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Trying to understand the formula used to get comps for my first rehab. I have two real estate agents give me comps on the same property and there was a $30k difference. I used Redfin, Bank of American Real Estate Cent...
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I understand the concept of the Cap rate as a factor in the asking price and NOI. But I still need to understand how the cap rate can be justifiably fair. How can I safely put a cap rate just based on my asking price ...
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Good morning BP Family! I hope everybody has had an amazing week and is looking forward to an even better weekend! I'm still on the hunt for a new acquisition and am looking for SFRs or multi units in the Indy area (b...
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Taxes implications for buyers and seller on Seller finance deals!?I’m working on a seller finance deal and have some questions on Taxes.Seller: Family member Seller’s Purchase price in 2009: $180,000Property owned fre...
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I am currently looking to buy a 6 unit building and have been visiting properties for inspection. Every time I visit a property and inspect the furnace, I find the furnace and its piping overwhelming and confusing. Is...
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Hey Everyone,
I've been building an Excel financial model that can quickly analyze potential value-add multifamily projects and I've run into an issue that I wasn't expecting - when calculating the returns, do you t...
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Thanks for a conducive environment to learn and grow BP. I am in my mid-twenties and love real estate. I love every aspect of a flip. I grew up in a family business related to contracting, farming, and municipal water...
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Accounting dummy here. Not that it's any excuse, but as a young guy with very few expenses I haven't felt the impetus to keep track of my personal finances in any way other than the resources provided through my onli...
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Hi - Looking for some advice on the best way (and cost estimate) to de-foliate an overgrown property in East Texas. Grass is overgrown and unrully. Vines and ivy in chain link fence ect. Some stuff on house. I'm fr...
I'm a firm believer in tapping other peoples accumulated knowledge and I'd like to get some feedback from our seasoned landlords here on BP.
We've heard of baby-proofing a house, but what are some things you guys do ...