Property TypeUnderstand the different types of multifamily properties:High-Rise: 9+ floors with an elevator, often urban.Mid-Rise: Smaller than high-rise, usually with elevators.Garden-Style: Low-rise apartments in suburban or rural settings.Walk-Up: 4–6 stories without elevators.Manufactured Housing Communities: Mobile home parks where land is leased to homeowners.Special-Purpose Housing:Student Housing: Designed for college students.Senior Housing: Dedicated to older adults.Subsidized Housing: Affordable housing supported by rent and income restrictions.3.

If the market rents do not cover the mortgage, you may do a no ratio DSCR for a higher rate/reduced LTV  Which most likely the 1007 will be nowhere near the revenue generated by a PadSplit operation.

This would depend on if you used a high interest rate hard money loan for the purchase of the property. 

There are several lenders that will lend 80% of the appraised value, but for that high leverage point, most (if not all) lenders will require an appraisal. 

We specialize in helping investors access opportunities in both residential and commercial markets, leveraging our network and industry knowledge to identify high-potential deals.

I would highly recommend Realty One, the realtor Derek helped me solve all the major issues that came up and supported me in running the numbers for different properties.

Also, if you need a quality GC in the Charlotte and surrounding area please reach out!

I would highly recommend moving your tenants to a PM software where you can screen tenants, collect rent, etc. 

Find one that can be custom to your needs, has flexible pricing, no long-term, high-cost memberships, and excellent customer services to determine how to best market to your leads.If you would like a referral code or more information please let me know :)

AB 2622 allows unlicensed professionals to handle jobs under $1,000, such as repairing gates, patching drywall, or fixing leaky faucets—saving you money without sacrificing quality.2.