We did a 1031 exchange into a 10 unit apartment building. The property is underperforming the other properties in our 40 unit portfolio. We've been consolidating our properties closer to our home location. This is...
I am interested in a 4-plex in Houston,TX. The property is listing from a wholesaler for $133,500. CAD appraises it at $179,000 and it has gone up from $135,000 in 2010. Wholesaler says it needs $16,000 in repairs. I'...
Hello all, I found a house in my area that is on sale for around $90K but likely will see bidding go up. The comps average around $150K for these houses in the subdivision. The house is a 3 bed 2.5 bath and 1800 squ...
The SFR is in Huntsville, I think I got it for a pretty reasonable price, nothing to write home about but I am content. We completed the home inspection, insurance inspection, I looked at the property, the agent looke...
Hey BP Crew,
Just wanted to share our most recent success. We purchased a commercial property that was a residential home converted to 2 commercial units and an ADU. Essentially a duplex with an ADU. Closed in May 20...
I've done a few rehabs involving concrete slab foundation leveling (common in Texas). But my current project was one of the worst. Had to lift part of the foundation about three inches. Due to the age of the proper...
Hello,I am hoping for suggestions on Real Estate Modeling software that is effective and reasonably priced. I would like to model multi family acquisitions 2+ units without too much complexity. The objective is clean ...
Hi Fellows, when you evaluate multi-family deal, what is the optimal level of expenses as % of EGI you recommend?Best, Gary
I hired a home inspector for my first deal and will be doing my inspection tomorrow. Does anybody have any good tips for me? I.E. Common things that you had to remind a home inspector to check, tip for negotiating a...
I've been using the following template to evaluate houses (thanks to whoever uploaded it). I run admittedly pretty conservative numbers on both sides. Also, I plan to self-manage but I want to stress test each prope...