So, I've been a landlord for a few years now. I think I want to venture into commercial real estate for retail or office locations. What are the big differences between residential and commercial?For example:I self...
Hey all,Wanted to share my story of my 3rd deal. At the close of the refi it was at 23.5% cash on cash and a 9.4% cap rate in a market where comparable multifam is trading closer to ~5.3%.I'd done two others (maybe fo...
I'm still hot on the trail for our first SFH rental prop but I've had people ask if I'm also interested in condo's too. My first instinct is no, not yet - with no properties and land-lording experience under my belt y...
How can a newbie do this without hiring estimators each time, and making the process cost prohibitive?
I own an attached townhome in a coastal area and the exterior insurance is covered by the Hoa master policy. Premiums have increased substantially for the coming year for the HOA master policy that covers the common a...
Hi All,When i run the numbers on properties in Philly, if its a SFH, i usually don't include Water, garbage, electric etc. becuase that can be billed back to client: at least i think.Can somebody please confirm what c...
Hi Everyone,I'm new to this forum. I have few questions regarding the potential development of a multi-unit apartment building in Los Angeles.1. What's the approximate cost per sq ft to build 3-4 story building with...
Hi,When syndicating an apartment building, who typically covers the attorney fees and closing costs? Does the syndicator or is that a fee paid out by the investors?Thanks.Eli
Hello all!I am still working on my first dealt here, and I wanted to ask you all for a 3 or 4 unit building:How much is average for electric and heat? (common areas/the costs I pay)How much is average for insurance?Ho...
Hello BP,I recently closed on my first buy and hold rental! It's an over/under duplex with a shared basement and is fully occupied.I have very quickly come across my first "issue" with the property. The shared basemen...