David B.
“Live In” Flip Advice!!
14 January 2025 | 10 replies
The primary issue is that building small unit in a single count is some of the most expensive development.In addition, in most jurisdictions the primary unit will become rent controlled (assuming more than 15 years old).
John Reagan Johnson
Switched to a Property Manager
20 January 2025 | 8 replies
A manager will roughly cost $100-$150 a month to take over a unit (it could be more or less in your market) and manage the units.
Steve Englehart
Cashing out IRA to buy rental properties.
3 January 2025 | 45 replies
They could have used that money for much better investments that would have allowed them actual financial freedom.People look at tax deferment as if it is some pot of gold that then dictates their very life.
Augusta Owens
Planning my process
9 January 2025 | 5 replies
Sometimes an $800k 4-unit could be a better return than a $300k 2-unit...or visa versa.
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
19 January 2025 | 8 replies
., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
Josh Buchanan
Any reviews of RentRedi?
19 January 2025 | 51 replies
I currently have 7 rentals units ( two three unit properties, an investment condo and a garage space) Currently I accept many forms of payment including Zelle, Venmo and paper checks.
Brendan Doherty'
Creative primary residence strategies FHA
10 January 2025 | 1 reply
Quote from @Brendan Doherty': I’ve read in books of people getting past having to live in the property they own so they can rent all units year one of ownership(living on the property with an rv).
Makani Donaldson
What is considered a good cash flow?
20 January 2025 | 7 replies
Quote from @Makani Donaldson: Even when the market was great for investors (2012 - 2020), most investors would say good cash flow was $200+ per unit, per month.
Jeremy H Barton
First time Multi-Unit owner-advice and recommendation
23 December 2024 | 3 replies
Hi all, I'm scheduled to close on my first 3 family next month. I'll take any and all advice any of you have, but the two things I'm looking for specifically are: what sites, services, and/or software you use and re...
Sara Valentine
Why am I NOT getting any inquiries on my midterm rental?
16 January 2025 | 10 replies
I’ve had more success filling vacant units by word of mouth/ networking with other agents in my market recently than I have through the typical advertising methods.