Lee Lockhart
6-unit Building offer submitted
Hello everyone! I submitted an offer on a 6-unit multifamily in Chicago. The offer is $190,000. Every unit is 3bd/1ba. Tenant pays for their heat, electrical, and hot water. Four units are rented. The remaining units ...
Tosin Oluwatoye
Switching utility bills to tenant upon new purchase.
I am currently considering a 10 unit (5 duplexes) purchase where the current landlord is responsible for all utility bills and does not have a cap on usage written into any of the leases. Fortunately all 10 units hav...
Andrew Hooyman
Appreciation based on cash flow or Surrounding neighborhood
I recently read that commercial real estate even small apartment buildings appreciate based on cash flow not on the surrounding neighborhood like single family homes do. I am wondering if that is accurate and exactly...
Raj Parwani
Multi family :calculating purchase cost
so lets say the NOI is 100K . if you want to know what price to offer , would you use 6% cap rate or 9-10% cap rate. With 6% cap rate you would offer 100K/6% = $1.67M. but with cap rate at 10% : 100K/10% = $1M. How do...
Curtis Cecil
BRRRR or buy multiple at one time???
So I'm curious to know which way is better.So let's say I have $100k cash and I can either put 30% down on $100k duplexes, or buy 1 in cash and then BRRRR. Which is better? Numbers show that if I bought 3 houses and a...
Alison Michel
DOM as sign of a bad deal?
Hi investors,
There's a multiunit I'm interested in, and for which I am able to make the numbers work, but it's been on the market for 150+ days. Does this mean my numbers are wrong and it's a bad deal? It's ...
Josh Smalley
Newbie - Questions & Guidance Requested
Hello everyone,My wife and I have identified Georgia as a state where we would like to begin our real estate investing careers. We live and work in Europe but are US citizens. We are looking to be semi-aggressive inv...
Louise Whidby
Studying Appraisal Report
I have been reviewing an Appraisal Report sent to me by a Seller. Report was done in April 2013. House was left to gentleman by his late mother. His 89 year old aunt resides in the property, but they are trying to fin...
David Sladewski
AirBnB Arbitrage Cleveland
I am planning to start a rental arbitrage business in Cleveland Ohio and my biggest concern is where to find enough short term renters if Airbnb and Vrbo don't provide me enough people in order to be profitable. I ha...
Sheena Varghese
Flip taking longer than a year and tax implications
Hello,My current flip will take longer than a year, about 18 months. Can I still deduct all renovation costs from the profit in regards to paying taxes on the profit. I have all cash in the property and for renovati...