Eric Boakye
How do you define cash flow? Rent less PIMI or Rent less PIMI &?
How do you define cash flow? Rent less PIMI, OR, Rent less PIMI and what else. Trying to make sure I do future deals right. Any views will be appreciated.
Shawn S.
Evaluate this Townhouse as well as the HOA concept
We had an offer accepted the other day on a townhouse listed at 45k. It was fully flipped just a couple of years ago and the inside is in great shape. We would be buying from the owner who bought the flip and hav...
Michael Miller
2 Deals: Which is better?
Howdy y'all, I would appreciate some insight into my situation. I have two deals, but I can only finance one.First deal: 4-Unit Building for Buy-and-Hold-28,00 down, 188,000 asking price (about 85-90% market value a...
Chad Collin
Triplex deal analysis
Been looking at small multifamily for a while for buy & hold. Found a CA triplex and ran through the calculator with conservative numbers. It's an older triplex but expecting to renovate and raise rents with tenan...
Chandra Kanth
High cost Special assessment.. what to do
Hi,I own a condo in wi. This building has 40 units. I bought this for 142K in 2006. currently i am renting the condo. Lately the building is having water leak issues and the condo management assessed a special assess...
Festus Edward
Short term rental vs flipping with $20 000
Hello All,
I hope you all had a great week and enjoying your weekend. So I got into a discussion with a fellow at the air port on my way back from NY and wanted to get your thoughts on the question. Basically, this f...
Toby Johnston
Replacement frequency for Arizona AC unit?
Arizona property owners, how often do you expect to replace the AC unit on your rentals? HVAC company says I have a leaking condenser coil and suction line near case coil. They are telling me it's $5,800 to repair (...
Brian Cooke
4-family cashflows, but too high cost based on comps?
4-family under contract for 150k. Comps are a little under that number, but this deal came through MLS and under multiple offers. Inspection showed that there is probably $15k repairs that need made (roof, driveway, w...
James McNight
4-Plex - Over-Appraised??
I am curious what the impact could have of an over-appraisal on a 4-plex. Would Lenders see the 140k contract price and not require a down payment due to all the pre-established equity in the property at time of purch...
Quinton Bogle
Question about LLC setup
Before we start this LLC, Im trying to figure this out without going through a Lawyer. Do anybody know about LLC setup cause its 3 of us and I got 70% how can it be put in writing to were i don't got to ask them for p...