Paul S.
1st Deal - How Low To Negotiate Price?
First deal to get my feet wet in REI but have quick question.In contract with a property that I expect will cash flow $70-150/month (10% vacancy, 10% PM, $100/mo comb. capex/RM); cash return of 7-13%, excluding what I...
David Smith
Why Bridgeport multifamily is so low priced?
Any reasons? crimes, no jobs, no colleges? Any rent control from government or all free market?I am comparing this to NJ prices. I see many 4 family sell for about $300K. Any experienced agents who can show prop...
Gary Sweeney
low bid on bank owned asking price
I am looking to purchase a bank owned property here in NJ. It's ARV is $325-340k, the bank was asking $234,000 originally and is now $199,990 (reduced 35k after septic failed). it needs 120-140k in necessary renovatio...
Peter Sik
Texas katy - Why property price is low?
Wondering why Texas katy has number one school district but the property price is low?
Trent Burns
Selling low priced properties on the MLS
Hi, I am about to get my real estate license in Pennsylvania and have a family friend that wants to sell his distressed property for $5000 dollars. This is not a lot of money for a property so he told me that he would...
Matthew Lindsey
May have price my unit to low
Hi,
I’m looking for opinions on my situation. I just recently bought two duplexes. One unit was vacant and we renovated the unit. We just listed the unit yesterday and have had a crazy amount of interest. I have been...
Jagdish Bajaj
Help understanding low priced Cleveland Multi-family
Hello everyone,I've been reading some of the posts and knowledge being shared on BP for the past couple of weeks. I am thinking of investing in Cleveland and have a decade of renovation management expertise. Looking f...
Charles Oglesby
Low priced out of state multi family
Hello, I am working with a team of newby investors. We met on social networks and we all live in different areas across the country but are interested in getting our feet wet. We have run into some properties that ...
Norman Berman
Should price-to-rent ratio be low?
Hi folks,I'm evaluating regions for OOS multi-family buy and hold.I understand price to rent (P2R) ratio is a useful metric. However, the sources I've found say that a middle-of-the-road P2R -- around 15-20 -- is idea...
Sammy Lyon
Calculating Depreciation on a Low-Priced Property
Hi BP sleuths!I wanted to share this tax question here, I was hoping my accountant could help but he didn’t seem to have much advice about this. I’ve got some choices to make about depreciation on a rental property, a...