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Hello BP community, I'm a newbie to REI and I've been looking into multifamily homes. I found a 4 unit property that is going for 205k and it's gross annual income is 40200 with operating costs at 1200. Right now, the...
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Hello all, question for those of you who are buying multifamily properties!
What are some of the biggest fees you incur during the due diligence period?
Besides attorney fees, appraisal. I am just trying to unders...
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This will be my first commercial property deal. I currently have the property under contract and feel good about the returns, but I'd love to hear what you guys think and how you would break down the deal. Two identic...
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I have a transaction that is on the borderline - has a gross margin of 12K less a 2k marketing fee for finding the buyer, less 1.1k as tenants security deposit is not credited to me, and my side of closing costs. Thus...
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I'm looking for advice on land valuation in the Seattle metro area (Bothell, Lynnwood, Kenmore, Lake Forest Park, Woodinville, Kirkland). I have a desire to build a passive house and I've been looking for land. It se...
Hey Everyone!I know In California for residential properties you need a transfer disclosure statement, lead based paint, natural hazards, etc...but what about for vacant land?
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Family member sold/closed on a house with an oil tank clean up in process. An escrow agreement limiting seller's liability to 5K was part of the closing documents. Seller received proceeds of sale. Seller's attorney n...
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Anyone in the BP community who invests in Car Washes? I am purchasing a storage unit facility with land across the street. This land is open and I am considering a number of things and a coin operated car wash is an ...
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Are there any landowners on the east coast that have completed any deals as a wetland mitigation bank? I just discovered this opportunity a few weeks ago. It seems this is very complex and not for novice and someone w...
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Investment Info:
Small multi-family (2-4 units) commercial investment investment.
Purchase price: $280,000
Cash invested: $56,000
Converting former auto shop into a 3 unit AirBnB- completion date Spr...