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We just agreed on a price for a 96 unit class C complex. The complex is currently managed poorly with out of town owners and "suspect" management and maintenance personnel.
First, we own and manage 90 units ...
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Hello all, My name is Brian Akamine. I'm new to BP. I'd like to introduce myself to the group and also I have a question for advice.First, a little of my background. I'm a former SoCal native 35 years in a city called...
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Full disclosure, I’m new to ALL of this.I bought my first property in Philadephia in August ‘16 ($145k), and through sweat equity (about $30k) + appreciation it has been appraised for 1.75x ($255k) it’s original value...
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I'm going to be purchasing my first property soon and I'm currently shopping for a mortgage. What are the top or most important questions to ask a mortgage specialist? In addition, how many days can you get pre approv...
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My husband and I are current renters and never owned a home. We are both just under 30 years old, I have a steady, decent paying job, excellent credit, but his career is uncertain and we both have a good amount of st...
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Hello BP community,Wanted to pose a question of those who are seasoned vets at this stuff...I've got a contract on a 4 unit building that is set to close Sept. 15. Purchase price is 287,900, which was "best offer" tha...
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This is a great topic, I think we can all benefit from creative ideas. Multi family comes to mind. In a economic downturn people down size. They move from there homes to apartments to cut cost. I would say make sure ...
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Hey ladies and gents, lately I have seen a few different strategies in the fix and flip industry. Ive seen alot more people turning to the 'high end' flip vs the traditional.
So, what's your strategy? And why do yo...
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I am a new investor in New Haven, CT. I notice the cap rate for large apartment buildings (50+ units) tend to price at much lower cap rates than smaller apartment buildings (4-10 units). I'm referring to cap rates i...
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I am very new and looking to do a house hack for my first property. The problem is that I live in Upstate New York. Every decent looking duplex I find costs over $200,000. When I do the analysis I find that the prop...