All Forum Posts by: Lisa Misuraca

I just went with Honeycomb Google them. Saved 1/3 from Foremost and better coverage.

Anyone know of a good insurance co. for multi-family.Using Safeco now.

Have you thought about a multi family rehab purchase and live in one unit.Add value and move to the next one to build up your cash.Or a house hack to live in add value and move on to the next.

What’s usually done in this situation is you’ll have to do renovations one by one as the leases expire.Or you can offer cash for keys.

@Lisa Misuraca

Wrong numbers on cash flow should be 484.00 and 411.00

3/2 1071 house and enclosed 2 car carport not vented for AC or heat.Tucson Az good east side neighborhood all similar homes.

Purchase 158,000

Hard Money cost 7900

Rent ready. 6000

Expense total 171,9O0

Best case appraisal and new loan. 220,000.            Expected.     200,000

Down payment                          44,000                                        40,000

Loan                                       160,000                                      176,000

Rent income.  1400.00 month

Loan payment. 799.00                                                              726.000

Tax insurance 190.                                                                   190.

Cash flow        989.                                                                 916.

Could you sub-lease or Airbnb the apartment.Would you qualify for the loan with the expense of the apartment?

Can you afford both? Pay the expense of the apartment upfront if you have the funds and move into the duplex.

I’d say if the utilities for the duplex are in your name your living there.Negotiate your way out of the lease with your landlord.

We usually start with the dumpster. Take out all the bad, lighting, ceiling fans,switch plates,towel rods,shower surround,tubs,carpet,flooring.Then remove walls usually open up the kitchen trying to fit in an island or bar. Update the floor plan. How bad are the windows and interior doors.Order new windows and doors, can you paint the doors?When you gut kitchens and baths be sure to replace the water valves so you won’t have any leaks.Update mechanicals add AC if it’s just swamp.If washer and dryer are located outside try to find somewhere inside to put them.Hows the roof do repairs and re-coat.Learn from others go view other flips similar to yours and see what’s they’ve done.

Good Luck!

@Robert Hosmer

Call My son your schoolmate Mario Misuraca he’ll coach you through it all.548-0478

Give me the address or show pictures.Whats the square footage.Are they 1/1 studios or what.I’ll need more information. We’ve flipped about 14 and I’ve kept some as rentals for a bit. Have a rehabbed triplex 2/1s  paid 130,000 valued at 270,000 ish now.Currently getting $ 2300.00 a month.Semi active at this point always lookin.