Drew Petro
Car Wash Asset - What Am I Missing
Gross revenue of ~$75k, NOI of ~$35k, valuation based off 4.3x gross-revenue, not 5-7% cap rate. Better Cash flow monthly?My realtor called me recently with an interesting investment opportunity - a local car wash. It...
Frank Inman
What am I missing in Detroit turnkey?
I've reached out to a few realtors and was given a list of turnkey properties. A few caught my eye with the description of for sale $30,000, rents for $800 long term tenants, good payment history, fully rehabbed in 20...
Corey Reyment
Our First Deal! Are we missing anything?
So this our first deal and we just found out today our offer was accepted! We are in Green Bay, Wisconsin and put an offer in on a duplex on Friday. We found out today it was accepted! Here are the numbers:Orig Listed...
Justin Thind
Inner-City Investing: What am I missing?
Hey everyone! I am about to close on my first single-family rental property soon, just two months after first dipping my toe into real estate research. It's in a regular B-grade type of area, and projects to have dece...
Jennifer Streamer
When do I worry about missing tenant?
Hi all, I hope someone has some good suggestions for a possibly missing tenant situation. We have a tenant who moved in just before May 1st. We did lots of due diligence - past landlords, personal references, confi...
Account Closed
The Real Risk you Might be Missing
A common question I see on the forums relates to where we are in the real estate cycle and whether or not now is a good time to invest. You should absolutely keep looking to buy, but do it eyes wide open with a full u...
Jeff Twigg
Tenant Credit Check site missed 2 evictions
I listed a single-family income property for rent and quickly found an interested party. It was two retired women that decided to split their housing costs as their expenses are rising faster than their income. I use ...
Spencer Cornelia
Seller Financed Deal - What am I missing?
Hey community,I have a verbal agreement with a seller to buy his property with seller financing. This is my first deal with seller financing so I would like to know if there's anything I'm missing. Details:- Multifa...
Pete M.
Vacancy dragging out - what are we missing?
We have a duplex in the Cayce area that's been completely vacant for a couple months now. We handed the property over to a PM, and while she's had showings, virtually none of those are being converted to applications...
Cody Begg
My First Apartment Complex Analysis - What's Missing?
We have been presented with a multi unit deal in a neighboring town from collge station: here is my analysis and why I would consider the deal, but this is my first multi-unit deal and any advice would be extremely h...