Paul Doherty
Multifamily, NOI, cap rates - how does anyone make cash flow?
I'm looking at a deal right now - 16 unit apartment complex. Asking price is 1,435,000 and the units have been recently refurbished. NOI is claimed at 100k making the cap rate 7%. Assuming someone put down 20% on s...
Brian Fiorillo
Minimum number of units to determine value using cap rate
Good Morning BP,
My agent and general contractor are walking an eight unit apartment building for me today. Initial review of the numbers looks great. My question is, at what point are you using cap rate to determine...
Roberto Rohann
Building a 2 family in westchester NY vs buying an existing one. Cost effective?
My goal is to owner occupy a 2 family house in Yonkers, NY. I would live in the property myself for ~3 years give or take and the goal would be once I move out to have the property fully rented and cash flowing. Ideal...
Jennifer Cogley
Do Minneapolis rental licenses count bed rooms in the unit?
It seems the definition of a bed room in Minneapolis is 7 feet in any direction. MANY listings count rooms as bed rooms that clearly do not align with this definition. Do rental licenses note how many legal bedrooms a...
Tip Lee
Looking at a apartment complex in a rural area
Hi Guys, Just wanted to get some feedback on a deal my cousin and I are looking at. We're completely new to the multi family arena, so any feedback is appreciated. Here are the facts: 18 unit apartment building, 2 sto...
Joseph Wiejaczka
Opinions on Cash Flow for First Multi-Family?
Hello,I've been a long time listener but first time poster here on BiggerPockets. I am looking at a duplex to live in one side/househack for a couple years and then buy and hold. I'd be grateful for some opinions on t...
Min Zhang
Essential 10 Pointers for Your Real Estate Adventure: For First Timers
Hello Everyone! I have been getting newer and younger investors rising today. I can say most of them were really prepared and some are still lost and unsure on what they need to be equipped to start their investor jou...
Cory St. Esprit
Evaluating Area Vacancy Rates (Grove City, PA)
I am a restaurant franchisee w/ 28 units and I've started buying up the real estate. I'm currently looking at adding a restaurant to the portfolio, which includes the real estate. It's a main street property with the ...
Brooke Richards
Landlord Questions for Apartments
What are some guidelines for low income tenants with less that desirable work or incarceration history?We just finished a 12 unit apartment building in a small town in Ohio. This is our first time working with low inc...
Pete Perez
Multi Family Rent Rates
Hello BPers!I have a question about rents for multi families. A lot of the guides I've read on BP mentioned speaking to other investors in your area about what they charge for rents, using online resources like Zillow...