The market is frothy and cap rates have compressed. I am looking at the prices that large multifamily owners are paying and it makes me scratch my head a little bit. Buying at a five or six cap without much room for a...
I am a newbie at REI and recently have run into issues that are kind of stupid but that I would highly appreciate your input. I recently bought a 2-fam home and rented out one of the apartments (4-1) to a S8 tenant. T...
I am new to running commercial deals and when looking at cap rates and NOI the numbers don't quite make sense.
Example:
Asking price - $1.175m
Cap - 6.36%
NOI - $74,000
Its a 5 unit in Denver, Colorado. I can s...
Hi guys,
I just purchased a home warranty plan for a property that I own as a rental. I think many people here would think this is a terrible idea but I think the benefit is in the nuance so let me explain.
First, h...
Hello fellow BP members!The inventory of the market I am looking to invest in is pretty low. As a result, there is a great deal of cash buyers which makes it difficult for me to be competitive. This is one of the reas...
Hey everyone! I was thinking about the first step that I should take in order to find my first deal, rehab and flip. I know some of you recommend finding a mentor, starting a DM campaign, finding contractors, lenders,...
Based on our prospective applicant's initial contact he quoted 600 as his credit score and in our ad, we stated we were looking for 'good' credit. His credit came out at 530 with other delinquencies, judgement and li...
Hey BP family!  I wanted to reach out to the community to ask I feel like a question that has been asked multiple times by those investors wanting to expand into bigger and higher cash flowing markets. Self storage v...
Hello BP. I currently own a duplex that has separate electric meters for each unit. My unit in which I am living in is a one bedroom one bathroom apt. The other unit us a 3 bed 1 bath apt. with 3 people living in it. ...
What is the general rule on buying investment STR property if you cant normally absorb the mortgage payment forever? I have enough set aside that i could go a little over a year with no rental income. But is it normal...