We are looking at a 116 unit apartment complex. The asking price is $4,950,000. The NOI is $484,000/yr. The seller will carry a 20% second. With 100% financing we should cashflow about $13,500 a month. That is calcula...
I am looking for insurance for an apartment complex we have purchased and would like some thoughts on a quote I have already received. The agent gave me a quote for $15,000 a year for the 25 unit apartment complex (Mi...
Hello BP members,I got a condo unit in MA with a tenant leased for an year. A really good tenant, very prompt on payments etc. Last 4 weeks or so, they are missing some amazon packages and some of the packages are ope...
I am a former Real Estate Investor, my health was in question for about 4 years, and I have lucky and blessed to finally start to get back into the Game, I have never had any experience in apartment complex investing,...
Hey all,I’m looking for help to secure my properties. I’d love tips for the following: 1. We are looking for security cameras that connect via WiFi or phone lines. Preferably without wiring. Anyone have any suggestio...
Hello, I am a fairly new investor but have been actively looking for another deal. I have come across an 8 unit apartment complex for sale in the neighborhood in Tampa, FL that I currently have my only investment prop...
Hi there,I was listening to a BP podcast and they mentioned that multifamily 5+ units is actually easier to deal with than anything under that. I found a few that look good. So I am looking for a way to get into comme...
So I’m trying to get into real estate, I have a 4 unit I’m renovating currently, once it’s done and rented I plan to pull equity to buy the next apartment.I’d love to own as many properties as I can eventually, but am...
Hi BP!I live in a house that is on a lot zoned for high density MFH. I'm trying to educate myself on the process (if I decide that the economics make sense) of scraping my house and building a 12-unit apartment build...
Investment Info:
Large multi-family (5+ units) buy & hold investment in Oklahoma City.
Purchase price: $460,000
Cash invested: $200,000
Off market deal from direct mail campaign
26 unit apartment...