Jim Growfer
if i buy a building at 5% cap rate at a discount, is it still 5%?
If someone is asking 600k for a building that has a 5% cap rate, 30k NOI and i purchase it at 500k. It wouldnt be 5% anymore, correct? Cap rate confuses me a little bit, because that cap rate would now be 6% not 5%. ...
Steve Wilcox
Liens that do not show up until after closing
I have a property in a tough area under contract, and my attorney has told me that occasionally liens on the property may not show up for 3-6 months after the close of the property, which would leave me (or my llc) re...
Michael Noto
Electric Heat in a Rental
Wanted to see what other landlords thought about this situation.
We are buying a distressed 3 family that has 3 apartments: 1 bedroom in the basement, and 2- 2 bedroom units.
The basement apartment has ...
Dave Silva
work-around to avoid workers comp on myself
I'm looking at a renovation project that I would live in for a couple years. The bank requires a licensed contractor to do the work but I can work under him for whatever I want to do myself. The guy I have in mind s...
Derrick Lubomski
Build a garage or save my cash?
Hey BP members, I'm in sort of a predicament that could use some outside input. I'm closing on my first duplex for me to house hack in two weeks and can't decide if it'l be worth it for me to build a detached garage o...
Vincent Parello
Well water homes. Chicagoland
Hey everyone,I wanted to hear everyone's opinion on buying rentals on well water. Pros and cons?I am in the Chicago land area so hopefully, I can get some input from local investors.
Account Closed
A Glimpse of My Personal Finances and How to START
Although this is a new account, I have been coming on here for a few years. I have listed to every BP podcast, read some books etc.I have been interested in investing since 2015, when I listened to, yep, you guessed i...
Dominic Franco
New Member Introduction
Hello BP family my name is Dominic Franco! I am currently in the process of selling my house over here in the Fort Bragg, NC area and looking to relocate the Charlotte area. I'm looking to kick off my real estate inve...
Nazimcan S.
Beginner Investor - South Bronx - Multifamily Buy/Hold
Hi - Following some time of study and savings, I'm looking to make my first deal in South Bronx. My strategy is Buy&Hold Multifamily properties. My previous career was Graphic Designer, I would be happy to provide...
Michael Fink
Buy a 4 plex...get a duplex
I am fairly new to BP and the wealth of information is absolutely amazing. Quick background on myself. I had several rental units prior to Hurricane Katrina (yes, from the New Orleans area) and all of them were wipe...