I've been putting together a deal for a while. Found this nice ~40k sqft sqft stripmall. Plan on 1031ing into it purchase price of 11m with about 3.5. down. 8% cap rate @ a 6% rate. Newer building built less than 20 y...
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Hey everyone, I'm looking to put an offer in for my first deal on a triplex I recently saw in South Philadelphia. They advertised it as a triplex, but after seeing the property in person I discovered it was a three st...
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Hello, so I own a 2 unit property, I live in one unit and rent out the other. I bought the property in 2022. We renovated the unit the tenant is living in and spent 35k. I pay the the water bill and pay for the intern...
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Hey Guys!I’m currently working towards that first Rental property in NJ, ideally I would love to have a multi family but given the fact that I’m the only person that would be putting up the DP and I make around $50,00...
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I recently read Brandon Turners book on Rental Property Investing. I talked about the 2% (rents should be 2% of sale price) rule and 50% (rents should be multiplied by 0.5 - principal and interest if mortgage) rule. W...
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Hello Everyone. I am a rookie property manager who is in the process of evaluating the current 'financial health' of all the properties I manage. We outsource our laundry services and receive a check for our share o...
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Check out this deal. It is in Ossining, NY. Despite the high property taxes (almost 40k annually on a 400k deal), it still cash flows. Lots of assumptions in this -what do you all think though? https://www.biggerpocke...
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I live in Phoenix AZ. I bought 5 rental properties few years before when the market at bottom. I paid $40k for each. they are all free and clear now. the comp show $100k average for each house. I rent it at $850 each...
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Currently I utilize texting and when necessary personally call individual tenants who don't have cell phones when I need to notify an entire building of common information. Specifically things like, need to move cars...
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We hired a local electrical contractor to do electrical work at one of our properties (2 units). He charged us for a permit as well as the work performed.He finished all the work and received the complete payment but...