Bartek Marciniak
Chicago .... windy investing!
My first 3 unit apartment building .... purchased at $235k with 3.5% down, seller paid all closing cost, my initial investment at closing was $9186. Exactly the same building right next to mine closed a day later a...
Ha Dang
Raid 401K to Buy Investment Property?
Hi All,Just out of curiosity. Would it be advised to borrow from 401K to buy a second investment property? I'm in the process of buying my first rental, but would love a little more cushion to purchase a second. I'm 3...
Jeff Kehl
Capex vs Opex when looking at a T12
I've been thinking about making the jump to larger apartment complexes and reviewing a lot of T12s to understand them. One thing I find very misleading is that they seem to throw a lot of things into Capex, the 9400 s...
Alex Sarnoff
Why would a multi-tenant industrial or retail property NOT achieve the listed NOI?
Soon purchasing my first commercial property, I am looking at multi-tenant NNN industrial or retail. It seems like other than capex that the landlord is responsible for (typically roof and HVAC) there aren't many reas...
Vasudev Kirs
How to compete with out-of-state bidders?
Hello,I am based in St. Louis and have been searching for multifamily turn keys for the past one year. I am getting outbid by out-of-state folks.Are there any tips to winning an offer other than outbidding them? I rea...
Dorian Phillips
[Calc Review] Help me analyze this deal
View report*This link comes directly from our calculators, based on information input by the member who posted.Hi, this is one of few deals I'm trying to analyze. Did I set the metrics right? Vacancy: 5%Repairs & ...
Kenneth Sok
Rehabs and 70% rule in a hot market (Houston, TX)
I've been in discussions lately with various investors and found that some seem to be going in on numbers that are much thinner than what I would imagine.Being in Houston, deals around 70% are harder to come by. I've ...
Mike D.
Techniques to report Capital Improvements as Repairs
I will be closing on a 4 plex apartment building this month. Each unit in the building needs new windows and could use some updates to the kitchen and needs new carpet. IRS rules require that repairs, when done as par...
Samantha Klein
Depreciate or expense... property in service day of closing
My question is for the CPA's here...I bought a duplex on July 11th this year, both sides were rented when I took over. I gave notice to both sides because they were under market by several hundred dollars and both uni...
Jason Polen
Buying an Assisted Living Facility- WA State (Seeking Assistance)
Hello BP Community,
First-time post.
I'm under contract for a vacant assisted living facility (ALF)/ skilled nursing facility (SNF) in SW WA state. It was state-certified for skilled nursing and memory care for 36 c...