All Forum Posts by: Benjamin Allen

what about duplexes vs. 3 and 4 units are there differences there? or does this work the same up until 5+ units?

I mean I could understand there being several "accommodations" landlords have to abide by when renting out to section 8, SSDI, etc. not that I want to accommodate, but whatever I'm not renting to them, so it shouldn't matter.

I live in the finger lakes region, I have people telling me it's much more of a pain and hussle owning 4 units than duplexes. What are these pains and hassles? They were saying something about yearly inspections and tax issues. Are they right or can I just keep pushing and getting into larger pieces of property. These people say this and yet own 4 units themselves, it's kind of hypocritical don't you think? 

I've done one Mortgage Note deal, One single family home deal, and I'm closing on a duplex hopefully by the end of this month. When can I call myself a serious real estate investor? I'm sorry if this sounds prideful, I'm just curious and I don't want to be arrogant when I haven't done per say a lot of deals. Although I'm thinking regardless of how many deals I've done I still feel cocky and brass for even asking this question. I still definitely would catorgize me as being a newbie investor, but I'm curious how many deals does it take to be considered an average, or even an advanced investor? Is there such a scale, should we even measure our knowledge or seriousness by the number of deals we've done? How do you measure success? Is it subjective or should it be objective? #askbp

Hello, I closed on a single family home in march, now I'm closing on what will be a owner-occupied duplex. I've gone from 29% to 35% debt-to-income ratio. I want to keep buying a house every year, maybe even two a year. I'm 23 years old. My question is really two-fold. First, How do I keep my DTI ratio down while still obtaining properties? Secondly, is there any ways you've (BiggerPockets Community) found in the past that have worked good for you in getting down payments for larger value property for 4 units or even 5 to 50 unit buildings? The bank has told me even when it is owner-occupied the down payment requirement will go up as the unit amount increases. I would like to add also I'm not really interested in getting a partner, I'm not a big fan of them on the basis of everyone having a different opinion or vision of how the company should look like in the future. Although, I may not be opposed to angel investing, depending on how the deal is structured. This Community has helped me out a lot in the past as well as my mentor in the past. I really appreciate all those who have taken the time to give back to society and even their own communities. America wouldn't have been where we are today without you.

Hi Guys, I'm in my 20s I just closed on my first deal, its a single family unit, very excited to do more! I joined the site, because I want to surround myself with people who want to better themselves and I hope I can one day achieve my dream of getting out of the rat race and into the mission field. Thanks for your help and God bless!