Account Closed
Need help evaluating a "too good to be true" triplex deal
Hi All,I have an offer from a private party and it's not listed on any websites yet. Long story short, I befriended a 75 yr old woman at a dog show and she brought me this offer. No official cap rate or NOI yet.It's a...
Robert Ellis
is the 1% rule dead in 2023? No and here's why
The old tried and true 1% rule. People ask if it's still possible to get this. What I say: "reverse engineer what you want and use data to do so."
In Columbus Ohio in cash flow zips (class C), section 8 is one good ...
James Cramer
Section 8 Rent Formula
Greetings,I am looking for how Section calculates how much rent they are willing to pay. I know it is has to do with fair market rent, but there is a a lot of wiggle room in that because they have a checklist of amen...
Andrea Evans
The Discovery Phase of a New , Out of State Investor
Hi,
I am interested in connecting with anyone who has midterm rentals in the Cincinnati area as an out of state investor. I looking to utilize an 4 family property (1BR/1BA) mix into a future MTR space and would lov...
Jacklyn P.
Buying at full market value with 18% cap rate, will you do it?
Hello. I am a newbie and I have been looking for deals. I read that as an investor, I should make my money at the buy which is getting 70% of the market value of the house minus the repairs. I found a landlord that wa...
Nazimuddin Basha
Strategies to Combat Negative Cash Flow Due to Property Tax and Insurance Increases
Hey everyone,
I’m looking for advice on an issue I’m facing with my rental properties. Recently, my property taxes and insurance costs have increased significantly, turning what was once positive cash flow into negat...
Andrew Dincola
How much to charge a couple versus a single tenant?
Hey BP!I’m wondering what you guys might think is an appropriate rate to charge a couple for a bedroom that I would otherwise rent to a single person for $1000?The bedroom has a private bath and is coming furnished wi...
Mihaela Moraru
32 Unit Multiplex Analysis
How much should I offer for a 32 Unit multiplex -16 one bdr and 16 two bdrs that rent for $895 and $995 per month? How can I find an investor for the down payment. I already own 3 condos and according to Grant Cardone...
Meredith Mihm
Scrutinize my 6-plex deal analysis?
6 plex (all efficiency/one bedrooms)
Asking: 190K
Financing: Owner, 20%down, 30 year amortization with 15 year balloon (interest is still being negotiated)
Gross rents: $2870/mo. (Slightly under market)
Down pay...
Kahn Kellams
Inspection without utilities??
I'm purchasing my first foreclosure and I want an inspection done to make sure everything is ok. The problems is, the utilities are all shut off. Should I have them turned on myself before the inspection? Is that legal?