Used enirely OPM to buy this one, and borrowed money from a family member who is in commercial real estate to do the renovation.

What else can I do in this case to dispute or to make things easy now that I already renovated the apartment.

If you don’t fully understand this you’ve got more education necessary before becoming an investor.4.

Hi all,I am newbie in RE investment and closing a 6 unit multifamily this Friday.

Glad to have you as a part of this awesome community, Simon! 

Mike As @Michael Plaks recommended there are lots of threads on BP discussing this.

Appreciate your thoughts, and I’m looking forward to seeing where this journey leads!

This is a very popular incentive in the city of columbus where tax abatements can lower taxes by 3k a year. on income of 60k for a traditional triplex that we build that would be lowering operating expenses by 10% if you assume approx 40%. it makes a big difference but I was wondering if anyone has actually seen the benenfits over time from holding these properties or investing in similar areas in urban core adjacent through renovations or new construction. there are benefits to selling them obviously but please comment if this applies to you!! 

What made you interested in investing in this type of deal?

Purchase price: $570,000 Cash invested: $30,000 This is my first house hack!