Terry Royce
Evaluating Apartment Building for Wholesale
I am looking at an apartment building to wholesale.
However I am having a tough time of knowing where to start to evaluate it.
The asking price of the building is 250k,
Repairs Needed are 150k
Fully occupied will bri...
Account Closed
Rent my house vs. buying a rental property
I am so confuse and in need of some expert advice...
We owned a house and current on our mortgage. We can rent our house out for $2K per month. Our mortgage is $1500.
Plan A: We move and rent a place fo...
Joel Bowen
Buying SF and MF units under $60,000 cash
My wife and I have really worked hard over the last 18 months to follow our RE Investing dreams. We sat down and figured out our personal finances and we were able to systematically eliminate all of our credit card de...
David McBrayer
Finding money at a good rate?
As a newer Real Estate Investor, I am finding it a little difficult to find some good lending sources at a good rate or fee. Without getting my credit banged over and over. I am sure part of it is me not being as ag...
David Roe
Evaluation of Property
Hello, I'm a newbie but have been studying and learning as much as I can and I came across a deal I haven't seen yet. I would like everyone's opinions. It's in the city next to a historical part of town, lots of ba...
Tyler Flagg
A Very Merry Christmas Closing!
Hello BP world!I bought my first property (thanks to the help of BP) back in April of 2014 in Oklahoma City.First Deal in Oklahoma City!Although I naturally made a number of mistakes throughout the process, I believe ...
Priyanshu Adathakkar
Just Venting, No Skin Off My Back!
Acceptable CAP rate for multifamily properties in Ohio is as follow: Section 8 or any other subsidized housing is minimum 7.5%. For Market rate properties it is 8.5%. Student housing is minimum 6.5%. A good property t...
Francisco B.
Am I setting myself up for success or failure?
Hello all, I am in the process of buying my first multifamily investment property and would like some feedback or advice on my strategy. Can anyone poke a hole in this plan? It looks great on paper but as we all kn...
Winston Parks
House Hack & BRR in Nashville
Hey BPers,
BP and I have an on again and off again relationship as I go large amounts of time not reading and participating... That said, I found BP when I accidentally landed into CRE several years ago and it is an ...
Daniel Yoo
Apartment Multi-Family Deal Analysis For You...
Ok here's the background info:
225 Unit - Class C Property in TX
$535 - 1 bedroom rent, 100 units
$710 - 2 bedroom rent, 125 units
Monthly/Annual Potential (Gross) Re...