Austin S.
Triplex analysis help
There is a triplex listed in my market area for $79,000. It is currently empty and previous owner occupied one of the units while renting the other 2 units for $900 combined. Listing agent is estimating the owner-occu...
Kaniel Widder
$1.6 MILLION OPPORTUNITY
Alright guys I have an incredible opportunity on my first deal of wholesaling but I NEED YOUR HELP. This is a deal for a commercial lot that I can discount 20% off prices in the same area. 2.59 acres right off an inte...
Anthony Maffesoli
Help! Understanding of Co-ownership payment allocation
Hey BP community!
First post here. I currently co-own 2 different properties. One is my primary which I live in with my girlfriend - I'll call this property A. The other I co-own with a good friend - I'll call this p...
Amanda Ross
5 unit property with utilities included
We are looking at a property that was once a single family home that now has been broken up into five units. All units are currently occupied and all leases renewed at $700/unit. The landlord is responsible for all ...
Mark S.
Max Offer on Triplex
Debating whether I should make an offer on this triplex:Unit A: 2BR/1BA - rents for $700/moUnit B: 1BR/1BA - rents for $600/moUnit C: 1BR/1BA - rents for $500/moTotal Monthly Rental Income: $1,800/moCurrent Owner Pays...
Eric Fernando
Bank owned REO property
I am going to put an offer on a bank owned REO, but the issue is that all the utilities, i.e. heat, water and electricity have been shut off. There was a pipe leak in the house and plumbing issues. How am I to do a ho...
Jennifer T.
HELP! Utilities not separated in this apartment building
Hi all,I'm working on a deal to buy a 17-unit apartment building.However, nothing is separated by the unit and currently the landlord pays everything. As a result, utilities eat up about 30% of gross rental income eac...
Rick Jones
Potential Deal
Hello Everyone,
I have been reading this forum for a while and have found it immensely helpful. I am considering putting a multifamily property under contract and would like some third party fly by opinions.
Units:...
Tyler Turpin
Section 8
How do you determine how much Section 8 will pay towards your rent in your unit? Is it based on a percentage?
Anyone have any luck with it in San Pedro/ LA area? Any horror stories?
Account Closed
Rising Expenses for Landlords! How To Keep Ahead
It is no secret that expenses have increased substantially in the recent past. In the last five years, the Seattle region has seen general apartment expenses rise nearly 25%. With expenses steadily increasing, it is ...