All Forum Posts by: Adam Philpot

Does anyone invest in class c properties? It seems to be all I see hit the market in my area. Can you share the pros and cons? What’s expected expenses with these?

Not helpful. Anyone else have any thoughts?

Thanks, John. It’s about a mile from an area gentrifying with lots of shops and restaurants. I think if I price the rehab into my offer I can slowly rehab units and improve the caliber of renters. Any thoughts about that approach?

Evening BP’ers, Does anyone have any experience with c class multi units? I found an 18 unit in an area starting to gentrify. Is it fair to assume 25% of gross rents should be set aside for expenses and cap ex? Maybe more? Thanks in advance

Evening BP’ers, Does anyone have any experience trying to find commercial tenants for your buildings? What’s your approach? Thanks

Thanks Frank! Really helpful advice. I definitely wouldn’t know the ends and outs of the contract process out the gate. Any recommendations on how to learn quickly?

Thanks! Honestly my main goal is to find the lowest fee possible because I’m only looking to accomplish 2 things 1.) access to MLS and be able to quickly modify my searches And 2) be able to forego my commission on properties when I make an offer to make my offer more competitive

Evening BP’ers, Which brokers (remax, crye leike, berkshire, etc...) have the lowest monthly fees on agents? Is there one that doesn’t take much of your commission? Thanks

Jay Hinrichs that’s for the quick reply. Finding a deal in Nash is hard right now so looking anywhere I can. What’s an expired listing?

Thank you. I went to the courthouse auction a few weeks back to see how the process works. I noticed the property I went there to see didn’t go to auction so I’m understanding what you mean to look at many properties. I’m focusing on 2nd tier markets in hopes to have a fighting chance against the big guys. If there is any specific steps/training/experts to talk to that you can recommend if greatly appreciate your guidance.