
25 December 2024 | 11 replies
If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.

20 December 2024 | 5 replies
They managed to cover the mortgage and still had a comfortable place for family vacations.

22 December 2024 | 5 replies
If you do outsource, some management companies will cover various things like cleaning, supplies, etc. so look into that as well.

26 December 2024 | 9 replies
Covering a significant portion of my mortgage has been a great reward.Solution: My four levels of vetting have helped me find quality room-renters over the last 18 months.I think you already have the answers to your situation.

30 December 2024 | 103 replies
Will rent out the unit we’re leaving which covers about 65% of our new mortgage, if we pocketed it but that stays in the rental fund.

6 January 2025 | 31 replies
We were always juggling who was on the phone.We had at most 2 employees on our payroll at one time, so if one called out sick there was a very good chance we needed to go in and cover.

20 December 2024 | 28 replies
The reality is that insurance will cover your 16-year-old's accident.

24 December 2024 | 9 replies
Home was nice 4 Bed 3Bth under $550K with a decent size lot/yard and it only required 5% down as a New primary.Now I am not sure how big of a home you need but as you can see $100K covers much more in a scenario like that one above.
20 December 2024 | 4 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

20 December 2024 | 7 replies
House hacking lets you live in one unit and rent out the others, which can help cover your mortgage and generate some extra income.