Account Closed
Things to ask Seller of multifamily
Hello All, I am trying to purchase a 5 unit in PA. I had requested the following information from the seller.1) Annual property operating data for the last 12 months.2) Current rent roll3) Past rent roll for 12 months...
Account Closed
Legalities of renting to self / Rent expense definition
So I recently heard an attorney go at it with a tax liability guru on this an figured I get some additional insights from some 'experts' on here. Here is the gist of the issue....An investor decides to 'rent' a proper...
Dominic Richardson
Is this a good opportunity or no?
I am looking at a mobile home park that has (5) mobile homes on it. Current cash flow is $557/MO - Cap Rate 6.9% and COC 18%.Does this sound like a great opportunity? Looking for some feedback and thoughts. Thank you ...
Amanda Hensley
Why are park-owned mobile homes generally not desirable?
I must be missing something - is it the additional maintenance/expense component of managing rentals?
Latif A.
What to do after first purchase
Hello all, I purchased a sfh in San Diego with a VA loan for 335,000. This was before i wanted to be a rental property owner, and was intended for me to live in. I now live in Germany, with mother in law because we ha...
Ibrahim Hughes
Valuing using CAP rates & IE sheets
Greetings everyone:
When analyzing commercial property and I receive the income and expense sheet from the realtor or owner, it rarely includes the vacancy rates and management fee. Should I include this (3-5% for va...
Ali Knox
First Investment Property Deal Analysis - Nashville
Hey everyone,I have been listening to BP for about 6 months now , and am new to real estate investing. I have been eager to get involved in it for a while and think I might have found a deal that will work. It is a 2 ...
Ronnie Sparrow
Seller wants to sell Auto Shop, Now What?
I have an owner of a auto shop who wants to sell the building. I have now experience in commercial property so I need help in doing my due diligence before a make an offer. I would want to wholesale this property...
Rob Beland
Massachusetts Residential Property Utility Sub-metering for Natural Gas Heat
Hey allI'm looking to see if any landlords in Massachusetts have gone through the process of submetering heat (natural gas). I have a property with one boiler and one gas meter with six zones each with its own thermos...
Dexter McCalla
Need Advice On Next Move
First off I would like to thank everyone in the BP community for everything that you do, your help is greatly appreciated.
With that being said, I need some input on how I should begin my approach to fund my next po...