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Hi there,One of our commercial tenants (property is in California) wants to sell his business and retire. We renewed his lease earlier this year with the knowledge that he might sell his business soon.What process wou...
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Hello BP community,I have an opportunity to purchase a 3 unit investment property and I was hoping to get some advice from you guys. Seller is asking 235k for it and its in a nice area with a good school district. 3br...
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I have a 2 unit building with 2 HVAC systems and tenants pay electric and gas. How do I pull out the utilities for the common areas (basement, garage, staircase/entry) so I, as the landlord can pay those?
if i have a property for $5.6MM and the NOI is 320k. Is there a fast way to get a rough estimate on what it will cash flow?does it all depend on the type of financing? 15 year vs 30 year would completely change that ...
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Just received word that my 60 unit apartment complex construction is approved! Have been meeting with the city planning commission since about December. City approved it a few weeks back and my bank approved loans TOD...
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Hi All,New investor looking for a little feedback and/or constructive criticism on a deal I'm analyzing. This is a mixed unit building, 8 apartments (1BR/1B) and 2 retail offices. Offices are leased up for 5+ years wi...
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Hello,
Long time lurker, first time posting...
My situation is an interesting one I believe. I have been offered the chance to take over the mortgage on my grandmother's house. It's a two flat with definite opportun...
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What is your one thing and how did you determine it?
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I feel kind of stupid asking people flat out what their mortgage is, is there a tactful way to ask?
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Let’s assume you have invested into a Note secured by a 1st trust deed on a property.The deal goes bad, and you have to foreclose.Let’s also assume that the foreclosure proceeds are more than the note amount.Is the di...