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17 October 2024 | 9 replies
Additional units will add a HUGE layer of risk that will be accounted for during underwriting with this scenario as you are very clearly purchasing the home in WA with the intention of renting it out for cash flow (that's not a primary residence, but an investment).Personally, I would advise you to do this as a second home transaction, as the second home scenario makes a lot more sense to me from an underwriting/guideline perspective.
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18 October 2024 | 7 replies
When the transaction is initiated, you consider it paid.
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16 October 2024 | 4 replies
When working with Civil Engineering, Is it best to simple pick on firm and go with them, Or is the 3 quote rule in effect at this stage of the process?
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17 October 2024 | 10 replies
Anyone have great experiences with highly efficient, extremely effective PMs in the area?
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16 October 2024 | 5 replies
My CPA requires Quickbooks online and it seems there isn’t an easy way to do the data entry and allocations and keep those two systems inline with all the transactions.
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16 October 2024 | 10 replies
This is the most cost effective strategy if you have a limited budget.
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16 October 2024 | 0 replies
These have been effective across both multifamily and single-family homes, and I thought they might spark some good conversation!
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18 October 2024 | 5 replies
As I've learned more about analyzing properties I have quickly discovered we had to make some changes to our current rents and with changes going into effect next month the property will cash flow around $675/month, we only have about 7 more years on a small lean we have on the building, after that it should cash flow around $1000/month and be paid off with no leans.
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15 October 2024 | 21 replies
I also wouldn't be opposed to using a 203k loan to finance and renovate a multifamily to house hack and rent out (I know it's a lot more work and harder to achieve but I think the potential could definitely make it worth while, especially with the up coming changes going into effect soon).
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15 October 2024 | 3 replies
What methods are you finding most effective, or what are you hoping to try?