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Hello all, we are so excited to close on our first StR/ MTR that will be a complete gut job. The property is a 3/2, in a great family friendly area and very close to a commuter college. It’s in very bad condition righ...
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I am a new investor from California. I am looking at a 9 unit apartment building which is in another state. The asking price for the building is $125K. Total gross rent for the property is $2800. It currently has 100%...
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Here is our current debt selection for spec interim construction loans:
80%- LTC = Roughly 6%, 1 point
85% LTC = Roughly 9%, 2.25 points, 5% profits sharing
90% LTC = Roughly 10%, 2.5 points, 10% profits sharing
95%...
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I'm new to doing social media ads and tactics for my real estate business and I would like to know what works best considering I don't want to hire an advertising agency. Should I only use only a profile? Do I need a ...
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I am VERY late to the game on this one, but does the 2% rule actually work in Chicago in A and B neighborhoods?? If I understand correctly, a $300k property should rent for $6,000/month? This sounds like high ren...
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Is anyone having any significant success purchasing condos as rental properties in South Florida?
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Hello! I am glad I finally joined Bigger Pockets. I like the idea of connecting with other multifamily investors. I hope this is the place to do so! We own 44 units in the greater Lansing Michigan area. We are...
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I wasn't surprised when I stumbled upon an article in my news feed this morning titled "Realtors 'Running out of Money'." It sheds light on two critical issues affecting the industry.Read article here.
Firstly, t...
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How do you handle dogs? If you buy a park and the tenants have "dangerous breeds" how do you handle that? Do you have them sign an indemnification agreement or get rid of the dog. What about mixes that are clearly ...
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For those in the small multifamily space and who are still closing deals in 2024, how many leads are you looking at/week? What's the breakdown between direct-to-seller, through a broker, or other source? Looking to re...