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...
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...
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 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 ...
Dave Bopp
$900/month mortgage payment increase?
I just received a notice from my mortgage company stating that they would be raising my mortgage payment $900 per month beginning in March because of an escrow shortage. The taxes and insurance both went up this year ...
Jason Malabute
Using IRR to underwrite deals
Do you guys use IRR to analyze apartment deals?I’ve been reading previous posts and I’ve noticed very few consider IRR before investing in an apartment deal. Why is that?
Sarah Msuya
Duplex House Hack 10/2021
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $600,000
Cash invested: $80,000
After having a baby, we needed more space. We were open to a house hack situ...
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...
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%)- ...