Andrew Davis
This is a great deal!.... Right??
Hey BP Community,I'm dipping my toes in the apartment water so to speak, and someone brought this deal my way.Here are the numbers:$1.2 million purchaseCurrent occupancy: 58%Units: 64Average Rent Per Unit: $550 (conse...
Jason Maestas
Value Add 24 Unit Apartment complex, Help!
Hey everybody, I've been following a multifamily property in a city on the outskirts of Tampa, FL. I First saw it when it was priced at $950k. It has recently dropped to $660k. It is 24 Units (2 buildings) which are ...
Jason Luo
Should I just give up?
Hello everyone,
This is my first post, but my brother frequents this site so i'm around here from time to time. Anyways, I have been trying hard to secure my first loan, but I have been rejected by many of th...
Tim Emery
1st Wholesale Deal! $25k with 15 hours of work!
I Did it! Thanks to Bigger Pockets and some other folks in the Real Estate world I did my first Wholesale Deal! I have to admit is was an accident! Those of you who know me, know I don't like Wholesales, because I alw...
James John Losinski
Fundamentals on investing
Hey all, I’m new to real estate. Not to active on here and that’s my own fault. I am wondering if someone could teach me or tell me some fundamentals on evaluating properties, what cost to expect when buying a rental ...
Jeff Kehl
Capex vs Opex when looking at a T12
I've been thinking about making the jump to larger apartment complexes and reviewing a lot of T12s to understand them. One thing I find very misleading is that they seem to throw a lot of things into Capex, the 9400 s...
Ian Ray
First large acquisition Business Plan
Hello all,So, as a Business Consultant by trade, I never really thought I would find myself asking this question, but here I am. I am looking for advice on how to structure a Business Plan for a multifamily acquisiti...
Gino Barbaro
Who to have on your real estate team
Who to have on your Real Estate TeamJim Rohn famously said that we are the average of the five people we spend the most time with. Guess what? Your business is no different. If you want to be successful in real esta...
Dawn Anastasi
Most dangerous neighborhoods in America
Just read an article on this and thought it would be interesting to share. 1. North and Northeast Auburn Gresham (Chicago IL)Zip code 606202. Washington Park (Chicago IL)Zip code 606373. Northeast of East Atherton an...
Chloe Hohman
Off-market financing advice
My husband and I were recently connected with someone who would like to sell their townhome off-market (to avoid realtor fees, specifically). They owe about 80k on the property. Asking 240k for the property, but plan ...