Hi. I recently bought a triplex for $235,000. It is fully rented and each unit rents for $725. This is my first rental property and I'm not sure how rentals should look. I mean I fixed it up to where all safety issues...
There have been a small group of folks warning of the GTA's runway condominium market for a few years, but we are now seeing more concern being voiced in the places once cheerleaders for Toronto the infallible.Just la...
Hi there,
I was recently looking at an FHA owner occupied mortgage for 1-4 units. My lender said that we could count 75% of the rental income towards income towards my debt to income ratio.
However, I recently cam...
Hey guys, been lurking on BP for a couple years. My partners and I (3 of us) are based in Miami FL (not the easiest market at the moment) we are all realtors / brokers and investors, each have 20+ years of experience ...
Perhaps you currently work a 9-to-5 job that’s wearing you down, and you’re looking for an escape. Perhaps you’re tired of the long commutes and don’t want to miss any more of your son’s baseball games. Perhaps you’re...
We have a 52,000 sq ft shopping center with retail and medical on the first floor, and second floor has professional and medical tenants. We have a chiropractor tenant upstairs who has been in the center over 20 years...
After a period of low interest rates that fueled housing market, the Federal Reserve is meeting on March 14-15 with the stated goal to raise the benchmark interest rates from near zero. Many are saying that this will ...
I have done a about a dozen residential flips this last year, some I intended to hold but due to market (Tampa suburbs) prices rose fast and I had a chance to get out of some class C / D properties with some good prof...
I was just having a casual conversation with a couple of realtors an office manager and one of thier vendors and these guys think I'm a conspiracy theorist based on what we talk about here everyday.
I mean I'm sighti...
Hey everyone!
What IRR returns do you target when looking at acquiring an existing multi family property? Let's assume it's a class B property, 10 units, you plan to gut-renovate it, and then lease it out for 4 more ...