Steven Barr
Raising rents calculation - expert opinion needed
Ex: $2,000,000 15 unit apartment with gross income of $270,000. NOI after 40% expenses is $162,000. Cashflow after debt service of $120,000 is $42,000. Cap rate is about 8% in this example. CoC return is 8.4% (assumin...
Sonu Sharma
Recurring Foundation Problem
We have a 1957 built house which had foundation problems when we bought the house in 2016. The house had a crack all the way on one side of the house - stretching from living room, dining, kitchen and bedroom. Our con...
Steven Jaszcz
Recommendations in Michigan Multifamily
What's up Bigger Pockets community!!My name is Steven Jaszcz and I'm from Traverse City, MI. I'm looking to get started in syndicating apartments (30 units+). I have become extremely good at analyzing and can confiden...
Garreton Smith
Commercial Stabilized Rent New York City
Hi BP Fam,I'm looking at a 6 unit apartment building that is rent stabilized. I'm not knowledgable in this space I was told to connect with a commercial attorney. I was curious to know with the purchase of this proper...
Orlando Jordan
How to present a deal to an investor
I always here that you should find the deal first and then the money will follow. The problem I have is I don't want to tie a deal up and then not be able to perform on the purchase. I am not big on numbers but I can ...
Ben Leary
How can I find investors?
I came up with the idea to buy a storage unit building and rent out the units. I haven’t found a specific property yet but briefly spent some time looking at facilities. Larger storage unit buildings typically sell fo...
Kweku Ako-adjei
Private lending and Dodd-Frank
Hello BP'ers, I have a question about raising private money and how that works with Dodd-Frank now. I've done a few deals now and I'm looking to raise some private money from some friends and family. What are the rul...
Robert F.
Closing a sale with tenants already in place
I will be closing on my first duplex at the end of this month. Tenants are in both units. Rents are too low. I plan on raising rent for upstairs unit from 750-1000. I've done my research and feel that this is slightly...
Jacob Mason
Raising Capital to fund deals
Does anyone have good tips on raising capital in Toledo oh ?
Grace Galang
Buying property with undermarket rent
Hi everyone. I wanted to ask your expert opinions and I appreciate it very much. My husband and I have bought few properties that are either new or turn key. We’ve been trying to buy MFH but scared of possible headac...