Hello! We have a great prospective property we're looking at. The broker OM says they're selling it at a 7.5% cap rate and $5.7m purchase price. Based on our experience, We are pretty sure their expenses are understat...
I have a single family house in Detroit (I'm out of state) for past few years. This october the tenant left without warning and house went vacant. Repairs were needed and were finished by early december. Now the house...
I'm an investor based in Los Angeles and I'm planning on building a detached 2 bed 2 bath ADU (garage conversion) on my home to house hack, and eventually will rent out both units. I have done this once before (in Cy...
Property Info: 30+ years multifamily, fully leased, roof recently replaced, great rental area, HVAC looks very old.Price: $258,240Loan Info: 5%, 30 year fixed, 20% downCash Invested: $51,648Monthly Loan Payment: $1,10...
so every apartment deal if have looked at has considerable "deferred maintainance".Is there such a thing as a turn key "c" class property?Or, if it does not need considerable capex, is it then by definition a "B"?I ge...
I'm a new investor and am just now building up my portfolio. I converted my first primary residence into a rental back in October of 2014 so I have only been renting it out for 6 months.I'm purchasing another in a few...
Hey All, I have been looking into conventional homestyle reno loans and while running numbers to determine my potential back-end ratio i had a thought; does a conventional lender take into account imputed income when...
I received an application from a tenant who is otherwise qualified, but the credit report shows over 100K of student loans remaining. I am concerned about the monthly payment required to pay these loans, but the appli...
Running into insurance quote Issues and need help. I JV’d an 8 unit deal with someone who has other apartments, mixed used buildings and a business under another LLC. This is my first deal. We created a separate LLC f...
hi all! i can't find the resources previously mentioned here, but i'm looking to officially put in the good word about my tenants' rent track record. they're college-aged and one expressed desire in building credit vi...