All Forum Posts by: Ed S.

Thanks for the great idea! @Wayne G., I could but if it was broken I want it fixed to the state it was before or better. If I start covering up things 5 tenants later my units will look like they've been bombed. 

Thanks, they are good tenants and willing to fix it. Just finding out what the norm is since I won't be able to match the door frame since it's an older door. 

Would you charge tenant for a pre-hung vs. a slab since the new slab won't match the old doorway? 

@Albert Bui if you represented yourself would it be standard to have the seller pay you buyer's commission or is this a deal you would have to work out with them?

If you refinance into a conventional (assuming you can) wouldn't you have to come up with the difference in LTV? I'm asking out of curiosity.

Can anyone share some insight on the structure of a typical deal such as borrowing the down-payment?

I have consdered that for the other 15% of the down payment with me puting the 5% down as an owner occupy, this way I don't have to waste $500+ on PMI per month for 10 years. Thank you

About a year or so from this purchase.

debt

Just got into a triplex and planning to use all repair/vacancy/cashflow towards a down payment on a second tri/four plex. Of course if anything pops up I know it would be a tight situation and that's why my second property will be well screened. 

My thought is I will have double the repair/vacancy every month with two properties which can support each other in the event there is a large repair/replacement versus just one property. 

Does this seem feasible?