How to Estimate Future CapEx Expenses on a Rental Property

Build RealtyReal Estate Investing

(This post is an excerpt of the upcoming Book on Building Wealth Through Rental Property Investing, set for publication by BiggerPockets Publishing on November 5th. Stay tuned for the launch!) Let’s talk about my “Hell House.” I bought it for an incredibly cheap price of just $40,000. What a steal, right? Then I put about $40,000 […] View the full article: … Read More

A Real Life Example That Proves the Importance of Underwriting Multifamily Numbers

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I keep telling you guys: Underwrite your numbers! Look at the trailing financials, sure. Understand broker’s pro forma, sure. But underwrite your numbers… Understand this: It doesn’t matter how much income the previous owner brought in or how much the broker thinks you should be able to bring in. What matters is how much income YOU […] View the full article: … Read More

3 Steps to Get a Proof of Funds Letter for Your Next Multifamily Deal

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We multifamily syndicators have it tough: We’re asked to make stuff happen without having all the resources ourselves (simple things, like money or experience!). So when a broker tells us, “The seller will entertain your offer but only with proof of funds,” we’re stumped because we don’t HAVE the funds because we’re going to raise it […] View the full article: … Read More