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Deal in the Chicago area. Do the numbers work?
Hi everyone,I just put under contract a 2- flat building in the Chicago area. This is a class C neighborhood. Can you please give me some advice and criticize my analysis below? The first unit is renting for 700 (long...
Moon Molson
Cap Ex on New Construction?
I just bought my first deal and it's a new construction (with a 10-year tax abatement)! If everything is brand new in the building, what am I really looking at for an estimated Cap Ex percentage when crunching my numb...
Paul H.
Elevator Expenses for 3 Story Multifamily.
Good Day BP!
I am running the numbers on a new build 3-story 12 Unit Multi-Family with an elevator and would like to know the impact on the financials it will have.
What can I expect a new elevator to cost in main...
John Lawrence
Building Duplexes and Low Income
Began my goal of building low income housing due to shortage of acceptable units in our area. Will likely build and hold then refi out as they season. Good thing is they will have minimal maintenance for 5-6 years, u...
Kyle Meath
3 Family analysis in MA, first property...
Hello,
This is my first property and I would like to get some input from all of you who are way more experienced than I am. I am looking to buy and hold for positive cash flow. I am a contractor so the repa...
Sung H Kim
One large Multi Family vs Many small units
Hello guys, what do you guys think is better?Having one large 100+ unitsOr5 or 6 10-20 unit multi family?
Robert James
Advice when buying ta fully leased apartment
BP Members,New to the forum, and really looking forward to contributing!We are purchasing three multi-family apartment buildings (2-5units each). Each of the buildings are full leased, and we will be managing the apar...
Matthew Hollister
Multi Family vs SFR in North Iowa
I am at a crossroads this year. My situation is I'm 26 I make 45k a year and my wife makes 30k I have 5 SFR I started from nothing and saved and bought 5 rentals in 3 years. I buy them for around 35k do a light rehab ...
David Lehane
Looking to build a trusted team
Due to growth in Columbus Ohio, I am looking to expand my team of trusted contractors.I have 4 Apartments that need Major reconstruction workI have ground works, where I want to build a Parking lot and fence in a prop...
Henri Meli
How I added over $750,000 in value in 18 months of ownership
We are approaching the Thanksgiving season and I thought I start off a little early with a progress of ownership and a big thanks to the whole biggerpockets.com family. @Joel Owens in particular. I made my first real...