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I am in the middle of purchasing a single family investment property in Memphis and the appraisal came back 10k lower. Do I have the option to negotiate with the seller?
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How do I figure out a Cap Rate on a vacant multi family considering it doesn’t have any income at that moment, but could rent out 750 a unit and it has 7 units?
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So i'm looking to getting my feet wet in the real estate ownership world and making my first deal by purchasing a multi-family in NYC (Bronx). The most difficult obstacle I see is that the market is way overpriced and...
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Hey all. I have a brand newly renovated three flat in a quiet north side Chicago neighborhood. Hardwood floors, new everything, etc. Just listed it and am getting a high number of "do you accept dogs" viewing inquirie...
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After seeing several posts regarding pet rent, I decided it is a perfect way to increase cash flow. I used to charge $300 PET FEE for new tenants. After the first year, I didn't collect another time upon renewal. I us...
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I recently completed the EPA Certified Renovator Training. Today, I received the Email below. Now, the EPA is not satisfied with the certified renovator. They now want to add another layer of inspection ($$$, delay...
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Folks, I was talking to a turnkey company to buy an investment property, and looking at a few properties. Their pro forma sheet doesn't take into account ANY vacancy or repairs when calculating cash flow, and the rent...
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I decided to hold off on this post until after the closing, which took place yesterday afternoon. This is actually house #3 I purchased, however the purchase closing happened faster than house #2, and being a light re...
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New member here and I have a very interesting situation with a house we are looking at - We haven't seen the leases yet (but requested them) for a 2 family house we looked at last night. The current tenants have been...
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Hey BP!Just wanted to tell everyone about the first syndication I closed. Yesterday July 31st, I closed on a 48 unit multifamily in Columbus, OH. Purchase Price: $1,115,000Occupancy: 75%Down Units: 6 Light Turns: 66 -...