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Hey, I'm a new investor & I want to concentrate on buying multi family complexes. My credit score is reasonable, but trying to save while having other bills such as a car note & student loans can somewhat impe...
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Hey BP folks,Was hoping I could get some insight into the below deal that I currently have under contract, where we are looking to turn a vacant 27 unit apartment complex (45 beds total) into an assisted living facili...
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I am currently looking at a 15 unit complex sales prices$1,350,000. Net rents (minus 5% vacancies) is $170k expenses are $48k. Cap rate would be about 9%. I am thinking of doing a self directed IRA to pay for the d...
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I've been looking at more deals lately and I don't think it will be too long before I pull the trigger on my first small multi family. This first property is simply to move out from mom and dad and get a roof over my...
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I need professional help with my numbers. Is it a good deal or no?I have all the numbers from 2015.Asking price: 1.6M46 unitsGross income yearly:$292,386.88Total Expenses: $120,887.82Estimated Net income: $171,499.06...
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Hello All,I have gaining a great amount of knowledge from BiggerPockets and as a fairly new investor (9 Months) the biggest problem I have faced is finding a buyer for apartment complex's. We had a gentleman drag us a...
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I am looking at possibly getting into apartment complexes, but with the banks currently tightening up it is making these deals difficult. Who invest in realestate investors who are getting started? Thanks.
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I started investing in residential real estate in 2009 while in college at West Point (USMA). I entered the Army and was able to leverage the equity to grow a small portfolio which I eventually sold off to flip homes ...
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I am in the military and have Florida state residency, but live in CA. I do not have to pay CA income taxes and can file as a Florida resident as long as I am in the military. I want to form an LLC in Delaware to cove...
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Hi, I am new to investing and just have a quick question. I was wondering if building an elderly housing complex was financially worth it. This is something I would like to own further down the road and was also wonde...