Monica Gonzalez
Newbie - Analysis Tools - No/Low Cost
18 December 2024 | 26 replies
Regarding multifamily properties, there are larger ones available, but in my market, the ones in better neighborhoods aren’t for sale just yet.
Schuyler G.
Which Areas Rent Fastest? Building a Tool to Find Out—Help Needed!
28 December 2024 | 7 replies
If you had priced it 50% higher, it would probably be sitting vacant several months later.We have a property near several low-income apartments.
Damon Albers
tenants breaking leases and excessive damage make it hard to be profitable
5 January 2025 | 39 replies
Damon That's the rub with low income tenants.
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
19 January 2025 | 8 replies
With that low interest rate, you will have paid down a lot of equity in the deal and should be able to finance with a bank.
Kendric Buford
Multifamily Newbie - Tips & Feedback (Out of state/Ohio)
1 January 2025 | 12 replies
If you're gonna spend your money in Cleveland on some cheap properties, you'll want to learn the ins and outs of all of the neighborhoods.
Stefano Vrolijk
First investment property as a foreign citizen
12 January 2025 | 12 replies
I'd be happy to provide some recommendations and suggestions for your situation as a foreign citizen living in Miami.First, it's important to have a good understanding of the local real estate market, including pricing trends and neighborhood dynamics.
Casey Wilson
Advice on strong Detroit Metro areas for rental property investing
17 January 2025 | 5 replies
. - You can get more units in the City of Detroit, but you will need to understand the City's demographics or you'll get taken advantage of.City of Detroit has 183+ residential Neighborhoods.
Vinay M.
What's it been like investing in Columbus? Where should I invest?
19 January 2025 | 10 replies
Yes, you can find a duplex for around $150,000-$200,000 in a C neighborhood here in Columbus.
Alex Messner
Purchasing first home (with debt)
16 January 2025 | 10 replies
I would tell people today that if you buy a primary residence expect to stay in that home for atleast five years, especially with a FHA loan which has lower down payment as the current forecasts for home appreciation or very low which with closing costs on the buy and sell, it will take several years to have equity in the property and enough to be able to sell, so that is something also to consider.
Robert Quiroz
Why are a lot of MFH being sold with rents under market
13 January 2025 | 30 replies
Let's assume that the neighborhood is a C class and the median income of the city is greater than 3X of the market rent.Here are some of the considerations I've come up with so far:- Units are in need of renovation and capex is too high or not available- Unit quality is not the same as market - Seller is worried about losing tenants due to increase- Vacancy rates are high or filling units have been difficult- Rent increase would take multiple increases over multiple lease periods to get to market rate if seller is trying to retain the same tenant- Seller inherited property and just want to liquidate- Seller needs to liquidate quickly (financial burden, sickness, quick exit from land-lording)It seems like I might be missing a warning sign about a deal if they are selling with current rents that are under market; but again, this seems to be most of the properties I've underwritten.And in the same vein, what should I be worried about when purchasing a deal with under market rent with the intention of raising them after purchase.