In a normal market, owners of multifamily properties typically consider selling for the following reasons: personal health or fatigue, political and economic uncertainty, government over-regulation, physical or functi...
Hey guys I have a great opportunity for my first deal! It’s 8 units that will cost me around 600k and will net around 87k w/ 5% repairs, insurance, and tax. They are older homes which will need upkeep. I plan to reque...
I am wanting to start rei and I find myself with poor 600fico. I just had some hard times with my mortgage but got that back on track and now want to be ready to buy more properties in the next year or so. I say a yea...
For newer people, I am posting some of the prices I am seeing to help them gauge and calculate prices. Sometimes I get good prices, sometimes not.When you are dealing with older house, you will often find they have a...
Hey everyone,
I’m exploring different strategies for raising capital for commercial properties, specifically distressed office buildings that we aim to recycle in California. I know there are investment platforms whe...
Question to the BP Network-
With the steep increase in rents in the marketplace. Is anyone seeing adjustments to Property Management fee percentages? What is fair? At what volume should a discount be discussed? 10...
Say you’ve bought a 24-unit apartment building that generates $24,000/month in revenue ($1,000 per unit). This is a value-add, and you think you can improve the rents from $1,000 to $1,400, which would equal to revenu...
Hey BPers...I need some help tonight. I'm looking at purchasing a SFR from a friend and we discussed two options. The asking price is $85K. Rent is $850/month and the tenant has been there for about three years. Good ...
2 questions....1) If I purchased a house a few months ago that is well under the county's valuation, can I take my closing docs into the protest and show them that is what the property is worth? And will the county l...
Hello! I've found myself in a unique situation regarding a real estate opportunity in Southern Utah, and I'm looking for some guidance and advice as I'm relatively new to this space and it's a bit overwhelming.To resp...