@Beatrice Ontiti we most certainly agree that adding new construction in a growth market to your portfolio would be a great next step! 

These numbers suggest this could be a strong buy-and-hold investment, assuming the market supports your rent and expense estimates.Good luck!

Plus is 4% even in line with market cap rates?

I like the idea of a newer 4plex but they just don’t exist in my market.

Make sure the tenants are paying market rent or above, otherwise your loan will be DSCR constrained.

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

I have been investing in the Las Vegas market for a couple years.

On market with motivated seller - negotiated $175k off list price How did you finance this deal?

I wanted to help them out and minimize their loss and saw an opportunity to get a property slightly below market because of my commission savings, immediate mortgage and maintenance relief, in addition to keeping a lower short term interest rate How did you find this deal and how did you negotiate it?

Step 2: Narrow down your "buy box" (are you market-indifferent, are you looking for a certain level of cash flow, etc.).Step 3: Connect with real estate agents and begin making offers!