Dane Tortalita
Advice for underperforming 130 unit Apartment complex
Hello BP friends, I'm in over my head for a new investor. I found myself involved in helping out a property owner with his 130 unit apartment complex. I have identified mostly that his management is a huge part of why...
Matthew Grebeta
Let me know what you think
Alright guys let me know what you think. This is a property in a flood zone (AE) 1st question: that will make or break it. Can you rent out an apartment downstairs if it is legally within the BFE. This is a 3/2 upstai...
Lucy Smi
Help me analyze this property
I just found a 3-unit rental one block away from a college in a Class B/C neighborhood. Asking price: $380kRent: unit 1 $1200 tenant occupied , unit 2 $1200 currently empty, unit 3 $800 tenant occupied. Concerns: Unit...
Andrew Boerum
Can't Live in My "Primary Residence"
Hey all! Just signed up today!! I have been studying investing in the stock market, and in real estate, relentlessly, for the last six months. I read though "Investing in Real Estate with No Money Down" (shoutout Bigg...
Arthur Botting
How can I estimate what it the land is worth?
I found an ugly house on a lot a lot that's zoned R2. The house is a tear down but the upside is that 2 units can be built on the lot How do I estimate what I should offer the owner for the lot? How can I estima...
Ben Wilson
Accounting for Chicago Heating Expenses
I'm looking to purchase and live in a small multi-unit property in Chicago, and I would be interested in gaining some input on how to estimate and account for the expense of heating in the winter. Obviously this will...
Aaron Carter
Hubzu Closing - title company
I have a property under contract through Hubzu. I have seen many people recommend using your own title company rather than theirs. However, my father is an attorney and would assist me through the process for free....
David Thompson
BRRRR on 4plex question
Im about to make an offer on my first 4 plex. Im planning on rehabbing the entire property. Currently 3 units are rented. What do you do about tenants during a rehab? Do you evict them? Do you give them first offer af...
John Gillum
I have questions about manufactured homes.
So i am looking into a piece of land near my home. I thought about taking an acre of it and putting 2 double-wides on it. I was just curious if anyone out there had experience with these because I'm concerned about de...
Matt Herbert
Capex, Opex, NOI and more
I'm trying to understand how capex reserves factor into NOI, Cap Rate, Debt Service Ratio, and other metrics. Lets assume the following yearly numbers for a Single Family Residence (these numbers are made up, try not ...