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I recently brokered a sale at 1566 Mark Avenue, an 8 unit apartment building in Elgin, IL. The sale price was $430,000 ($53,750 Per unit, 7.66 Cap Rate and a Gross Rent Multiplier of 13.04). The property sold for 93%...
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My number one best all time creative financing of a property that I ever did was for a purchase of a empty lot two blocks from the ocean in Long Branch, I was reading the local auction list in my city when I noticed a...
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I thought I had seen on these forums a way for tenants to pay rent at a 7-2-11 or something like that. I'd like to have some way for people to pay application fees who are not computer literate and don't have paypal.
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My father and I have found a decent 10 unit apartment complex in our state. When we went to our bank to begin the qulaification and approval process, they recommend we start an LLC, submit some sort of executive summ...
I hear the 2% rule tossed around, i.e. buy for $100k, rental rate should be $2k per month. Unless I go to the parts of town I don't want to have a buy-and-hold rental in, I'm looking at more the 1% to 1.25% range fro...
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Does anyone have experience buying around Medina County or Bandera, TX. I've seen some really good deals around the northern part of Medina Lake, but not sure how slow or desirable that market is. I seen a lot of new ...
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Hey BP Community!I am gearing up to purchase my first rental property and I have a question regarding the best way to setup my business.I am partnering with two college buddies of mine (one lives in Seattle, the other...
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My husband and I are looking into trying to invest in a property that would cater to people that would need 3-6 month rentals if possible. We know of traveling nurses that need that, but I was wondering if anyone knew...
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Hello BiggerPockets community,My Name is Roger Mejia, I am a 23 year old college student on track for a Big 4/CPA Real Estate Tax career. I am looking to leverage the knowledge I gain through my career to build my own...
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Hello everyone, I'm new to BiggerPockets. New to investing in Canada too! We are moving to Halifax NS next year. We had a small portfolio here in the UK, its all now sold and I have about CAD 500k to invest. Anyone f...