Philip Bashaw
How do I determine an ARV on a small apartment building?
Hello BP Family!I found an apartment building in Atlanta that hasn't been updated in forever...if ever. It needs a lot of work, inside and out and I want to make a reasonable low offer on it and don't really know how ...
Jerry Kisasonak
116 Unit Apartment Complex Financing Question
We are looking at a 116 unit apartment complex. The asking price is $4,950,000. The NOI is $484,000/yr. The seller will carry a 20% second. With 100% financing we should cashflow about $13,500 a month. That is calcula...
Christian Orozco
How many applicants is too many?
Hi, I just put a unit for rent on the market. I have received about 60 applicants in less than a week. Is my rent too low or is that average?
Joel Oh
Do you really need a STR insurance?
Hi guys, I know I will get a lot of hates from this but does STRs insurance really good as their price?From my experience so far, Airbnb never failed to cover any issues I had caused by guests. Also in case of fire or...
Manuel Angeles
Affordable Housing Development Capital Stack Structures
When developing affordable housing in California (more specifically Los Angeles), how complicated is it to raise capital using subsidies?Is it common for developers to use subsidies to cover 100% of the construction c...
Dwight Porter
How come some sellers don't accept VA Loan Buyers?
Greetings,
I'm new to real estate and I found my first deal on a duplex in the Houston Texas area. I was going to house hack using a VA loan. I visited the property and made a strong offer. A few days later my realt...
Robert Hanson
Rookie needs advice for tenant screening in C class neighborhood.
Hello BP,
This is a hit to my pride to post, but I need advice. I completed my first rehab to rent in July of last year. It is a quadplex and all units were rented until recently. I just had my first eviction and,...
Anthony Simboli
All Cash Offer for Entire Lease Upfront - Good Idea?
Hey guys,So a unique opportunity came about that I've never experienced in all my years renting. Someone in the neighborhood offered to pay cash (or cashier check) for the entire rental lease (10 month lease) upfront....
Mac Trader
<3x Income, full year up front?
Greetings all! I've been lurking and soaking in every word of information in these forums and site. It's been an invaluable resource as I seek to fill a new vacancy in my recent rental. I set the BP standards in my li...
Marcus House
Do you request seperate application from potential tenant?
It just occurred to me this week that after these many years of renting homes that I only request a single application from one adult which means that if 3 adults wish to move into one of my homes the applicant only n...