I have been analyzing a 10 unit apartment building. I found it through a traditional broker not a comercial broker. Seller is providing scanty records such as no Rent Roll or detailed expenses. I have submitted an off...
It's official folks! After a little over a month, we finally posted our first AirBnb listing in Portsmouth, VA using one of the units in our quadplex. We are open for business starting tomorrow. My wife and I are expe...
Hi Everyone,I have a potential deal on my hands. I am trying to be detail oriented in my due diligence so that I can make a informed decision. I currently own a 3 and 4 family house but would like to make a transiti...
BP,I am looking at a deal in a college town with an enrollment of about 12,000 people & a population of about 25,000 people. What are peoples thoughts on investing in college/university towns? IMO, our education s...
I have always been interested in rental properties but have limited funds and want to start small. Does anyone know any good books on the subject or have any tips? Any feedback is much appreciated!Thanks!
Hi BP Carebears!My girlfriend and I are looking into buying the first of many income properties. We'll be taking it slow to start by doing the House Hack technique, but we would like to eventually build a nice portfol...
I’ve just completed the rehab on a property and started taking rental applications. I’ve received an application via Zillow (with their credit/background check), and received what appears to be a very qualified applic...
I just had a prospective tenant tell me that he would want to pre-pay the yearly rental fee in cash upfront because "that is just the way he does business." My gut tells me that this is a red flag. I would still scr...
Hello BP, Something has came to mine and my partners attention a day or two ago and were just looking for either help or advice! We have gotten in contact with the owners of a 36 unit apartment complex. (18, 2 beds 1 ...
I'm new to this, so I apologize in advance if I miss something basic. I'm just trying to understand the best way to value a commercial property. I just read an entire book that talked about CAP rates, and now I'm fi...