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Need guidance and direction from the experts here. I am looking at a SS facility in GA. Following are the details - - 15000 NRSF - 110 UNITS- 60 Parking Spaces - Physical occupancy - 93% , economic occupancy - 60% - P...
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Am I doing my math wrong? There is a 14 unit in my town listed for 3.6 million and a 30 unit listed for 4.1 million.
Gross rents on the 14 unit are probably 21000 per month or 252000 annually. If I assume 45% of ren...
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Hello,I'm in the process of purchasing a SFH in Memphis but my numbers are calculating an annual loss of almost $1,600/year. Is this a poor investment or am I over estimating expenses? Context: This is a SFH built i...
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Property Description: non-MLS four family property was originally a 7 unit building (approximately 4400 sq ft total between both floors.) that was converted to a 4 unit building. The supposedly owner did a total ...
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I have found a motivated seller, (he is moving to Florida and really wants to tie things up. Houses have been on MLS for 384 days) They are in a decent neighborhood and 4 out of 5 units have been updated. The 5th u...
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After hiring multiple contractors who push the price up and then hire some guy for $10 an hour who actually does the work I am wondering how hard it is to hire those guys directly.This does not apply to electricians a...
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So, I’ve got a pretty good lead on a possible first deal! Would be a long term buy and hold property, now the numbers!
Owner wants:
$25k cash
Or
$2500 down
$250 a month for 10 years
Total cost: $32500
The home is...
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Yesterday my contractor told me I'm paying $1,000 per month to rent a dump trailer for trash outs on our flips. I assume I could save that $1,000 per month rental fee if I just bought a uhaul or dump trailer of my own...
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I have an S-corp that rehabs and I own a few rental properties personally. I turn over my Quickbooks for the S-corp and a spreadsheet for the personal stuff. Its pretty much fill in the blanks for my tax returns. W...
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I'm in attorney review on my first rental (SFR), as a no-money down deal! (I have a private investor willing to finance me on 100% of the purchase price) Very exciting. I have been on BP for a while now and I've ru...