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8 January 2025 | 11 replies
I’d love to hear your experiences, especially if there were unexpected benefits or challenges.Looking forward to your insights!
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11 January 2025 | 8 replies
That self-sufficiency test is sometimes the killer on 3-4 units, but the conventional 5% down option has benefits too and that's how I got into my first multi-unit househack.
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15 January 2025 | 5 replies
Do they value nicer finishes and design or is that additional cost lost on the typical tenant in that pocket?
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16 January 2025 | 8 replies
.- Tell them they'll have to provide you with a copy of their renter's insurance naming you as additional named insured, with a minimum of (I use $300,000) liability insurance, also before they move into the unit.It's not perfect, but it's a start toward a tenant transparency.
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15 January 2025 | 14 replies
The estimates provided in the book are probably 30-40% lower now, but the real benefit may be in the structure/approach of how to estimate costs.
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8 January 2025 | 7 replies
Small (1700 sqft or less) medium (1701 -1999 sqft) and large (2000 sqft or more)Cost benefit analysis Estimates IF 300+ homes are built over 10 yearsAlot of technical information to say that:- When I start development, i will be going into uncharted territory. - New construction will be comped against other new construction - Start out with enough comps to justify the price point- keep the area tight to consolidate the risk vs building one or two in different parts of the same neighborhood.
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17 January 2025 | 19 replies
Reducing rent sets a precedent and can attract price-sensitive tenants rather than those prioritizing quality.Negotiating renewal terms can make sense if tied to benefits like lease length or tenant stability, but always ensure it aligns with your long-term goals.
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14 January 2025 | 7 replies
After some additional research we have decided to focus on the aforementioned markets, but I will keep you in mind if we decide to look at Columbus more closely in the future.
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12 January 2025 | 7 replies
You would also want to add the LLC entity as an "Additional Insured" party onto the landlord insurance for the property.
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9 January 2025 | 8 replies
Any additional input would be great.