Tracey St.Julian
Appraised values of new construction
I’m interested in using the preferred lender of the builder for a new construction duplex. My concern is if the property does not appraise for sales price what options do have besides paying the difference. Is the bes...
Cory Mickler
What are the ideal demographics of an apartment complex if I want low costs yet high rent?
I have seen a few properties in my area that are attractive. I came across a 6-unit condo style building that currently has 5 of its 6 units occupied and charges $720 a month plus utilities for $380,000 which I though...
Masroor Ahmed
9 months later -> deal #2
About 9 months ago, I bought my first REI, a 7-unit for $250K. It’s maybe a B- neighborhood and the major lesson has been that vacancies are tough to keep down. I priced the deal assuming 15% vacancy and so far it’s...
David Jenkins
What are the differences between Multi-Family building classes?
I hear a lot about "A" - "B" - "C+" - "C" ect class multifamily buildings. In layman's terms, what are the differences between these classes? Thanks! :)
Kathleen M.
Hello from Texas!
Hello All and glad to be a member!Moved from Maryland to Texas and loving it.Looking forward to gaining investors as well as gaining investment properties and, lastly, improving Texas neighborhoods when needed.Thanks ...
Matthew Petroff
First Rental Property Deal
Hello everyone,
In November 2018 I bought my first rental property.
Characteristics:
Purchase Price: $160,000.00Down Payment: $40,000.00Gross Monthly Rent (at time of purchase): $2780.00/moCurrent Cashflow: $800.0...
Trey Steiger
I Already own land and want to build apartments on it
I currently own about 1 acre of land in a pretty good neighborhood. There are 10 schools within a 10 mile radius and it is your typical "neighborhood". I was wondering how many units would someone typically be able to...
Alex Silang
A development company as a catalyst to drive owner occupancy in a "slum"
I've been thinking about this for awhile but unsure how the exact mechanics work. Stability: Homeowners tend to stay in their homes longer than renters, which can create a more stable environment for families and chil...
Cynthia Garcia
Advice for new investor looking in the Ohio market
Hello, my name is Cynthia and I'm a rookie real estate investor. I'm based in California but looking to buy in Ohio, primarily looking at Cincinnati, Cleveland and Columbus. I am interested in properties in the 80k-11...
Christopher Aguilera
Duplex with land approved to build upto 12 units
Good morning BP,I came across a duplex that is in a zone approve to build upto 12 units. The duplex is pretty beat up and fair price for the market. What advice would you give to do my due diligence and make sure this...