Erica Baruti
Valuing a 2 unit vacant property
I'm a first timer buyer in commercial real estate. I'm interested in the retail sector w/single pad units & nnn leases. I came across a vacant property that's 2 units, it can be changed to a 1 unit by removing a w...
Steven Crawford
My first potential deal
I recently came across a deal that have a crack foundation. Rehab cost of 50k. The asking price is around $230,000 o.b.o in an area where most home go for $400,000 - $500,000. The seller seem to be motivate to sale. ...
Buddy Holmes
1031 Exchange to a DST Basis Calculation
1031 Exchange into a Delaware Statutory Trust (DST) and reporting such on Tax ReturnI am trying to visualize just how DST Tax Reporting is done on a 1031 exchange into a DST., and how the Property Basis and depreciati...
Jonathan Johnson
When is an on-site manger is needed for Apartments?
Hello BP,I'm looking at a 100 unit purchase of 2 buildings. One of the opportunities I see in the apartment is they have a lot of staff.The management on payroll is as follows: Maintenance at $19.50/hr; Part-time main...
Tyler Davis
Setting up Insurance with new Property under contract
Hello!I have a done a few deals and have always had issues with the insurance part of the process. My issue is my Lender need's proof of insurance on the property before he signs off on it and gives the final okay to ...
Richard Mur
Choosing My Brokerage; Caveats VS Positive Nuances
Hey all. So I'm going through the process in picking the right brokerage for me. Before you jump on me to check the megathread, I think my question is a little more detailed than I've researched.
Yesterday, I was abl...
Yonah Weiss
What are you Grateful for this Thanksgiving?
Even with everything that has happened this year, with Covid, and so many people out of work, rioting, political unrest, there is so much to be grateful for I don't know where to begin. We take so much for granted in ...
Marc Massery
Introduction - advice?
I’m 28 years old, live with my parents in western Massachusetts (Berkshire County). I have next to no expenses- no car payment, no student loans, my parents buy groceries etc. I have a 9-5 job that I LOVE as a staff w...
Ben Morand
5-20 Unit "Sweet Spot" Properties
Hello BP community!So I currently have yet to purchase my first property, and I wanted to hear some opinions on my preferential strategy. After researching quite a bit, I have come across the niche in which investors ...
Tom Lafferty
First deal ever - 32 unit apartment syndication
There have been some other posts regarding this deal in the multifamily forum, but I thought I'd post a summary here as well.
I started looking into REI one year ago, and was overwhelmed by all the strategies. I read...