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My wife and I just purchased our first small apartment complex purchase, 14 units, from an owner who was taking all cash payments from the tenants. Many of the tenants do not have bank accounts and I don't feel safe w...
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Looking for guidance on rural Self Storage facility in 185,600 person county. This property is off the beaten path in a historical town of 2,367Current occupancy is at 92%. Nearest storage facility 12 miles away in an...
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So as I understand, a CAP rate is based on NOI. However, I’ve also been told that CAP rates have to do with risk. Question, why would I want a higher CAP rate if it brings increased risk. For example taking a 6 CAP...
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Hello Investors, I was contacted by a company that runs an assisted living facility / group home in Phoenix, AZ. They want to leave my SFH and use it to run their facility. This is my first time hearing about this and...
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Hello BiggerPockets People, So I'm throwing my self out to the wolves and admitting that I am a total noob who has been reading book after book, non stop podcasts, and soaking in as much information as I can abo...
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I am under contract on a 4 unit and I think I got a pretty good deal. It's not my first property. I had a three unit that I managed myself and did quite well on. We sold it for a really nice profit because we were ...
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Hey guys/gals,I am under contract for my first house in Arkansas and have ran into some trouble with my financing that I hope someone can give me some ideas on what to do. There is a tenant in the house now and his l...
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Hello All!
I just purchased a duplex. This is my first investment property. I don't want to pay for a property management company to manage my property, if I can help it. Below are some of the questions I am currentl...
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Hi there,I have a tenant that I am in the process of evicting due to having two pitbulls. I served him on 7/15 with the hopes of him being out by 8/15 -- he's still not out but I'm giving him until the end of the mon...
Hi there!I'm a software developer based out of San Francisco who has recently become interested in property management. More specifically, I think it might be possible to use technology to build a more modern propert...