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Unsolicited phone call offering to buy a condo I own 500 miles away in Texas panhandle. Price is probably above market, 17k down finance 75k @ 3.8% 35 yr amortization. 3 year balloon. Also offered cash at 30k less...
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Hi all. We've done well with our SFR investments, now I'd like to branch out. If I have 50k available to invest, would that be enough to join a syndicate to purchase an apartment complex? I live an hour north of D...
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Hey guys!We were just presented a contract from Spectrum for an exclusive contract for our 56 unit complex in Fayetteville. Wondering if this offer is competitive to what you've seen in the market, particularly with t...
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So I'm in the process of getting a tenant evicted. My manager took them to court and they had a set out date for tomorrow 3/7/17. They're still there today and my manager is telling nether they're going to have to do ...
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I'm a new investor-really new-as in I've just finished chapter 7 of the Ultimate guide. I have a question about the 2% rule. Why is it that we say rents received from the property equals only 2% of the purchase price ...
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Hey folks,
The more deals that come across my desk for multifamily units, the more I ask myself this question: How much cashflow per door for a multifamily property makes sense for me to manage a small multifamily b...
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Hi Friends of BP,I'm having a hard time nailing down my buying parameters and I'm hoping you can weigh in. I'm looking to eventually own 25 rental properties (25 x $200 / month in cash flow = 60k per year, which will...
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Hey y'all! My name is Nick Welch, and I'm looking to get started in real estate (aren't we all?). I'm posting here because I reached a bit of an irritating impasse, and was wondering if any of the far more experienced...
My wife and I have been managing a 20 unit complex in Midvale, Utah for a year now. We have lived here since July 2017, coming up on four years.This is a beautiful complex with a lot of potential and I believe it ha...
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Hey everyone,So i have a new construction single family home that closes late Jan. It has 4 beds and 2.5 baths. 2038 sqft and 12k sqft culdesac lot. Granite tops, LVP flooring, etc.my research has been pointing toward...