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4 October 2024 | 8 replies
Cue the dramatic music and a small single woman racing through the night with her dogs and cats, in pouring rain and unbelievable wind.
4 October 2024 | 26 replies
Do they prefer to work with smaller PMs or larger PMs?
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3 October 2024 | 3 replies
They're usually a larger fund and can sometimes afford to pay more.
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2 October 2024 | 4 replies
The main issues are: 1. gross revenue has been less than half the projections the PM initially provided and what is on AirDNA, and 2. gross revenue has dropped 30% from last year to this year despite me investing over $125K in improvements (new pool, new fire pit, new landscaping, new dog yard).
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5 October 2024 | 17 replies
So this is a tricky thing.Accountant's / CPA / Professionals who get paid based on their knowledge and time normally do provide a 'free consulting' call to have a chat with them.However, please be mindful that the 'free consulting' most firms offer is very high level and moreso to see if you both would be a good fit for eachother.Sometimes, these calls are done by the owner(if its a smaller firm) or business development professionals if the firm is larger.1800-Accountants is a large firm so you are likely first vetted by a non accountant whose main job is to get the sale.Best of luck.
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4 October 2024 | 39 replies
Ohio and Pennsylvania have lots of older small multifamily that I do think is very suitable to house hack - sometimes you can buy a place with a studio or 1 BR that also has a 3 BR or a 4 BR, you live in the smaller unit and you rent out the larger unit.
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2 October 2024 | 6 replies
If you have that much equity, perhaps a $1.5-$2M would make sense, but I assume that would be a larger property with more doors.
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1 October 2024 | 3 replies
I started with a tri plex, met Jake and then started buying larger deals.The key is to treat real estate as a business.
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4 October 2024 | 10 replies
That said, if the property you're attempting to finance is materially larger than the properties you currently operate (IE - you're trying to finance a 30 unit building, but have only operated a series of 4-plexes to date), then sometimes this rule gets thrown out the window and you'll still be subject to the "Limited Multifamily Experience Sponsor" re-sizing parameters.
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2 October 2024 | 2 replies
Popular neighborhoods include Lakewood and Casa View, but larger multifamily properties can be expensive.