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Results (10,000+)
Sean Michael Making Sense of San Diego Real Estate (Renting and Investing vs Buying)
5 January 2025 | 12 replies
>I'd look to invest in small multi-family 2-4 units with a larger down payment ~50% or more (only way to produce positive cash flow here at the moment) I never understood why one would want to buy cash flow.  
Jennifer Fernéz Help with this deal!
18 January 2025 | 10 replies
@Jennifer Fernéz I run sum numbers for you with our tool, see comments and pics below before refinancing and post refinancing .Financial Breakdown: Purchase Price: $200,000 Mortgage (LTV 80%): $160,000 Interest Rate: 6% (30-Year Amortization) Mortgage Monthly Payment: $959Upfront Costs: Down Payment (20%): $40,000 Closing Costs (3.5%): $7,000 Renovation Costs: $15,000 1 Month of Carrying Costs During Renovation: $1,548Total Upfront Required: $63,548Year One Rent: Monthly Rent Income: $2,000 1 Month Rent Losses during renovations (-$2,000): -$167/month distributed over 12 months Total Rent Income: $22,000 per year => $ 1,833 per monthMonthly Expenses: Mortgage Payment: $959 Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $275 per month Assuming 5% Vacancy: $92 Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $1,676Monthly Net Cash Flow: $157Post-Renovation Refinancing Strategy after 12 months:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate a portion of your initial investment into a mortgage.
Brian A Reed Newbie fired up about REI and getting started in 2025!
5 January 2025 | 2 replies
While I haven’t chosen a specific niche yet, I’m leaning toward purchasing a multi-unit apartment where my 20-year-old son could live and help manage while we rent out the other units—essentially a form of house-hacking.So far, I’ve connected with a few real estate agents and gained MLS access, which has been a great starting point.
Logan Pritchett Creative financing Mobile Home Parks
18 December 2024 | 3 replies
It sounds like you’ve got a great opportunity with these two mobile home parks, especially with the flexibility that seller financing provides.Out of curiosity, what terms did you negotiate for the seller financing?
Account Closed Thoughts on using cash or HELOC for down payment on investment property
7 January 2025 | 1 reply
Hi BP community - I'm an investor with 3 SFHs in the Nashville area looking to acquire my first small multifamily property (2-4 units).I'm trying to determine the best approach for the 25% downpayment, comparing using cash that is currently sitting in a high yield savings account to funds from a HELOC on one of my properties.
Karmine Cramer Hi I'm Karmine!
7 January 2025 | 4 replies
We currently work with out of state investors and provide a full service approach which can be used by in state investors as well.When it comes to investing I'm currently in the process of closing on a partnered 4 Unit in Milwaukee WI.
Damon Albers tenants breaking leases and excessive damage make it hard to be profitable
5 January 2025 | 39 replies
I’m on mobile and in a rush so not looking at your exact houses.  
Qais Attarwala Advice on furnishings and suppliers for Hyatt Park, Columbia multifamily rental
6 January 2025 | 1 reply
I intend to rent out the units by room to college students (does it sound like this would work in this area and what are some general tips/things I should look out for?).
John Lee 22, New to REI and looking to network and ask for advice
7 January 2025 | 20 replies
House hacking might also be worth exploring—buying a duplex or small multi-family property, living in one unit, and renting out the others.
Chris Magistrado Digging Into the Justice Department’s Lawsuit Against Major Landlords
12 January 2025 | 8 replies
The Justice Department, backed by 10 states, claims these landlords—who manage over 1.3 million rental units across 43 states and D.C.