All Forum Posts by: Kailas Tare

I several SFHs as LTRs and I use reihub. Spend 5 min everyday to reconcile transactions to schedule E Categories and upload receipts. Reihub gives me everything I need to generate schedule E at year end. I use this enter data into TurboTax and there goes my tax accounting. It can also generate cash flow, p and l statements, income statements. Am I missing something? 

When deciding which market segment to target in real estate—whether it's multifamily (MF) properties or single-family homes (SFH)—it's crucial to consider the dynamics of the competitive landscape and your own financial position.

In general, multifamily properties are a popular choice for investors because they offer the potential for cash flow, scalability, and the ability to amortize debt across multiple units. However investors are often able to outbid others for multifamily properties due to their ability to make cash offers, which gives them a significant competitive advantage. Cash offers are often particularly appealing to sellers because they eliminate the uncertainties that come with financing, such as loan approval or appraisal issues. As a result, competing against seasoned investors in the multifamily space can be challenging, especially for newcomers or those with less capital to deploy.

On the other hand, single-family homes (SFH) are typically the go-to choice for primary homebuyers, who are not always as cash-rich as investors but can still secure financing through conventional loans. This is where the strategy of offering a higher down payment—like 25%—can make a big difference. A 25% down payment is not only attractive to sellers but can also help you stand out in a market where many buyers are putting down smaller amounts (e.g., 5% to 20%). Sellers often favor buyers who can make larger down payments, as it indicates stronger financial backing and reduces the risk of the deal falling through due to financing issues.

Additionally, SFH properties are more accessible to a wider range of buyers, including first-time homebuyers and families, which can lead to less direct competition from institutional investors. Unlike multifamily properties, SFHs are typically less appealing to large-scale investors who are focused on rental income and higher-density units. This means there may be less competition from professional investors, especially in areas where the demand for owner-occupied homes is strong.

In short, if you are just entering the real estate market and don’t yet have the capital to compete directly with investors for multifamily properties, focusing on single-family homes could be a more strategic choice. By offering a larger down payment, you can position yourself as a more attractive buyer and avoid some of the challenges associated with competing in the more investor-heavy multifamily market. Over time, as you gain more experience and capital, you can consider expanding into multifamily properties once you've built up a solid foundation in real estate investing.

For someone who is self managing a portfolio of rentals, any recommendation for bookkeeping books? I use REI Hub where all my accounts are connected and I categorize income, expenses etc. Most of the time the categorization is simple enough and I can do myself.

Hi, I am evaluating to buy an SFR which has an ADU. First floor 2 bed 1 bath and ADU is on top floor with its own kitchen, 2 bed and 1 bath.

My question is can I have two tenants (two separate leases) one for main house and other for the ADU?

Won’t this be same as multi family duplex? 

Hello, I am looking for an Eviction Attorney in Massachusetts for non-payment of rent. 

Brandon, is it Milford Massachusetts? 

I have signed contract for SFR on a vacant property. Owner does not live in house and it's currently empty. Purchase and sale is signed. I have to only wait for bank to complete the closing formalities, but I am confident that closing will go smoothly (my DTI, closing funds and property purchased 15% below market - all positive points). My question is is there a proper and safe way to utilize this wait period and start a paint work before closing. This will allow me to start renting it immediately after closing. I understand in the worst case I might lose $$ spent on paint rehab. But is this something investors do?

I am in a situation where I am looking for some advice. I took a HELOC on my primary home few years back from bank #1. Earlier this year I took another HELOC from bank #2 and during the application I disclosed about first HELOC. Bank #2 said they will payoff the balance on 1st and transfer that on new HELOC. This is all done but now my HELOC in bank #1 is still active.

I thought bank #2 will somehow tell bank #1 to close the line of credit. However this has not happened. My question is shall I continue to use both HELOC lines or is it somehow not legal?