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9 January 2025 | 0 replies
Property TypeUnderstand the different types of multifamily properties:High-Rise: 9+ floors with an elevator, often urban.Mid-Rise: Smaller than high-rise, usually with elevators.Garden-Style: Low-rise apartments in suburban or rural settings.Walk-Up: 4–6 stories without elevators.Manufactured Housing Communities: Mobile home parks where land is leased to homeowners.Special-Purpose Housing:Student Housing: Designed for college students.Senior Housing: Dedicated to older adults.Subsidized Housing: Affordable housing supported by rent and income restrictions.3.
8 January 2025 | 3 replies
These properties appeal to students and low-income renters, especially if traditional housing is limited.
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23 January 2025 | 30 replies
I believe the point of contention with many who were on the OP's case in the older thread was his unwillingness to disclose his role in the promoted projects in his BiggerPockets profile.
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12 January 2025 | 7 replies
A personal liability policy "MAY" extend to one or two rentals but if you are planning on building a portfolio consider the commercial umbrella.Another thing to consider is that the courts frown on carry high personal liability but low business liability when trying to hide behind the vail.
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6 January 2025 | 5 replies
I know this seems low, but the way I see it, this is how much the buyer would potentially walk away with if they posted it on the market and minus all the fees and concessions so I am getting them to that number with none of the hassle and removing the issue of a looming foreclosure.
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7 January 2025 | 22 replies
Down payment of $13K including reserves sounds pretty low to me . ( Based on Maryland )
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12 January 2025 | 12 replies
Depending on your credit score in the US and credit trade line history, you could put as low as 25% down.
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6 January 2025 | 0 replies
Low and behold they just shut down my membership.
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23 January 2025 | 23 replies
Most banks I work with require anyone with over 20% ownership to guarantee the debt but have seen as low as 10%.