I just purchased my first investment property, a 12 unit (1 bed efficiency), for $412,000 with monthly gross rents of $5785. There was fierce competition on the property, which is justified because the most conservat...
Has any investor done a 1031 exchange on a 2 family and whom did you use as a qualified intermediary?I need a qualified intermediary who knows what they are doing
I just put together this spreadsheet for using comps to estimate the value of a potential property.
Have you ever wasted time trying to play around with adjustment amounts to get your comps to all end up around the s...
Definitely NOT trying to spark any political talk. Just wondering folks’ opinions on what could happen to the market if the president did get impeached. I live in SoCal and am actively looking for a multi-family inve...
Newly acquired property.I knew this renovation was going to be a doozy. Although, I didn't know it was this bad. When I went to clean the place after the previous tenant moved out, I learned real quick how bad it was....
I am looking at a 4 unit building that is severely hampered by low rents for the area, which is an indication the seller has not raised rents in many years. Each 2 bed / 1 bath unit has air conditioning and is a bloc...
Let’s play a game. I’ll tell you why I’m betting heavily into the Phoenix real estate market. I’ll detail the stakes. I’ll outline my reasoning and then you get to poke a thousand holes in my theory. Ready? Go!!The St...
Ok, here’s what I’m askingIf you are an active real estate investor, how many properties do you do at least a cursory look at for each property you make an offer on? How many offers for each completed deal?If you are...
Seriously, everyone around here invests like rents are guaranteed to go up forever, do they?Has anyone ever experienced a declining rent environment? what caused it?
Im a young investor - relatively new to the game. I have built up to acquire a 16 unit apt complex worth roughly a million. Here are the numbers
Gross rents - 13200/month 158,400 /yr
Operating costs avg range-82-88...