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19 February 2025 | 4 replies
@Katie Roche - I have never worked with RTR, so I have no opinion or comment on them whatsoever accordingly.However, I find the comments about Harvest, AL made by them to be. . .well, bizarre.60 days to rent in Harvest means that either the property isn't adequately rehabbed and/or not priced accurately.
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3 February 2025 | 6 replies
Start by networking at local meetups and connecting with investors, agents, and property managers.
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6 January 2025 | 4 replies
And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?
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4 February 2025 | 4 replies
Quote from @John McCarthy: Even if the 60-day period has expired, you can still tell your tenants you want them out by the termination date.
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8 February 2025 | 6 replies
Many have pulled out of insuring multifamily properties or only cover up to 4-unit buildings.While Allstate doesn’t have a unit cap, they do cap total coverage at $750K on a landlord policy—which is why I’m exploring options for supplemental coverage.The carrier raised my rate by ~86% on all three properties under this policy.
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4 February 2025 | 2 replies
I do not understand your remark as related to the DSCR loan. 2 ADUs are not allowed by f/f conventional financing but is not always enforced.Fortunately if you stay with the current tenant without a refi, by the time you pay principle it is likely the rent will have increased enough to absorb the increase mortgage payment.
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22 February 2025 | 3 replies
Nearing completion, aiming to finish renovations by year-end and move onto the next deal.
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8 February 2025 | 13 replies
NOTE: an aggressive attorney can still track you down.LEGAL PROTECTION: By placing your assets in an LLC, you legally separate them from your personal assets.
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22 February 2025 | 1 reply
Following the installation of a new water meter, I received a true-up for the previous underbilling.Since the meter replacement, my water usage has increased by approximately 20%, and I am now receiving monthly bills instead of the previous bi-monthly statements.
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22 February 2025 | 4 replies
This deal was brought us off-market by a friend.