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13 January 2025 | 6 replies
(Especially a 2-4 unit.)Do they have friends/relatives/co-workers that would rent rooms from them if they bought a property to show more income?
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13 January 2025 | 14 replies
Start by leveraging what you already have—consider tapping into equity through a HELOC, house hacking again with an FHA loan, or increasing cash flow by converting a unit to a short-term rental.
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17 January 2025 | 14 replies
You can do a DSCR loan easily with anything 1-4 unit residential.
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14 January 2025 | 17 replies
I was also lucky to get someone who I could pay to show a house or open up a unit for a handyman.
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14 January 2025 | 5 replies
Just get on Airbnb and see who are the property managers doing most of the units in the area and search for them on google.
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15 January 2025 | 11 replies
After going through appraisal and all the applications process, they rejected the loans, over how HOA consists of too many investors vs homeowners, I then picked another unit in different community, did the same process, then they rejected the another execuse over HOA, It costs me several months times of refi and I requested the refund of appraisal fee and didn't get this refund.
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13 January 2025 | 6 replies
I recommend starting with turnkey multifamily 2-4 units if you're a beginner.
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12 January 2025 | 1 reply
Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.
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29 January 2025 | 107 replies
The two BRRRRs that are negative is one because of the sewer (could and should have done a sewer inspection) and the other one is negative cause my old PM couldn't find a tenant for the second unit in over 3 months (my new PM filled it in 1 week and no issues ever since).Would it have been better if I was there?
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10 January 2025 | 23 replies
$132,500/unit for 2/1s in Hampton is too much IMO.