Daniel Kim
4 PLEX, in NY. First Deal, Gotta Move Quick!
Hi Everyone,I currently found an off market 4-plex in yonkers. Pro's- literally 5 minute walk from the ludlow station, turn key(no renovation needed/owner was a contractor), extremely friendly tenants(spanish), safe f...
Katherine T.
Help double check my numbers on, my first property... make sense property?
Hi BP, I am a newbie. This is my first property. I have found a townhome , 3 bedrooms 1.5 baths that I just put an offer and awaiting seller's response. This is the breakdown..Asking price 72000 Down pa...
Gary Dezoysa
Does the 50% rule hold true for lower end properties?
Hi, I know that if I compared a $30,000 house renting for $600 a month to a $120,000 house renting for $1,600 a month, the cheaper house would have proportionately less property tax and vacancy factor, maybe also insu...
Kyle Banks
First Deal - What Am I Missing? Need Some Help...
BP - I have a deal and I think it's good, but I can't get the math to add up and I feel like I am wanting it to be too rich, or I am missing something. 4-plex, built in 19002 - 1/1 (currently rented for $760 and $900....
Ben Mizes
Maintenance / Capex for lower income large apartment from 1960
My partner and I are looking at a 128 unit complex that's made up of 8 16 unit buildings, with a average rent of $450. The building was made in 1960.We're not entirely sure how much we should project for maintenance /...
Nik S.
Deal Time!! Who you OR wouldn't you?
I'm looking at an 18 unit APT building.Occupancy is low @ 66%. One reason is the property is in receivership so these guys really aren't to aggressive to stabilize the property, they just want to sell it per the banks...
Ginger Vaadi
Cash flow vs 50% rule
Hi there. So I have a property that according to the bigger pockets calculators will cash flow $100+ per month but the 50% rule is -901. My question is what do I do with this information. Why is the 50% rule so negati...
Samir Ali
Reputable turnkey provider (MemphisInvest)- thoughts on roi
Hey BP,Been working with MI/REI Nation as the general bp consensus seems to be that they are a reputable and well managed/respected turnkey provider. I’m looking at some pro formas they’ve provided and running my own ...
Shannon Berry
Property Management Fees
I am wanting to enter the REI world but will not have time or skills to self manage. Looking for a property manager and think I have found one but wanted to make sure his fees are in line with the norm:9% of all rent ...
Eric McAvoy
Would you do this deal?
Here are the details:Tripled listed at 125k and I plan on offering 117.5kP&I would be $570/moRental income: $1675 from all 3 unitsThe issue is the 25% down. I don’t have 30k but I could get it from investors. I’m ...