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Hi Folks,
There is this 96 units property going to auction. As I am preparing a financial summary for a 25/75 split equity. 25%---me and the equity partner 75%.
Here is the number
23 studios x 800 = 18,400 ....... ...
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What is a acceptable Cap Rate on low end rentals. I have seen between 8-10% but these seem low to me.
Thanks for the advice
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Hello! I joined BiggerPockets today and look forward to networking and finding my way to time, location and financial freedom! I HAVE NEVER OWNED A HOME. Primary or rental.
Here is my current situation:
I'm 27 years...
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Hi all!I'm currently looking at a pocket listing in Troy, NY. The current owner is shopping it around for 1.35m (7cap) and the proforma numbers are as followed: ANNUALIZED INCOMEActual MarketGross Potential Rent $191,...
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Hi all, I see many people asking in these forums what costs to keep in mind when estimating a property that will be turned into a STR. I compiled the list below with the most relevant items in my experience. What cost...
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Read this the other day regarding Donald Trumps recent executive order on examining the affects of regulatory barriers at the Federal, State, local levels on the availability and development of affordable housing. htt...
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I want to look at an Income Property today or tomorrow and it is a very big property.
Problem is: I have no Contractor to do a complete Inspection of this property and I need to ACT FAST. Being a newbie, this...
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Hi, I just want to better understand how this works....when figuring the cash on cash return, the figures on the mortgare/ points / and closing costs, are these figures coming out from the seller side of their finacia...
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Curious as to what IRR you look for in a value add MF. I spent an hour or so building a model with some guestimates. Kinda curious how far off I would be. With no rehab I estimated the IRR to be 12% and w/ rehab 22%.H...