Eliot M.
Mobile Home Park Valuation once and for all
Frank Rolfe says: MHP value = Lot rent per month x # of units x 60 or 70Laura Cochran says: MHP value = (Lot rent x 12 x # units)/19% or higherBasic real estate common sense says: MHP value = NOI x market multiple (o...
Brian Zaug
Can I evict with partial rent payment?
So this duplex I have is rented with section 8 tenants. I received a call the other day, as well as a letter, from the Sect. 8 dept. saying that my tenants voucher has been reduced from $1100 (full rent) to $800 d...
Dan O'Neill
Question on management fees
Looking for some perspective on management fee. Some background: I toured a 15 unit property with a pm rep and the company worked up a budget for the property based on something similar they manage. The budget has ...
Account Closed
Day 1: 24 Unit Apartment Complex Deal Analysis near Austin
Hey Everyone, my goal is to analyze at least 1 MFH deal a day for the next 30 days. For Today's Deal, I am analyzing a 24 unit complex I found on Loop Net (Address: 11519 Pecan Creek Pky). Below are the details:Ask Pr...
Ken Nyczaj
First inspection on first flip
I wanted to repost this as our Plumbing Inspection is today. Looking for any further advice. Thank you.The plan is to fix and flip the house which requires about $70,000 in repairs. Majority of the repairs coming fro...
Brad McAuley
Student Rentals
Well I'm new to this site. I've had a couple rental properties in the past and it was a hot and cold experience. Sold the rentals 7 or 8 years ago. Lost a little on one and made a little on the other. Anyway I am cons...
Timothy W.
Avoid having property managers be your rehabbers.
I thought about putting this in the landlording forum, but the general lesson here really is important for landlords, flippers and anyone who works with a property that will need repairs (i.e. most of us).
This isn't...
Andrew Fidler
Bank foreclosed on the parcel with house but not the side yard with driveway???
I'm hoping someone can provide some precedence or experience with a foreclosed property I'm in process of buying in Toledo.
The house USED to be one owner, who owned two adjacent parcels...a North lot with the house ...
Bryce Robbins
Cash-flowing property
Hey BP community,
My wife and I came across a property really close by to us that will be a great buy-and-hold investment in Atlanta. It is a two level home that currently has 7 tenants in it and will conti...
Mark Devereaux
1st multi-family deal. Advice?
I'm new to this site, first post.
I'm looking for opinions on a deal I have just began to pursue.
24 unit
12- 1 BR
12- 2 BR
6- 4 unit buildings
Tennants pay heat/elec
Landlord water/sewer
3.25 acres
asking $720,...