Brandon Schlichter
In contract for my 70th rental
And the reason for this post more than anything is to say that since day #1 I was told over and over again not to get into SFD and small multi-family units and get into apartments instead.Equity in properties has grow...
Sam Simaan
Multi Unit Renovation, Am I Overdoing it, or on track?
On my first multi property investment, 6 units in a c class neighborhood, 2 are vacant, one I had evicted before closing as part of the deal, he was 4 months behind, the other moved out, the units all need to updated ...
Emmanuel Murillo
North Atlanta (OTP) SFH rental properties
Hi BP,I'm fairly new to BP and to real estate in general; I've been reading all the material I can get my hands on to get acquainted with the concepts, strategies and deal analysis; my short-term goal is to buy and ho...
Abdul Azeez
What am I doing wrong?
Hello - I saw a homepath property yesterday where they have completely redone the interiors, painted and have a full finished basement. The subject property is a 2 bed, 1.5 bath townhome. I ran the numbers but they do...
Brian Stefanelli
How do you handle poor financial and rent roll data?
I am looking at a four unit and requested the T12 and current rent roll from the agent. What I received in return were lease agreements from 2016 which are month to month and a document called a "financial statement"...
Mark Bradford
On site lock boxes with temporary codes
I thought I have searched BP right but I can't seem to find any discussion about Keyboxes. I've been thinking about putting a keybox at each property for the use of locked out tenants and service workers. I was thinki...
Page Huyette
This REO Triplex doesn't meet 50% rule--but does it still cash flow enough to purchase?
Running the 50% rule shows this vacant REO triplex at a negative cash flow, but when I run a more detailed analysis, it seems fine. I'd appreciate insight on this deal:
Purchase price: 209k max with 25% down
Gross ...
Ali Samana
Need Help! Section 8 Questions.
Hello everyone,
I am looking to buy 2 rental units. My Realtor suggested that i convert them into sec 8 housing, she said I would be able to get more rent for them and have very low vacancies. So, here are my quest...
Michel M.
Multi-family - My Thoughts and Expections.
My goal is pretty simple, if you can call your first real estate investment 'simple', to owner occupy a 4-plex. A cash flow, even if very small or breaking even is my current goal.While I would love to buy and rent ou...
Francis Figueroa
Finding Numbers For Property
Why do you need to pay for a skip tracing service to access property phone numbers? How does one find a phone number associated with a property without paying?