All Forum Posts by: Julie N.

Investors pay 25% down payment on non-owner occupant multi-family homes.

Get your own license so you don’t have to go through an Agent.

@Cara Lonsdale I would call the water company and find out what the procedure is for getting the pipe back installed and find out who's responsible for that cost.  Just factor it into your rehab costs and you should be good.

I’ve seen the water company disconnect the pipe at the street when the house was winterized. It was a vacant short sale listing I had. You’ll have to call the water company or the town to see what’s going on.

My town has a housing office and they set their rates at market rates. That being said, I live in an upscale town- but my rental houses are average, smaller in size and without luxuries (granite etc). I can get higher rents if I rent to sect 8 since private pay tenants want more luxuries for the same rental amounts (they want more for their money).

I am allowed 2 loans from my 401 during the lifetime of the plan. One choice is a loan for a primary residence, payable over 30 yrs- 50k max. The second is a personal loan, 50k max and payable over 5 years. There are no penalties since this is a loan and not a withdraw. If you don’t end up paying it back, then You are hit with penalties. I figured I might as well use it to invest in alternative retirement assets.

Any real estate deals - even off market deals have to go through my broker since the Brokerage hold my license and I’m conducting real estate business. I pay him a percentage of what my commission would have been, if I was going to earn one (even though I don’t with off market properties).

Multi-family vote for your first home- owner occupied for 3.5% down. Get as many units as you can afford up to 4 units.

On to the next. There’s always something better around the corner.

Good long term tenants are hard to find. I would vote to keep them and maybe do a smaller raise increase that they can afford.