Changseok Kim
How to connect with property manager
Hello,I am living in kalamazoo, MI, and I am looking for my first potential investment property. I spotted a couple of houses that I think may be decent deals. I want to check with local property managers to verify ho...
Christopher Hui
Putting in my first offer
Hey BP! It's been almost a month since I've first joined the community and started to learn about the business. I've been researching multiple multi-family properties, typically triplexes, and one just came on the mar...
Brandon Sturgill
10-Unit Multifamily Acquisition
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $260,000
Cash invested: $56,000
This is our latest acquisition of a C-class, 10-unit, 7,000+sq. ft. mu...
Alain R.
Forming My Property Management LLC for liability and asset protection.
I own under my name over a dozen rental properties (with loans) in Florida which I effectively manage from Europe without an issue. While I have HO6 insurance on them, I am considering creating a My Property Managemen...
Account Closed
Tax assessed values on commercial/residental properties
How do tax assessed values on commercial/residential properties go up or down?I'm looking at a commercial property that has been assessed at the same amount, $94,400, since 2007. It's a 5 unit property in a decent nei...
Wayne Courreges III
CREI Partners Blog: What are Cash on Cash Returns?
There are two primary financial metrics when evaluating a multi-family investment opportunity. The first is Cash on Cash (CoC) and the other is Internal Rate of Return (IRR). Most non-real estate investors will seek t...
Amir B.
Investing in Apartment Complex
Hi Guys,I have been on BP for a year and a half now. My wife and I currently own two SFH rentals in Sacramento and Parma. We stopped making offers on SFH/MFH because of offers kept on getting rejected (Parma/Lakewood)...
Andrew Sol
Syndication Sponsor Shenanigans
My Dad is currently invested in a few syndicated multifamily deals, and one of them is stabilized and ready to market. Instead of selling it, the sponsor has decided to "recapitalize the property with new equity and d...
Diana Walcott
MHP NOI for Future Refinance or Sale
I have a question for experienced MHP investors. Many parks I'm finding are majority, if not all, POHs. If I were to buy one of these MHPs and transition it to mostly TOHs, my NOI drops significantly, therefore when I...
David L.
Mom-and-Pop Owned Unit in Newly Sold MF Complex
Multi-family investors, I put a single condo unit under contract to buy, within a 200+ unit complex that has about 80% of the units owned by an LLC, which they operate as apartments. Days after securing the contract ...