Scott I.
Seeking Apartment Complex Buying Advice and Knowledge
I'm an experienced fix and flip investor of single family homes, a licensed contractor and realtor in Northern Virginia. I'm looking to purchase my first apartment complex/larger multi family property. I'm listening t...
Tracey B.
Limiting management of 100 door apartment complex
I'm considering buying a multi-family property with approximately 100 doors. The NOI, based on the forecast provided by the on-site management (extrapolated from previous years), is $220K, though this is after $60K in...
Daniel Gutowski
72 unit apartment complex - 8.3 Cap rate
Asking $2,300,000
72 units - 1 bedroom/1 bath - 700 Square Feet - $460 monthly rent
8.3 Cap Rate - great for area
98% occupancy rate - due to low rents for area
49% expense to income ratio
Fishers, Indiana
• Upside...
Reggie Youngblood
Help With Offer On First Apartment Complex
I came across a seller that was looking to sell a 8 unit apartment complex out here in Houston. Problem is, I have no idea on how to evaluate the property to make an offer. I have the rent roll and P&L statement...
Frank Costa
Tips on approaching an apartment complex owner
Can anyone provide me with an example of an effective letter used to approach an owner of a 6-8 door garden style apartment complex? The property is not currently on the market but I'm very interested in planting the ...
Derrick Lu
Complex going through a $1 million renovation
Hello,A town home complex is going through a $1 million renovation this year. New roofs have been done, sidewalks, landscaping, etc. with more improvements to come. Is this a perfect time to buy? I assume this will...
David Avetisyan
Thoughts on this Complex / Area in Texas
As I research Texas, I have began by familiarizing myself with its areas, trying to better become acquainted with each sub division and its offering, and I ran across the following property:3209 NorwalkDallas, TX 7522...
Ernad D.
How to analyze this 24 unit complex
Dear BP,I have been getting creative looking for properties and reached out to an owner with a 24 unit complex that is not on the market. The reason I am interested is because the owner would "consider seller financin...
Logan Beckner
Baltimore Apartment Complex Auction Experiment-Property Analysis
Hello BP forum users! I'm challenging myself to push my comfort zone and I'm going to do my best to go to an in-person auction (this will be my first) to see how it is done. The experiment part is coming with my analy...
Michael Dunn
23-Unit Apartment Complex for First Investment
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $1,050,000
Cash invested: $275,000
23 unit apartment complex with six additional units and a laundry room tha...