Joseph Firmin
Spouse wants to be the Property Manager
I have recently begun my REI business and purchased my first duplex. It is about to close (next week!) and I have planned the renovation and am ready to start improving the asset prior to renting out. I have been on t...
Michaela G.
What if no HOA has been set up?
So, we have this really interesting situation:A partner and I have picked up 6 duplexes in one 'cul-de-sac' (It's really a private drive that feeds all of these duplexes. It turns out that they were never officially s...
Bradley Jernigan
Multi-Family Forced Appreciation
Forced appreciation in multi-family properties involves increasing the property's value through strategic improvements. Examples include renovating units, enhancing common areas, adding amenities, optimizing managemen...
Account Closed
What improvements does the Streamlined 203K cover?
From what I've read online, it covers 'minor kitchen and bath remodels' but not 'major remodeling'. That's pretty broad. Does anyone have any experience or knowledge with more specific details?
Example: let...
Melanie Baldridge
If you want to be a real estate pro, you need to understand the TERMS:
Here are a few definitions that you absolutely must know.
Bookmark this thread and use it as your cheat sheet for 2024.
Okay, let’s dive in:
Here are the terms that I’ll define in this thread:
-DEPRECIATION
-BO...
Patricio Alvarado
Licensed Real Estate Sales Associate from Florida
The main purpose that I signed for this website is because I strongly believe that knowledge and wisdom should be spread among the people. Wouldn't you agree that everyone's life style will improved if the parties inv...
Matthew Masoud
Cap Rate Based On Pro Forma NOI?
Hello BP community,
I'm starting to look for larger multifamily properties.
A common (surprising) trend I'm seeing is that people are selling their properties based on future (proforma) NOI.How does that make any se...
Judy C.
Wind Chase Village Abilene TX
Investment Info:
Large multi-family (5+ units) buy & hold investment in Abilene.
Purchase price: $4,200,000
Purchased a 170 unit apartment community in Abilene, TX. Rents were well below market and ...
Jorge Abreu
Tips for Multifamily Property Owners
7 Tips For A Preventative Maintenance Approach For Your Rental Property
1.Develop your strategy and involve others in your action plan. Assign specific responsibilities, determine tasks, cover activities to complet...
Jarrod Anderson
First Development Project
Hello BPers,I've been investing for a few years, and I finally wanted to take theleap into development. I got into a deal where we were going to develop a nursing home into a 50+ unit apartment building. I ended up g...