Cody Dover
Underwriting 16 units (four 4plex's)
I'm underwriting a deal right now, trying to determine a generic rule of thumb people use for expenses. The deal includes: - Four 4-plex's totaling 16 units- 100% occupied (although I like running my numbers at 89%)- ...
Chad G.
Running the Numbers - Advice for the Lehigh Valley
I am just beginning to analyze properties for my first investment property, but I am unsure of these four things:Vacancy - I am using 8%, but I am curious what others see in Bethlehem (18018/18015) since some research...
Mark Hong
Cap rate /COC Determination
Hi All,I have a simple/stupid question. Do you factor in property management fee as part of your formula to calculate Cap rate?When I was searching for properties, the listing agent's calculated Cap rate almost never ...
Alex Sanchez
Expenses on a rental property
I'm in the process of looking for a 4 flat to house hack with an FHA loan. it will be my first investment property (first property I'll buy as well, I'm only 21). What are all the expenses you need to factor in for yo...
Todd Moriarty
If I buy an apartment building, who keeps the cash reserves?
I'm looking at different buildings right now and was told by a reliable source that, if I buy the building, I get the owner's cash reserves. That doesn't sound right to me. I know I get the tenant's security deposit...
Andrew Jones
Advice on facing eviction in CA
Hello, BP community!
I’ve been living in an illegal in-law unit built into the side of my landlord’s house for 6 years. During this time a leak in our bedroom closet has consistently gotten worse with each rainy seas...
Keith White
Help me analyze this potential deal.
I recently have been in discussions with a friend of mine about purchasing 4 condo units from him, two 3 bed and two 2 bed. I have been involved in the property management field for a few years now but currently do no...
Dan T.
How to evaluate return on Apt building.
Would anyone care to share their process for analyzing a deal? I'm considering investing in a Apartment building rehab and trying to determine if its a deal. I created a PDF of the deal points to summarize it. An IRR ...
Tim Porsche
Duplex in Muhlenberg Area of PA - Need Analysis
Hi All!I have a duplex I'm looking at in the Muhlenberg area of PA. It's in a decent neighborhood, but the schools aren't great. Listed below are the numbers. Could you please let me know what you think? Would love to...
Zac Smith
Expense Valuation on 55+ unit
Hey everyone, I'm evaluating an apartment complex in Central Texas. After going through the proforma I made, my NOI seems way low. I can't base the expenses on real numbers, due to not having anything that's current (...