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14 January 2025 | 17 replies
That time I was looking at getting 201 S Washington (a 5 unit rental) and S Washington wasn't designated as STR and Gettysburg City said that I had to go thru the process of applying for zoning licence which is followed by a hearing with the neighbors as the jury who would hand me the verdict - yes/no.I like analyzing markets and observing them for a number of months/years.
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16 January 2025 | 11 replies
I think a multi family (2-4) units would again probably be the right type.
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7 January 2025 | 2 replies
What’s your communication style and preferred level of involvement with this deal?
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13 January 2025 | 45 replies
@Sebastien Tinsley Just copy & pasting this from thread I replied to for another young person looking to startWith little experience, it's better that you invest locally vs OOS - unless you want to invest a LOT of time learning another market and networking with th right people.Locally, look for a 2-4 unit property that will qualify for FHA 203(k) financing.- This will allow low down payment and the 203(k) allows repairs to be financed into the purchase mortgage.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.
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10 January 2025 | 6 replies
Look for multis with separate entrances in different areas like one door in front for one unit and a door on the side or back for another.
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8 January 2025 | 6 replies
Then progress to permits and then building.You could also just do it and hope the city doesn't notice, which they probably won't.Your challenge will be getting Certificates of Compliance on the units!
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15 January 2025 | 9 replies
lol not sure what I am getting into this year but always looking. really trying to grow the unit count. i probably won't do a flip.
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31 December 2024 | 3 replies
. - Rents are also a function of supply - 2024 saw the most new construction of multifamily units in American history (nearly 575,000 estimated 2024 deliveries of new multifamily inventory), and 2025, while not a record setting year, will see deliveries top 500,000 again - a huge supply increase.
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9 January 2025 | 2 replies
Investment Info:Large multi-family (5+ units) buy & hold investment in West Allis.
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7 January 2025 | 8 replies
Vitaliy provided some great points about the pros and cons of single family verse multi-unit investing.