down on a 20 year mortgage. It should cas...
Hi BP fam--I'm trying to analyze my first potential STR deal. When rents and occupancy vary as seasons change, how do you average that out to enter it in the calculator?
Hello Bigger Pocket members!
It has been a while since my last post on Chicago Cap Rates.
I figured it was about time for some updated numbers.
This post will look at Cap Rates for small multifamily properties.
...