How do small town banks appraise storage facilities? I’ve found that most “mom and pop” owners have no idea what a CAP rate is and just know what they paid for a place and what they think it’s worth. There is no conce...
A year and a half ago, I started listening to the BP podcasts everyday. Those podcasts turned me onto Grant Cardone who is a great motivation for me. Every time I felt limitations, I would hear a BP podcast of somebo...
Hi BP community,If you could take some time, I'd appreciate your feedback on an analysis of my first deal. I'm investing in Iowa and i'm targeting a 10% CoC return with at least $100/unit cashflow. The property: It's ...
just got good news, our cash offer was accepted for the perfect small building in commercial zoning, for our planned non-profit pet rescue startup. its 2 floors freestanding with each level being 24ft deep by 18ft wid...
Since I'm super new to REI I figured it would be a good idea to start going on Trulia, finding example properties and playing around with numbers in a spreadsheet so I could get some feedback from the community to see...
Have agreed on price with a homeowner and will get the contract signed tomorrow. This is a deal I will be wholesaling (and will be my first deal, if it goes through). The property has a tenant who has been there for t...
Typically, by the time my flips are on the market, I am completely over it and ready to move on to whatever is next, so I never did much retrospective analysis. I know how much I made and generally what went wrong and...
A friend of mine wants to break her lease due to her landlord slow at fixing things. She wants to move into my vacant unit and just get out of her lease. It took a few months for him to fix something they requested as...
Should I invest in the Northern Illinois area, specifically western suburbs of Chicago? Long term I don’t feel like Illinois is headed in the right direction with high taxes and budget issues. I’m aware that each area...
hello,
I am working with a property manager for a property I may possibly buy in Austin (Still researching). Below are the rough charges.
1) 70% of the first month rent for every new tenant.
2) 7% of each month re...