Investment Info:

Large multi-family (5+ units) buy & hold investment in West Allis.

Purchase price: $294,500

Cash invested: $144,000

This was my first commercial MF and off market deal. My agent ...

If you're still in college and working with an FHA loan, a duplex can be a solid option.

Vendors who partner with Costco pay for market exposure and referrals, which often adds to the final cost passed on to the customer.

It sounds like the issue is with the Debt Service Coverage Ratio (DSCR), which lenders often use to determine how much they’re willing to loan.

I would love to be able to bundle them into 1 loan, but have not found a lender who can loan on a single property under $100k, even when bundled with the other one. 

The foundation was already approved, permitted and finaled years ago for a 3400 sf house, and its solid and I won't be building directly on the overhang edge; but rather back away from the edge a few feet to prevent any load issues all the weight will be on the longer sides of the existing footing.

Here's why:The Multi-State Chess Game:• Client had properties in 3 states• Each state has different deadlines to assess taxes• Federal changes trigger automatic state assessments• Timing the response saved $45K in state taxes🏠 Real Estate Investor Pro Tip:States can't assess back taxes if their statute of limitations expires before federal changes finalize.

I just completed my 20 hour course for my Illinois Mortgage Lending License and the final step is taking the state exam.

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@Kate GranahanHi Kate, we make loans on mixed use properties.