Jenni Moore
HELP...Best ROI - Should I convert 1 car side of 3 car garage?
This will be my first big deal purchase....owner financed, 2 bed , 2 ba in the suburban Kansas City, Missouri area. Right now the property is just over 1100 sqft, has a full, but unfinished basement, and 3 (THREE!!) c...
Santiago Acevedo
ARV - What Percantage
Hey everyone, I'm a wholesaler in search of my first deal but have been having issues with how to properly run my numbers in this market. I'm located in Fort Worth, TX and searching in all of DFW area. I know the stan...
Jonathan G.
Deal analysis
So here is a deal I’m putting together. A 36 units, 40 years old, performing C building located in a nice B area in Fort Worth, TX. The complex comprised of 4 buildings. Was wondering how much will you offer for thi...
Kari Koszdin
Tenant paying below market rent in unit that needs rehab-
I bought a triplex four years ago and inherited one tenant. At the time, she was paying 1050/month for her small 2 bedroom apartment. The previous landlord had not taken care of the property, so I needed to put in a...
Sean McElligott
Evict and Renovate or keep old tenants and get by?
Would you buy a house where you had to evict a tenant on day one, spend 20,000 on renovations in an effort to make a great return with current market rates? I would have to float the mortgage for 5 months plus renovat...
Anne Rank
Is it illegal to rent a bedroom that isn't on the county records?
I am currently in escrow on my first rental property. I discovered the house I am buying was falsely advertised as a 3-2, county records show it's only a 2-2. One of the "bedrooms" in the basement doesn't have a close...
Jason Malabute
what to look for when analyzing operating expenses on T12
Some buyers are making deals work in today’s market because they are buying properties not reflecting the NOI accurately. If you buy C vintage properties, be careful if operating expenses are less than 45% NOI. Realis...
Steven Pool
Rental Investment w/long time tenant w/rent 200+ below market
Hello everyone,I'm looking into purchasing my second REI but first SFR. List price is for ~$60k its a 2 bed 1.5 bath near the local university and community college. The tenant has been there for several years and the...
James Free
Cash-out refinancing as a cash flow strategy?
Hello BP,Fairly new here, and I had a thought that I want to run by the group. It feels like there ought to be something wrong with this, but I'm not sure what it is.Suppose you're at the stage of life where you're re...
Konrad R.
Help analyzing rent increase
I purchased my first rental property (duplex) not too long ago. The previous owner was charging very low rent on one side. The other side was vacant (cash for keys). I spent a substantial amount of money renovating th...