Jeremy Clarke
Need your creativity
So I own a rental property here in Denver. It has between $250k-$300k of equity in it at 3.25% interest rate. I gross about $1,200 a month after I pay the mortgage. Mortgage is $2,500, rent is $3,750. I'm looking to p...
Timothy W.
Any self storage investors here?
Hey Guys,
I have a small commercial multi but my main focus has been res. property. I have a question about self-storage and I have never done it before. I have a line on a 42,000 s.f. commercial building in a densl...
Sunny A.
Tenant did not disclose pets
How would you deal with this situation:My tenant did not have pets when they signed the lease for a unit in MF building recently when I was there for some work I noticed they were keeping a cat.My lease says"No Pets"....
Matthew Masoud
Cap Rate Based On Pro Forma NOI?
Hello BP community,
I'm starting to look for larger multifamily properties.
A common (surprising) trend I'm seeing is that people are selling their properties based on future (proforma) NOI.How does that make any se...
Dan Favor
Fair return on friends money
fred, dont pay an upfront fee!! when i first started, i wanted that hard money loan bad too. i found a broker who promised me the world with a 'due diligence' fee of 1,000. when i told him no way, he emailed me fo...
Bill Pederson
Need help financing addition to our self storage facility
Greetings,
1.5 years ago I was able to purchase 2.5 acres of land free and clear by taking a mortgage out on my home. I built a 254 unit state of art self storage facility which we are at 90% full. My avera...
Hurricane Hamilton
Buying an 8-plex with low rents
This 8-plex is in an area where studio/1br apartments rent conservatively for $325 per month.Zillow listing: https://www.zillow.com/homedetails/1318-N-18th-St-...Listing price: $119,000Income:Estimated Annual Rents: 8...
Alex Legore
How to get into medium to large apartments complexs?
So this is my first post on here guys. I got a reference from some guy over on ATS and thought I'd check it out. Looks like a wealth of great, non-BS, info. Awesome.
Anyway, I'm 23 and an aspiring landlord. I know i...
Michael Beeman
0-12 units in my first 3 months; 1 yr after a bankruptcy
Good morning. In April 2016 I had to file bankruptcy from debt that could not be managed anymore after a divorce. I turned 34 this morning, and I just wanted to say Thank You to everyone at BP. I found your show/websi...
Andrew Marsh
Should I Take Ex-Tenant to Court for Unpaid Rent
Hello Investors,I would appreciate some advice on my situation below. I would like to know if it makes financial sense to take my ex-tenants to court for late rent payments or just cut my losses and move on. Here is m...