Lou R.
Looking at a 7-Plex. Why has it been on the market so long?
I'm looking at purchasing a 7-plex multi-family building. Asking price is 229k. The trailing 12-month NOI is 27k for a rough cap rate of 11.7%. Avg rent of $500 per door. That seems decent to me. Yet, the building has...
Ki Lee
Cost/ timeline to rehab class B 1BR 1BA 650sqft in Columbus OH?
BP,
What would be a good estimate for a complete rehab a 1BR/1BA 650sqft Class B unit in Columbus, OH? Units are functional but very outdated. Will need new carpets, paint, tiles, faucets, toilet, tub, kitchen coun...
Caridad Reboyro
Seventy percent rule
I know that this rule takes into consideration the asking price times 70 percent less repairs, but were I live population density is high so I came with this adjustment to this rule: asking price less land fair value ...
Drenda Holmes
Marketing REO's
Hello everyone
How soon do you normally start marketing your REO. Is is ok to market it as soon as you send in your bid or should you wait until you have it approved. I have buyers who are looking in certain areas and...
Jeremy Holleb
Financing question post COVID-19
Prior to the pandemic, I was about to approach some banks for financing. I have $230,000 in cash ready to go. Now, As a result of the pandemic, I was laid off from my company. Will this impact my ability to get financ...
Terrance Merck
Currently seeking private or hard money lender.
My team currently has and investment property in Ohio under contract that we are looking to convert into 48 unit apartment units. Acquisition is $500,000 and it will cost roughly $5500000 for construction and upgrades...
Natalia Benshaw
What is a fair split?
I am in talks to partner with a firm that specializes in short sale negotiations but buys alot of the deals that come in and mainly
flips them.
I have been focused on building my multi family portfolio but don’t h...
Bellman Tumasang
Syndication fees explained
Everyone please help me out I’m really confused. Let’s say a syndication deal or equity fund consists of an 80/20 split, 1% acquisition fee on purchase price, 1% disposition fee on sale price and 1% asset management f...
Sandy Hatch
Looking for good financing options on small multi family
I am looking to buy a 2-4 Unit property out of state. The numbers for income where I live just dont pencil out. I have talked to a company called "Flip N Fast Loans". Anybody know about them? They say they offer:Buy a...
Michael McInerney
BRRRR Calculator Question
I have been analyzing many properties with this exit strategy in mind. My only issue is I want to make sure I am doing it properly. Acquisition will be through hard money for a year. Refi will be with another insti...