Jeff Mills
What numbers/conditions would it take for you to buy in a ghetto?
I'm looking at a small apartment complex where based on my numbers the cap rate could be around 25% and the COC over 70%. Rents are around $450. It's also mostly renovated, just needs 10k - 12k left according to the s...
Drew Dim
Home warranty to cover expenses?
I had a co-worker who would get a home warranty like American Home Shield etc and put hose on each of his rentals. If anything broke or there was any issue he instructed the tenant to call the warranty company to com...
Brian Gibbons
Interesting Calculator Site for RE Investments
http://www.proapod.com/LearningCenter.htmFormulasBreak-Even Ratio (BER) The ratio often used by lenders when trying to decide whether or not to underwrite an investment property loan...Capitalization Rate ...
Kevin Hughes
Young, married couple looking to learn about rental properties
I am an elementary school teacher in Chicago. My wife works for a large art museum. We are looking to learn about and purchase rental properties as a way to make money. For some people on BP, the end goal is to quit t...
Chris Collins
Why don't THEY buy it themselves? (a Q re: Turnkey 'deals')
My question is this, and it applies to Turnkey companies, as well as other investors selling properties."Why don't they buy it themselves if its such a great deal/ROI?"If a turnkey company actually believes in the pro...
Mark Yuschak
About to make an offer on a small apt complex
I'm considering a small apartment complex. It's a 19 unit. 18 one bedroom units, and 1 efficiency. All units have appliances furnished by the landlord.
There are currently 5 vacant units, but that's because they a...
Kelly Skeval
Mobile Home University
I’m curious to hear from individuals who have completed the Mobile Home University boot camp and gone on to purchase a mobile home park. I’ve read nothing but great things about the boot camp and I’m thinking of takin...
Andrew Huffmab
Any investors in South side of Chicago?
I am from Northwest Indiana looking at 5 unit in Chicago. I own rentals in Indiana. Not familiar with this south side area. There are similar properties that are posted for $900-$1300 in 1 block area. the property ha...
Robert Baker
Buying a 6-plex for a newbie
I am new to the real estate investment game and trying to get my feet wet. I came across a 6-plex that appears to be a good deal. I am curious what to be aware of when buying a 6 unit building (6 connected townhomes...
Daniel V.
Cash flowing areas like Rochester, NY and Cleveland, OH
Hi All,I'm a first time poster and highly motivated to make my first of hopefully many investments (likely in a LTR). I would be an out of state investor and would work to find a great property manager to help me mana...