Jesse Daconta
Refinancing Apartment Complex
We currently have a 20 unit apartment building under contract in Norfolk, VA. We're going to refinance out in ~3 years. Does anyone know how a bank comes up with the value of the building? Is it the same as when you'r...
Sabi Const
New construction multifamily 12-15 units considerations
Hi everyone, I would like to ask your opinion about constructing multifamily buildings. I have been presented with an opportunity in a town where builders are buying lots or properties and demolishing them and putting...
Vida Lolitaa
Shipping container investment
Good Morning,I live in New York, I am looking to move out of state. I have maybe 3 or 4 states in mind, I am trying to see where I could move that would be the most cost efficient for me. I would like to maybe buy lan...
Tony Nuttall
What is a decent margin of profit
LOT= $45k HOME BUILD= $150kIf I decided to sell once the home was completed what would be an average profit to make on something like this. This is just a generic situation I put together but I’m unsure of ...
Andrew Creel
Duplex build vs buy
Interested in different opinions on building vs buying in the current RE market?
I am looking at either purchasing an existing “value add” duplex vs finding a correctly zoned vacant lot to build on. In both circumst...
Jesse Fernandez
How to evaluate the cost of building in a market for underwriting
Hi all, I will like to underwrite a potential multifamily deal in a secondary market and would like to factor in the cost of building for a similar unit to understand if I am overpaying or underpaying. I know there ar...
David D. Morris
Small house, Big land.
I'm looking at purchasing an 1100 sq ft house on 1 acre of land in a city currently being revitalized. The current zoning would allow me to build an additional home on this property.
I plan to rent both homes, the c...
Account Closed
Analyzing a condo with no comps
Hi everyone,I came across a potential good deal but it is a condo. My main concern is that there is only one reliable comp within the building. I don't feel very great about making my estimates based on a single comp...
Account Closed
What are your thoughts on buying a property built in the 1940s as a newbie investor?
Hello BP Community! I am considering acquiring a 3/2 SFH in the Midwest to BRRRR and hold long term. The only issue is that it was built in the 1940s. I am interested in hearing your experience/opinion with homes this...
Mike Ball
Multifamily Repair Budget per unit
I am under contract for my first multifamily deal, a 20-unit property in Charleston MSA. I am doing some forecasting and wanted to get some thoughts on what people budget annually per unit for repairs (including unit ...