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8 January 2025 | 14 replies
I've seen banks be very competitive with blanket loans that cover multiple properties and/or multi-family properties, e.g. 5+ units.Mortgage Brokers (obviously I'm biased) - Brokers have the ability to work with all of the above and can get you to the best lender for your scenario right away instead of having you waste your time with the wrong type of lender.
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18 February 2025 | 9 replies
@Ngozi IwunzeOne way to avoid capital gains is to turn the flip into a rental after the rehab and then do a 1031 exchange into a more expensive property.
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20 February 2025 | 25 replies
Typically if no one bids on the property, they will initiate a price reduction on it.
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26 February 2025 | 8 replies
You can watch closely to see if it is something you would like to do on future properties.
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22 February 2025 | 0 replies
We also have relatively low expenses (personal expenses, mortgage/escrow on other rental property, and escrow on current property) that are around ~$120k/year.
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13 January 2025 | 17 replies
Yup, property condition, vintage, neighborhood, tenant base, property management are all very important considerations.
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26 February 2025 | 3 replies
I’m planning to purchase a 3–5 unit multifamily property in the Decatur, GA area by September 2025 or 2026.
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22 February 2025 | 1 reply
Hi everyone,I’m exploring a unique development opportunity involving my property and neighboring parcels, and I’d love some advice on how to move forward.My neighbor is currently in the process of building 54 townhomes on the property directly in front of mine.
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19 February 2025 | 13 replies
Vacant properties are targets.
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24 February 2025 | 3 replies
I’m under contract on my 1st property in CLE, the shaker heights area, which I’m very excited about BUT I’ve heard so many contractor horror stories.