Hello all, I'm seeking advice on a 10 unit complex with 8 1 bedroom units and 2 studio apartments. The complex is:$300,000Down $60000Rent income assuming $400 per unit= $48000 per yearManagement at 10% rental income $...
What exactly do you do when you "trade up" from multifamily homes to and apartment complex? I've read a bunch where people said they traded up and used the equity they had, does that mean they sell the multifamily hom...
Obviously, the goal of owning buy and hold real estate is to maximize cashflow and NOI. I have a 41 Unit Apartment Complex that I'm analyzing that has great potential but it has one issue, the WATER BILL. The water bi...
Does anyone have an example 1 or 2 page professional proposal document that I could use to outline a property that we have under contract to a bank? I would really appreciate it!!
I’ve been looking at buying some SFR’s but I happened to come across a 32-room apartment complex in my area for only 1.9 million. My question is would I need to qualify for that loan with my personal income or do they...
I have multiple single-family homes, I want to go to the next level and after either selling or cashout/refi part of my portfolio I want to find an apartment complex. How different is it to buy commercial property lik...
Hello BP! I am currently trying to organize a new-build project on a piece of land I just purchased. I would like to start playing with the calculations of my building costs (6-8 luxury townhomes). This is my first pr...
Investment Info:
Condo buy & hold investment in Lisle.
Bought this condo through the MLS in January 2013 with cash. We completely remodeled the unit and then did a cash out refinance loan. We rented ou...
Hi BP community,I came into an investment opportunity that I need to either raise or borrow fund for. Which is easier and faster to get into? A hard money loan or finding investors? it's a small apartment complex with...
Hi BP'erI'm relatively new to multi-family investments and have made small MF purchases so far. I'm looking at some of the large apartment complex (ies,. couple of 8-30 units) out of state, and want to know if anyone ...