Reuben Stone
Fair Purchase Price
Hello BP! I need a little advice. I have a property that I am looking at and I would really like to hear peoples advice on what a fair purchase price would be. I have done my own analysis and would like people to just...
Mario Morales
landlord insurance premium tax deductible?
From what I understand, you can deduct the entire premium as it is an expense to run the rental property. With prices going up so much, if this lowers your cashflow too much, I feel like you may not look profitable in...
Marylin OShea
13 units on the Eastern Shore (Maryland)
Hi everyone,I've stumbled upon this deal that is not yet listed, consists of two converted buildings in a small town, 6 + 7 units on half an acre. I learned about it from the owner who is a fellow real estate agent an...
Jesse Richardson
4 plex in C/C- market
BP, What do you think?Total Number of Units 4Purchase Price $80,000Initial Cash Invested $36,600Income Analysis Monthly AnnualNet Operating Income $1,250 $15,006Cash Flow $928 $11,141Financial MetricsCap Rate (Purchas...
Jeremy Bernard
Deal analysis in Kelso, Wa
So I was cruising around craigslist the other day, I saw this posting it appears to be 6 units on I think 2 lots. The poster included the current rent totaling 4275 of income. Asking price of 550k, I think he included...
Brad Carrier
10 Unit Apartment
I'm looking at a 10 unit apartment in a small town. This is the first deal I've looked at so I'm not sure if this looks way off or not. It's two 2500 sq foot buildings. I have yet to see the inside but the average siz...
Dan Cumberland
What do you think of this management fee structure?
Hi everyone!I'm shopping around for a property manager for my first managed property. I really like everything about this company except the fee structure. I'd like your input:They charge 9.9%. Thier leasing fee is...
Ryan Melander
Duplex - low income rental property
BP community!I would like to get your thoughts on a duplex in a low income area.This is a property in Louisiana in an oil and gas town, so it has room to grow. The property currently has a contract with the state hou...
Ariella Sherman
Is this an OK first deal?
What do you think of this deal? $1,100,000 for a 6 unit multifamily, newly gut rehabbed, in Chicago 60645. Rental income is 9000 + 400 for laundry and parking. Expenses are 2834/month. This would be my first deal. It ...
Don Bradley
Deal Analysis
HI All,I just had an offer accepted on my first property. I plan on living there and renting out the other extra 2 bedrooms. However, my analysis is based on if I didn't live there. Main objective is to cash flow as i...