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17 January 2025 | 6 replies
These platforms typically have billing policies where you pay a per unit fee per month to the software and you get regular updates and support each month.There are a number of low-cost platforms available that are able to offer you a lower price by passing along some of the costs to your tenants (payment processing fees, applications, tenant screening, etc).
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13 January 2025 | 30 replies
I base my rents on the condition of the unit and the competition.
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7 January 2025 | 2 replies
For example, the stairway is not level and you would have to scrap the house and rebuild to live here.
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16 January 2025 | 7 replies
I can see when they're cleaning the pool, cutting the grass, servicing the HVAC unit outside, etc.
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16 January 2025 | 3 replies
Hi David, How many units is the Multi-Family?
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19 January 2025 | 7 replies
You will get some of these as well (This inquiry was for one of my 1500 SF 2 Bed + home office units)..... but by no means does this investment strategy warrant paying for a course.
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9 January 2025 | 21 replies
Multi-family units and investing for equity are my focuses to start, unless anyone has any other suggestions?
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20 January 2025 | 9 replies
Hi @Rachelle BertumenI live and work in the Truckee/Lake Tahoe area and personally own two long-term multifamily units in Reno.
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13 January 2025 | 2 replies
., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
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13 January 2025 | 11 replies
I recommend you make a video of you entering the unit and documenting exactly how it is found.