All Forum Posts by: Seth Poston

@Amanda G. Thank you for your response. I did buy the property outright, I just want to get my money back (or at least as much as possible). Thank you for your help!

When is the best time to refinance? I recently purchased a duplex that someone started the rehab and ran out of money. I got a steal on the property, finished the rehab, and I wanted to know the best time to refinance? This is a C+ property and with it currently unoccupied, it looks great. However, I wasn’t sure if it looks better to the bank to have it occupied at a good rent? Thank you for any insight you have.

@Sam Shueh thank you for your response.

Anyone able to help?

I know that many people on this forum believe that a multi family unit should produce a minimum of $100.00 per door and a single family $250.00 per door on a single family. I have a deal in a solid home, all brick, sing family, almost turn key (minus a porch painting party), but the unit will net 80.00 per month. I include 100.00/ month in reserve and 5% vacancy. Do those fees go back to the 250.00 everyone is trying to achieve? I have looked at 40 deals and I cannot get anything in my area to get a full $250.00 after those items are excluded. Just curious what you guys think. Thank you for responding!

I have to reinvest about 1.3 MM from a recent company sale. My question is, should I look to do as many single family and small multi families for the best return (BRRRR) or should I look at doing a deal on an apartment building? I am newer to REI but familiar with the financing behind the small and large deals. I would appreciate any opinions you would share.