Josh Sterling
Verifying expenses and income for 34 unit building
This would be our first large multifamily deal. (large to me at least). After viewing the property in person we are interested in proceeding with an offer.
I know that the building was purchased for cash by the curren...
Jeff Thompson
going back to school, what to study?
Some may consider it a waste of the investment, but I have the "post 911 GI Bill" to use so I'll actually have my schooling 100% paid for while getting a housing allowance based on the expenses of the area.
If you ha...
Oke Tammik
Into the Abyss: Housing Market Outlook for 2021
“Prediction is very difficult, especially if it’s about the future.” So goes the old saying, but that doesn’t stop people from trying: from pundits to analysts to salesmen, many make grand projections about the future...
Tushar Shah
Multiunit Bld - 100 years Old - Diligence Required
Hello BP Members,
I am under a contract for a 8 unit building came on MLS few days back and was hoping to get your opinion on few technical/diligence things given the communities vast experience in investing in mult...
Carly Turow
First deal during unemployment
Good morning!I'm looking for some honest opinions and feedback on this :)In November I left a job I wasn't happy at. I've acquired 2 certifications I needed in order to qualify for the company I really wanted to work ...
Ivan Vargas
Deceased owner. No mortgage. No heirs. Any options?
I came across a property in Orange County, CA where the owner passed away last year. Property is not under a trust. Neighbor told me he was from Europe with no family here. I did a peoplefinders search and did not fin...
Chris Brillante
Appraisal Waiving Stress
I am currently looking for a multi-family house in the Somerville area and am running into an appraisal issue when putting in offers. I was just recently beat out on an offer as another buyer completely waived their a...
Serge S.
$46M in Arizona Multifamily closed in last 60 days
Greetings BP, its been a while and I wanted to post a brief update of our deal flow in the last 60 days:1. Metro PHX - 168 unit mid 80s and late 90s former Marriot Residence Inn, off market deal purchased from Covid d...
James Rodenberg
How does this market compare to “normal”?
Hey everyone,I’m working to analyze deals and get a feel for different pockets of the KC Market. From what I’ve learned from my own analysis and networking it seems that even a good deal, let alone a great one, is tou...
Ryan Schwartz
Is broker charging too much commission?
Hi everyone. I'm wondering what your thoughts are... I have a friend who is an agent and his broker usually makes him charge 6% of sales price for a listing in CA. That's on the higher end of normal, as it seems mos...