John Franczyk
A Story of How Property Managers Can Screw Up
My son recently moved out of an apartment in a 40-unit building. His rent was $639/month, but for reasons we never understood, his security deposit was $538. He just received a security deposit refund check from the m...
Raj Pat
Line of Credit on 4plex - California based property PLEASE HELP
Hello All, We're looking to get a line of credit on a 4plex.. Current loan balnace on first is $565k, gross rents are $7k a month and value is $1.1m. This asset is in California. Princpals credit is good and income. W...
Matthew Shay
Effective Rent Clarification in Financial Forecast for 2019
I was reading a post on BP about market trends which includes a financial forecast from Berkadia and I included the link below. My question is about Effective Rent. Are they calculating it before or after debt service...
Jason Kern
Second Time Around
Hi All, I've got my first one in the portfolio. I closed in December and it's a single family home. I saved up and paid cash for it because I was nervous about borrowing. So now I'm on the hunt for a second property a...
Vincent Morris
First Duplex Down, many more to go!
Hello BP Community!I'm so excited to say I have officially closed on my first duplex. Fully leased, only estimated expense is utilities. Everything else is approx. Rents are well below market with room for renovation ...
Account Closed
First Spec Project Advice
I am considering my first rehab project. I have been a broker for 13 years and done two projects but one I live in and the other was a rental home and I only renovated it to sell it. This would be my first purchase ...
Charles Loughin
Investor in low income housing in Reading PA
I started in 2010 with a 3-plex and I've since added two single homes to my portfolio. The singles net a better return then the 3-plex so I am concentrating on them. I found that focusing on the mechanics of the build...
John A Redlinger
Vintage 1900 two story in Historic District
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $160
Cash invested: $108
Sale price: $355,000
Vintage 1900 2 Story 1650 Square FT Complete stud to stud res...
Sergio Altomare
Paging all Philly and Delco wholesalers
In a soon to be written blog post I will share my story of growing a real estate business to the point of leaving a high paying day job to be a full-time real estate investor.
Aside from our expertise in property ma...
Tony Sansalvo
Need help analyzing deal
I need help deciding if I should take this deal --
6 units (5 residential - 1 retail/package store)
Gross revenue = 62k/year , net $30k/year
Sale Price: $365,000.
owner financing Loan Details:
Terms: 1st Term ...