Matt Ashton
Auction.com. Does it work for you?
I recently joined and subscribed to Auction.com. I see a few interesting items pop up. Some with buyers premiums, some without. Some online auction with seller reserves and some just an advertisement for the courth...
Jessica Wise
In KC doing it!
3 months of research and self educating, I Making the leap to get started. Here I am in KC this weekend meeting with a few turnkey providers. Excited and nervous at the same time. I brought a friend/coworker with m...
Marco Campos
Analyze my first Apartment Building deal
Looking for feedback on the possible deal below.This property is in a B to B+ Neighborhood.13 Unit $490,000 (loan would be 5.5%, 10 Yr, 25 Yr amortization w/20% down)9- 2 Bdr and 4 1-Bdr (2 bd apts range from $700-750...
Chelsey Hamill
What info is needed to make an offer?
I am using the method from the Rich Dad Poor Dad book the ABC's of real estate investing, for figuring out offer prices. The equations are pretty simple: Income= income-vacancy. NOI=income-expenses.Cap rate = NOI / co...
Derrick U.
Caps in Phoenix are low
Caps in Phoenix are 5-6%. How on earth are you suppose to make money?!
Tom Herzog
Tenant wants out after 3 days
On Friday, I signed a 12 month lease with my tenant. She paid the security deposit and first month's rent. By Monday she called, saying that she didn't want the house anymore and she wants a full refund. Her cited rea...
Carlos Perez
Quickbooks Special Assessment Tracking
Hi, Not sure if the tax forum is the correct section to post this. Its accounting, but eventually about tax.How should Special Assessments be tracked in Quickbooks? And how do I depreciate/tax it?My HOA created a spec...
Anmmar Alsaggaf
4-Plex Analysis Fresno, CA
Dear BP, I have a 4-Plex that grosses $28,880 per year ($2400 x 12) and all units are fully occupied. In order to calculate my overall cap I did the following (annual basis): Gross Income = $28,800Less: Vacancy (5%) =...
Xavier Cabo
Investment requirement questions for private investor
Good morning, I am preparing for an upcoming meeting with a private real estate investor and I compiled a list of questions to better understand his investment requirements so I can present the right deals to him. He ...
Daniel Han
Vetting Potential JV Partners
Hello BP members,I've been a member of BP for a little over a year now but I have yet to jump into investing with partners. I would like to partner with some people but I don't know the best way to do a background che...