I am looking at purchasing a property management company. Im currently in the process of reviewing the companies financials. I am hoping to gain advise on how to value a business, particularly a property management ...
Property has a $70K 1st and worth around $125K and will rent for $1200 or so. PITI $850. Little skinny but if I can get with little to no cash in the deal except for some repairs it may work. Owner passed and the s...
I've located a home in Kansas City, however I'm unfamiliar with the area (my first mistake), and I need help from a local that is looking for a new client for PM. The property is located in Eastwood Hills East. Aski...
Just getting started, and looking to get on a path to freedom. I have 400K in capital to leverage into an income stream. Properties would initially self managed, but eventually turned over to a management company to ...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $1,305,000
Cash invested: $326,000
I started looking for a multi-family property in February, 2021. After s...
Hey guys! Made a GOAL this year NOT a New Years Resolution that most people did after celebrating the New Years. I turn 30 in four months from now. My goal is to purchase my first investment property before my twentie...
When I was working with a mentor a few years ago, he told me about a 1% rule. If the rent is 1% or more of asking price, it’s a deal. Has that changed to 2%?
Hi all, looking for some advice please! About a year ago I purchased 4 homes in Detroit, each costing about $38k, all cash and they are still non-financed. Two were originally Section 8, now only one is (tennant insi...
Hey BP!I’m trying to understand how hard money would work for acquiring a multi family unit per say. I get the whole buying a distressed property fixing it up renting it and refinancing or even in a flip. I grasp the ...
Hello fellow BP members! I have been bitten by a case of analysis paralysis. I have identified what I believed to be a few good deals only to drag my feet and lose out on the ability to submit an offer due to the pr...