I'm an experienced project manager with hundreds of cradle-to-grave efforts under my belt, including building project scopes and budgets, evaluating contract proposals, and managing construction to maintain the delivery of high quality products on-time and in budget.Penny is a licensed clinical social worker (LCSW), serving the community mental health needs of parents, children and families.We both recognize we have an immense opportunity to serve our community and want to capitalize on the blessings we have been provided so that we can continue serving our neighbors.My wife, Penny, and I are looking to transition into commercial multi-family real estate in 2025.

Another thing is the insurance is sent to the bank from your insurance provider and the seller should never be needed as long as the documentation has been completed correctly.This is why you must vet the law and title office you are closing with to make sure they know how to handle these transactions. 

Also a good pm company will provide a P&L every month.

Hey there.Wondering if anyone can provide some advice on what kind of indicators to look for on a neighborhood level.

But bottom line: January rent is due to you provided the tenants were informed of the sale on or prior to closing. 

I want to go the buy-and-hold route, and I am interested in finding a duplex that will provide a steady cash flow, a high appreciation value and does not need renovations.

If multifamily properties in your area are priced well, it might be worth moving forward sooner rather than later.Risk Tolerance: Since you’re the sole provider, it’s crucial to ensure you have a solid emergency fund to cover unforeseen expenses, especially during vacancies or repairs.Long-Term Goals: Think about how this investment fits into your long-term financial goals.

If you want more detailed advice, I can provide it.You BEST option is to contact a bankruptcy attorney and find out your other options.

Tourists, retirees, and seasonal residents provide a steady stream of potential tenants.Lifestyle Perks: Let's not forget the amazing Florida lifestyle!

Multi-family properties many times provide a better return per square foot than single family, which would be to your advantage as well.As long as you're mindful of the reinvestment requirements and purchase at least as much as you sold and use all of the proceeds, you shouldn't have any issues with this strategy.