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2 January 2025 | 10 replies
I dealt with this exact scenario last week with one of my tenants in a multi-family.Most often, tenants and neighbors are timid and not wanting to call the police.
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1 February 2025 | 56 replies
The implication that anyone who pays for college education, or works at a 9 -5 job is stupid Keep in mind it seems most guru's also lived in their moms garage and were broke until they found this super secrect system that they are now willing to share with you for the low low price of :)
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5 January 2025 | 13 replies
I started with multifamily but price expectations have gotten out of control.Just refinanced my multi-tenant retail property and pulled out much more cash than I put in.
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29 December 2024 | 24 replies
Turning over management via a triple net lease is a great way to lock in superior cash flow thru a 15%+ long term lease.Self managing is easy money with tech and systems.
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21 December 2024 | 2 replies
Separate HVAC systems are a good idea too—makes things easier for tenants and utility billing.I’d also recommend talking to a contractor or local utility company about what’s needed for separate power meters and mailboxes.
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29 December 2024 | 5 replies
I'd seriously consider finding a new PM who has better systems in place for handling these situations.
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1 January 2025 | 7 replies
Multi Family is much more heavy on the income numbers.
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27 December 2024 | 4 replies
Our systems have caught people using SSNs from deceased people or the SSN indicates they are 2-3 decades older than their driver license birth date.
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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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31 December 2024 | 11 replies
@Dwayne RoweWe did a consolidation loan through a commercial banker (basically a multi-property DSCR loan) where we took out one loan that paid off 5 higher interest rate properties, and took out cash as well at the same time.