Allen Claussen
Apartment building near a college
My wife and I are looking into buying a 13-unit apartment building near a college. Every way I put numbers in from the BP calculators, it comes out great. The building looks great but has been on the market for almost...
Daniel C.
Trying to find financing for additional property purchase in NYC
I'm posting this question on behalf of a friend who is trying to buy his next property but is being denied financing some banks / lenders.He purchased 3 properties over the course several years before 2008 in Brooklyn...
Tom Kuhen
Does a house need to have a garage?
Recently, a mentor of mine did a flip in Lakewood and the property didn't have a garage or pad. He had both constructed (2 car), but said he didn't get much out of it as far as ROI is concerned. It seems that most hou...
Account Closed
Large Multifamily Acquisition - 236 Units
Investment Info:
Large multi-family (5+ units) commercial investment investment in Lubbock.
Contributors:
Tracy Hubbard
236 Units / Class B / Value-Add
What made you interested in i...
Fredrick Hock
Condo Insurance: is it necessary?
Hello,I recently put in an offer for a condo that I plan to rent out to tenants (I will not live there), and would like to know if I need to purchase condo HO6 insurance since the HOA provides an "all-in" master polic...
Ali Barca
Construction loan for a triplex and 2 ADUs
Hello, so I've been looking around trying to find a bank that would do a construction loan on a triplex, I paid for the land, it's zoned right and I've got the builder and is now in the design phase. Banks are asking ...
Kim Handelman
Condo Rental - Call me crazy but I don't see a downside!
I can hear the gasps as I sit here and type. I'm currently wholesaling to raise capitol to invest in buy and hold and I've noticed this weird little niche market here in CT. Wondering if anyone could weigh in on wheth...
Kyle Gillespie
First Multifamily Negotiations, help evaluating a deal
I am in negotiations for my first multifamily deal, it is a 12 unit brick apartment complex built in 1950 in rural Washington state (same town as I have another healthcare business in) current owners have done a good ...
Taylor Green
How much should I change my accepted offer for recently unoccupied units?
Hi,
I have had my first offer accepted on a 6 unit (2 tax parcel) "fully leased" property. After my original offer was accepted, the seller informed me that two tenants are moving out in 4 weeks. I wasn't abl...
Jack Forester
400%+ Rent increase
Does this one belong to anyone here? http://abc13.com/realestate/man-fights-eviction-after-400-percent-rent-increase/1401148/What's the most you've increased rent?