Matthew Shay
Relationship between Cap Rate and Price/Unit
Can anyone comment on the relationship between cap rate and price per unit? I would think the higher the cap rate the lower the price/unit. I am looking at the 2019 forecast in the Berkadia Report and it is showing a ...
James Friery
Need advise on this 21 unit pocket listing
Hi all!I'm currently looking at a pocket listing in Troy, NY. The current owner is shopping it around for 1.35m (7cap) and the proforma numbers are as followed: ANNUALIZED INCOMEActual MarketGross Potential Rent $191,...
Steve DellaPelle
Stuck In A Mess - Illegal Subletters, Please Help!
Here is my situation.
October 2020, Tenant A moved in.
Approx. April 2021, Tenant A sublets her apartment ILLEGALLY to Tenant B (no landlord approval, lease clearly states it's illegal to sublet).
No rent is given ...
Jason Malabute
HOW I GOT STARTED (DESPITE OBSTACLES)
My mentor gave me an assignment to write a micro-blog about how I got started in real estate. I have been sitting in my chair for half an hour trying to think of the perfect way to start telling you guys the story of ...
Scott Isley
Understanding Nashville Sub markets better?
Hi all,
I'm looking to find some apartment buildings to invest in the Nashville area.
From what I understand the following areas are hot now:
Gulch
West End
German Town
Williamso...
Adam Heseltine
How to safely show a tenant occupied rental property - ?
Would love to hear how the BP landlord community is showing houses right now that are in markets with very high demand. My property is tenant occupied and will not be vacant until Aug 15th. I would like to get a ren...
Junaid Khan
Financing a 9-unit Apartment Building in Minneapolis
Hello all, this is my first post here at BiggerPockets, so I appreciate any advice and/or criticism you have to offer.My wife and I have bought and sold 2 properties for profit in the last couple years and we are curr...
Nick B.
10% economic vacany - is it sustainable in the long term?
Hello BP,I have reviewed many potential apartment deals marketed by different sponsors. While all of them were unique, most of them had one thing in common: they were underwritten for 10% economic vacancy (or less!) s...
Scott Choppin
Apartment Financial Underwriting - Part 1 of a 2 Part Series
In a few recent conversations with different folks, it has come up how they are calculating financial performance on multi-family projects. I feel the need to write an article on this, since in many of these conversat...
Shea Munion
Need flooring material recommendations
I need to replace about 2,000 sq ft of flooring with a grey hardwood look. I need your help choosing material and supplier. Hardwood and engineered hardwood are attractive for resale value and longevity. Engineered Vi...