All Forum Posts by: Dorian Guin

@Richard Sherman one unit recently vacated and needs renovations and the other unit same scenario but has a tenant scheduled to move in just after the holidays. As far as comparable SFH comps this is Detroit and it's a interesting market unlike many others right now due to so many circumstances. I think to sum it up with the building being priced at 215k I thinks it's a great price in comparison especially since there is current cash flow.

@Tasia Larri I intended to start with house hacking multi families but do to my circumstances it wouldn’t work with the space we needed for my children. So I did another house hacking technique moving into one of my own homes that I would’ve made less money on renting it out, in comparison to where I was paying rent at. Now things come full circle and I’m excited to be back looking at multi families

@Richard Sherman inspection are higher in comparison to SFH but that was expected. It's currently 75% occupied (6 units) and also after looking through the financials I observed one frequent tenant falling behind on rent often and another falling short twice over the last 12 months. Nothing else special is needed outside the normal here.

Hello, I’m a 27 year old novice in terms of multi family investing. Currently own 4 single family rentals with no mortgage on any properties. I’ve found a great 8 unit property I want to make an offer on, and need as much insight and advice as possible prior to stepping outside my comfort zone.