Jason Jones
60 unit deal...
Purchase Price $856,000
Renovation Cost $550,000
Total $1,406,000
Q3, 2007 apprasial with quoted repairs $2,000,000
Expenses run 40%, plus vacancy (est. 10%).
Gross income is $330,000
Your thoughts?
Jonathan G.
Deal analysis
So here is a deal I’m putting together. A 36 units, 40 years old, performing C building located in a nice B area in Fort Worth, TX. The complex comprised of 4 buildings. Was wondering how much will you offer for thi...
Don Konipol
Tax Return falsification scam
So I just came across this fraud. Had a loan applicant who owned a motel. Received loan package including last years tax return. Asked for the 2 prior years tax returns, was like pulling teeth. When I finally got ...
Raeshelle C.
Would you take out a business loan as a down payment?
On the mortgage of a n investment property? Here's an example. I found an investment property on loopnet.com and did analyzed the deal as an example. A 5-unit investment property with an asking price of $352K and an a...
Calvin N.
Average Rents in your area
There are often discussions here regarding the "50% rule" for investors. I believe it is a good, conservative rule of thumb. As others have mentioned, though, there are variables in expenses in different parts of th...
Scott Roelofs
Cost Segregation: A Necessity for Every Real Estate Purchase
Most property owners have barely heard of cost segregation, and those who have think of cost segregation as a tax issue. Now forgive me for burying the lead, but for this specific article I will lay out a long-term be...
Darrion Harris
Multi Family
Good evening everyone. My name is Darrion and I'm newbie but I wanted to say thank you to all that has given me advice on real estate. I wanted to get thoughts on this property. It's a 2 multi family unit. The 1 st un...
Bruce Clark
Have a good property but I'm low on cash. Does this deal work?
Property purchase price is $100kTotal monthly Rent is $2,000After all expenses are paid, including management of $200 per month, the cash flow is $600 per month.I found this deal, but due to other pending deals, I do ...
Lucas Allmon
LA house hack and equity vs holding out for the deal
👋 I live in LA and I know this market is a different beast. Currently I live in a great location with a a low market rental price, but I am renting. My wife and I are starting to dig around for deals, though it seems ...
Ronald Hunt
Pros & Cons
Hey BP,I'm an Indianapolis Investor and I have an opportunity to possibly buy a mobile home for $5,500. If I proceed with this deal, it will be my first mobile home purchase to use as a rental unit. My agent and I a...