Russell Gronsky
Basing CAP rate off projected income
Hey all,
So I was looking at a 10-unit multi-family property the other day online and it was advertising an 8 CAP. But when I ran the numbers, the CAP rate I got was closer to 6. When I asked the broker where the 8 CA...
Dante Pirouz
Reached 15 Units Owned...Now What?
Over the last 4 years with the help of the amazing BP community, I've been able to build my portfolio to 15 residential units. But I realize that this is still at a "mom and pop" level not big enough to hire a staff, ...
Matthew Chalfant
Rent price increase question.
Rent price increase question. I currently own a duplex with both sides rented. The A-side is renting for 1050 a month and the B side for 1350. The first tenant was there when I lived in the property in 2019. I kept th...
Murray Nicol
Talking point: young military investor looking to house hack
I'm getting stationed in norfolk Virginia soon and desperately want to get involved in real estate there. I want to invest in a duplex and sublet (hopefully using that term right) to people I am around, other military...
Westen Newman
Management Company Issues
I have a townhome in Nashville, TN that is managed by a company. Tenant moved out Oct. 1st. It took two weeks to get a quote on carpet and painting and my management company refuses to market the property until everyt...
Leila Moussavi
Property Evaluation Criteria
Hi BiggerPockets!
My name is Leila, and I'm a 19 year old college student looking to
investing in a buy and hold property out of state. I would eventually
like to become financially free by 30 years old, living o...
Richard Merkuris
Is it wrong to raise rents on existing tenants every 6 months
Is it wrong to raise rents on existing tenants after property has been purchased every 6 months tell rent is to rent level in area? (increments of $25 which would be a total of 2years in all to reach)
Sachin Amin
Huge losses with Freedom real estate group (Dayton)
Wanted to check other investors on how their journey went with freedom real-estate group. we had purchased a unit for 99k with $1000 rent - which looked very promising at that time. But since procuring this unit, it n...
Megan Phillips
Must Have Tools for Landlord
Hi All,This may be a newbie question, but what tools would you consider "must haves" when planning to do at least some rehab work yourself on properties. Think painting, some flooring, replacing vanities/toilets, putt...
Kevin Wood
Houston 14 Unit Multi-Family Close 2 Weeks Ago
Hi all,Wanted to recap my first multi-family purchase experience. For my previous success story check out my other post on 5 SFR we currently own. My business partner and I have been looking at multifamily units since...