I'm looking at purchasing a fourplex with the following numbers:Asking: $225,000 (my research indicates he was asking $215,000 for the last two years)Property Tax: $3560 ( non homestead)----Built: 1977Heating: wat...
I'm looking at buying the apartment building I'm currently renting in & potentially the building next door with seller (same seller for both buildings) holding note @ 7.5%. The 2 multi family buildings fit toget...
Does anyone use rules of thumb for estimating expenses per unit for multi-family property? I have recently been told:Owner paid utilities: 4K-4.5K DoorTenant paid utilities: 3K - 3.5K DoorDo any owners have actuals...
Context
The story is that an elderly couple purchased and owned a number of multi-unit properties which they unfortunately purchased 4-5 years ago. They kept the properties going until 2012 when the husband p...
Hi everyone,I am in the middle of running numbers for a few properties and I want to make sure I don’t get blindsided after the fact. So here are the numbers I have looked at so far. Also, any advice from anyone, I wo...
I reside in LA my experience with self-managing 25 units located in 3-4 properties in LA. Pricing in LA compels me expand my horizons to out of state properties. I am very new to both, remote property acquisition ...
If you had two million in cash right now, what would you do with it? Would you buy a distressed commercial building; put tenants there and refinance? Would you buy a fully functioning apartment? Would you rehab hou...
Hello,I'm looking to begin investing in syndications in the near future, but was interested to hear some opinions on picking individual deals versus some of the funds I have seen. The funds seem like a good way to gai...
I closed on my first property Thursday of last week. (I did start a thread in another discussion page about the tax deed process pertaining to this property, but this particular post is more appropriate for this s...
I'm hoping someone who's done a 1031 exchange before, or a CPA, can swoop in and drop some knowledge on me. I was over at my CPA's getting my taxes done and talking strategy for this year when the idea of a 1031 excha...