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Acceptable CAP rate for multifamily properties in Ohio is as follow: Section 8 or any other subsidized housing is minimum 7.5%. For Market rate properties it is 8.5%. Student housing is minimum 6.5%. A good property t...
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Fellow investors,Have you or know someone that has done HELOC on an investment property (i own more than 4 investment properties in my name).Any reference or/and recommendation will be highly appreciated!
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I’m looking at a 35 unit apartment building North of Kansas City. All units are studios and should each rent for around $350. All utilities are billed back to the tenants. The building is supposedly at 90% occupancy. ...
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Hello all, not sure if this the right location to pose this question, please let me know if there is a better category or location to post in. I have moved away from my W2 job and living off of investment income (rent...
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Hey Guys,
Looking to invest in Wichita, KS. But according to census that town has been declining in population last couple of years. Also I believe job growth hasn't been at the rate of KC & OKC. But I heard Amaz...
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Hello BP members. I am currently in the beginning phase of getting a direct mail campaign going targeted at 2-4 unit properties in my area. My goal is to find a property that my family (myself, wife, and two babies) c...
What metrics should I be looking at to identify a good multi family property? Appreciate the help!
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Hey guys, I'm working on my first multi-family investment, and I'm hoping you all might have some advice. I am currently renting an apartment with a lease that expires at the end of January, so I'm in a bit of a time ...
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I’m looking for a loan to purchase an 5 Unit apartment and came across a lender. He told me I have to pay a $3,600 origination fee for for $180K. I told the lender from Metro Financial Services, INC that I didn’t want...
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Hello everybody. I need some advice from the BP community.A realtor has started to work with me to find a deal. We have already scheduled a viewing this weekend. Then, this morning I saw a wholesale post that could f...