Barry Craig
Deal or no Deal
20 Unit Brick Apartment, Pitched Roof (new x 5 years)
Separate metered utilities (owner pays none)
All electric central air/heat
No Vacancy, waiting list to get in
Debt service: Asking 750,000 Get for 680,000
680,...
Jacob Marble
How does cash out refi work in larger commercial?
I'm looking at a 12 unit property in St Louis, with solid cash flow. Rents are top of market, and the seller has rehabbed all units, so there's not a lot of upside for the buyer.
The advertised cap rate, and my estim...
Patrick Moore
Going to look at 5+ buildings, one owner
Hi everyone! This weekend I am going to look at 3 properties. 2 of which are the same owner. She owns 5+ properties in the area I am focusing on. I am compiling a list of questions to ask this owner and I figured I'd ...
Jacob Prelle
Getting a loan without a job
My wife and I are learning a lot about investment properties and are planning on purchasing our first this year. We are currently renting, have about 60K in the bank, and we both want to retire in about 10 years. She ...
David Zhang
Looking for a CPA in Chicago
Hey guys! I'm on the verge of selling my first Fix and Flip property in February, and will be pursuing a House Hack in the Logan Square/Avondale area during the first half of the year. SInce the Tax ramifications of t...
Jorge Garifuna
Other munies in STL besides Berkeley applying 30% rental limit?
Hello all,I went to Berkeley City Hall today to apply for an occupancy inspection for one of my rental properties located in Berkeley, MO. The lady at the finance office gave me a copy of ordinance number 4320, bill n...
Michael Zagorsky
Renewing lease on late-paying tenant? Increase Security Deposit?
We have a townhouse that rents for $1,100/mo in Birmingham. Professionally managed. We live out of state. Signed new tenant in July of last year always paid on time. Beginning in Jan of the tenant started to get 15...
Kyle Grimm
How to "Tenant Proof" Your Rentals! Share Your Tips!
Hey everyone, so I was working on my duplex today asking myself what all could be done to "Tenant Proof" my rentals. Share your tips and tricks! I happened to be installing shelving today and I like to stay away fro...
Lane Babin
Must-ask questions for first meeting with CPA
I'm preparing to open an LLC so that I can dive into REI. As part of this preparation, I am meeting with local CPAs to introduce myself and interview them for a potential fit for assisting me with tax related items. ...
Account Closed
Michael Blank Deal Analyzer
Hello everyone , I am using the Michael blank deal analyzer to evaluate multi family properties in NC,TX,GA,SC,UT,TN,AL. I use the LRO to get snapshots of each market and the snapshot gives me Occupancy %,Effective Re...