Juliette Lerner
How do you know if you are paying too much for a CPA?
Is there an average price to pay for multi-state tax returns (3 commercial and 3 residential rental properties) in California? I believe I am being overcharged but it seems like a huge risk to search for and switch CP...
Steve Lundy
First deal - 3 units in PA - feedback welcome (show your stuff!)
New guy here. Thanks in advance for any help or guidance you can provide. I am looking to purchase a 2-4 unit MFR as my first foray into real estate investing. My goal is to have a property management company manage t...
Aleksandr Shmidt
Pro's help wanted. Urgent! I think I'm onto something BIG!
Hi, All! I think I'm onto something. A long-term vacation rental property with, big growth potential! In an area that is busy year-round. Do not want to disclose too many details, as I think someone with cash will jum...
Laurence K.
BPO not even close to true value
I'm an international investor from Australia, I purchased my first ever note in November 2015. It was a non performing first mortgage with an UPB of 116k, secured by a triplex in Luzerne County, PA. It was in the fina...
Walt Strader
Fraud in MLS disclosure
I recently signed a contract to purchase a home in VA in which the MLS listed the house as having 2460 sq. ft. When the appraisal was done, the appraiser verified the house only had 1948 SF. I shared this disparity ...
Roc P.
Low income housing appreciation values
I have a question for the guys who deal in low income areas for rentals. I've been looking at some houses in a low income area, I know that the properties will cash flow but my only concern is that the homes are not a...
Cody Dover
Underwriting 16 units (four 4plex's)
I'm underwriting a deal right now, trying to determine a generic rule of thumb people use for expenses. The deal includes: - Four 4-plex's totaling 16 units- 100% occupied (although I like running my numbers at 89%)- ...
Lisa Jones
Need help! Please analyze this deal...
My stomach is in knots on whether to put an offer in for the following property. I’ve been burned before so I’m extra cautious this time around. It’s also in a city I know very little about (Norfolk, VA) here are the ...
Derek Magdziak
Valuation of Multifamily Apartments - No Tenants
When evaluating a multifamily property (5+ units), one would determine the actual property income (the total income the property generated in the prior 12 months) and use this calculation as part of the calculation fo...
Derek W.
4-plex analysis
I have a 4-plex in Hemet, CA. under contract for 100k. It needs around 10k of rehab to really make sparkle. It will rent conservatively for $550 per unit for each of the 1 bed 1 bath units. I am not a great numbers ...