
29 November 2024 | 2 replies
You need to demonstrate a substantial investment ($100K+}, a solid business plan indicating your ability to support yourself along with any family members, as well as the projection of hiring US persons within 5 years.

3 December 2024 | 22 replies
I haven't advertised a rental on Craigslist since 2010 and it was full of scammers and other problems back then.It's hard to believe that site ever survived.

28 November 2024 | 23 replies
There's very little support and a lot they can't do.

5 December 2024 | 48 replies
Lets say you get it for 205k but the rents will only support less than half of the expenses or overhead?

5 December 2024 | 37 replies
The goal is to start getting your land-lording processes into place--how will you advertise, how will you screen, how will you collect rent, how will you deal with maintenance, who are you going to use as a lender, what is your process for bookkeeping and taxes.

3 December 2024 | 14 replies
My goal is to scale up over the next few years and add another 10-20 doors.I ran across someone that is saying they are building quadplexes in the same town in Texas as my current rentals there, so I have some support system there.High level this is the idea on the deal:4 units constructed as 2 duplexes on one parcel.1250sqf 3/2/1 units$650k sale price, CME is $820k according to builder, will have a independent CME done if/as I move forward.Rent per unit is $1750 based on the other quad in the developmentBest guess at this point is about $16k/year cash flow at a 9.5% cap rate.Builder is a sister company of a established company in a related industry that has done "some" builds before but not a lot.

3 December 2024 | 15 replies
I see a fixed rate product advertised here on BP but not a HELOC type of product, where you can draw and repay on commercial property.With the DSCR loans, the lender requirements will change from lender to lender.

29 November 2024 | 2 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

26 November 2024 | 1 reply
When you are purchasing a multifamily property, the seller will be advertising the property performs at a certain cap rate.

29 November 2024 | 3 replies
The city also seems to have many improvement plans in place to make the area more walkable and safer for citizens to freely navigate the downtown area and support local business.