All Forum Posts by: Bill E.

is there any advantage to having the property occupied during the appraisal/refi? My thinking is it will appraise higher unoccupied and clean, without tenants having there belongings in the home. Does anyone have insight on this?

Take the information you see on rentometer with a grain of salt. I used it to check rental rates in a number of areas around Pittsburgh. The number on rentometer was always higher than actual numbers after doing more research.

good question, I followed. I think you would have to look at all of the major cap ex items and estimate the life span of them. Then take the total $ and split that up over this estimated time.

thanks for the replies, hopefully someone at BP can chime in and clarify!

Hello, I noticed that with the changes in account prices on BP, that also the plus account no longer will have unlimited calculator usage. My question is if I buy plus before the prices change, will my unlimited calculator use be grandfathered in, or will I have to upgrade to pro for this feature?

I would also like to know this. Also, with the new plans, the only one that gives unlimited calculator use is the most expensive plan. But if I bought plus right now, would that unlimited calculator use be grandfathered in or would I have to buy pro?

I know most commercial multi family buildings are bought under an LLC . I am looking for my first property, who should I contact to set up an LLC just to buy the property? is this necessary or can this just be done later.

You need to run the numbers first to make sure it will cash flow. Do this at different purchase prices and see how it effects your numbers and then you'll know what you're comfortable paying. Definitely look at comps also because as you know prices differ greatly around Pittsburgh depending on the area. Don't over pay and don't be afraid to start low on your offer. Good luck!

Hey BP, can anyone provide a list that has the cap rates of different Pittsburgh PA areas and neighborhoods? if anyone knows where I can find this, I'd greatly appreciate it.

yes Chaz that's what I am planning on doing