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If I have been taking a loss as the house is empty while it's on the market. Will it hurt my chances to get another loan this year as my schedule E will show a slight loss on paper once the units are all averaged. The...
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I am looking to buy an old commercial building in a very small town (750 people) and convert into 7 units here are the numbers:
$55,000 purchase
$100,000 renovation
$15,000 hard money interest
Property managemen...
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How many properties do I need to own on average for a 200k cash flow annually?
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Of course everyone considers turnover as part of their estimate when analyzing a property but how do you do it?For me, I started with 3 months of mortgage and reduced the forecasted net revenue by that much. I later f...
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Hello BP family,On average how long does it take for you to make a unit rent ready? Say an average tenant moving out and not trashing the place. I have a rental that recently went vacant. First time dealing with someo...
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Interesting article that tries to explain why bookings are down.Part of it is weather and the other part illness.Anyway, link below for your reading pleasure.https://www.airdna.co/blog/airdna-market-review-us-january-...
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I am in the inspection period for a 2-family where the owner lived on the lower level and rented the upper. The electrical is split per unit but there is a single furnace and hot water heater for the entire house. T...
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In a softer rental market like we seem to be in now, it becomes much more important to focus on the boring fundamentals like controlling expenses. One of the ways we have been doing that in our multifamily properties ...
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I currently have 483 clicks on my rental listing, which has led to 3 chats over FB messenger, but so far 0 applications. I'm going to reduce my rent by $100 as this ratio seems abysmal (quite literally a 0% ratio in v...
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Tuesday, June 7th, 2011, 8:00 pm
John Burns says top rental markets about to "explode"