If you acquire a 3-4 unit property and there are tenants there already, what is the best legal method you have done to remove them so you can pick your own tenants base on your screening methods. Reasons I ask:1. I do...
Hello Everybody,
My name is Nick and I am an extremely new to REI. I live in San Diego and I am looking to start investing. I've been trying to write up my business plan but I'm stuck on my mission statement. There a...
A partner and I are purchasing and planning to quickly sell a condo. What would be a fair consession or agreement considering what we can each bring to the table?We were trying to keep it as close to 50/50 stakes as p...
Hello, what's your average cost per deal for cold calling in wholesale real estate for your buisness? I think getting an idea for this number is key to building an effective marketing campaign, if possible please shar...
Hey everyone! I'm new here to BiggerPockets. I am a full-time Realtor in NH & ME. A few months ago I started attending a local investors meeting and have become obsessed with learning about real estate wholesaling...
This post is for all the rehabbers and flippers out there. I have a long term buy and hold strategy but have recently been interested in learning more about flipping and doing maybe 1 or 2 flips a year. I want to ...
I think this should be looked at as a STR. It's a hotel that rents strictly by the week or month. I havent gotten any firm occupancy rates from sellers agent. What should I use for occupancy rate in my analysis?
Hello BP friends! What's the rule of thumb for creating a capex reserve? (as a percentage of total revenue) At day 1 of owning the property, do you typically have some $ sitting in the reserve?
I'm currently looking at a 32 unit apartment complex (all 1 bedrooms) in Cincinnati Ohio. We're in the middle of our due diligence process and we just found out the complex has all aluminum wiring. From what i underst...
There are two ways for you to calculate your MPP.
The first is a much more detailed approach and requires you to estimate all your costs from the beginning to end of a project.
MPP Calculation = After Repair Value ...