Alex Henige
Negative NOI on Coastal California Triplex
28 June 2023 | 10 replies
.- If we move out and all 5 units are rented, in their current state with current mortgages, the properties would still cashflow over $1500/m as a portfolio whole.- We do have incomes that allow us to offset the negative cash flow and do have a reserve fund for both properties that cover unexpected maintenance, capex, and vacancies.Our goals in the next few years:- Refinance rate to the 4-5% range for Triplex (our lender allows us to recalibrate our interest rate based on base rates for an $800 fee).- This would drop PITI and allow for the property to break even/cash flow with monthly payments.- This would allow our portfolio to cashflow upwards of $2500-$3000/m if we were moved out of all units.- We would then use that to round into another property that we would then move into.- There is the potential as well to increase principal paydown through the excess profits from my company, allowing for a lower monthly payment.I guess I’m seeing what other investors’ strategies are for markets that don’t quite have cash flow yet but are trying to buy in, even if they don’t have cash flow at first.Is this even a strategy investors are implementing at the moment in order to get into properties that may be able to be acquired at a “discount”, or are we a very small minority of people who are pursuing a path like this?
Manas M.
Compensating tenant for broken refrigerator
12 November 2021 | 43 replies
Originally posted by @Mary M.:As
Lindsey Simpson
Lease Option 101: How Does it Work?
2 January 2019 | 49 replies
@Guy M. as CSM (RET), you should use a photo out of uniform for your unofficial online business activities.
Brandon Komp
contractors in Kansas City
20 July 2018 | 4 replies
If I hear you burn them, hassle them, pay late, disrespect them, or try to low ball them - they will walk and no mas referrals.
Brock Hoffman
What tips do you have for keeping operating expenses low
27 June 2023 | 9 replies
Do you have space for a x-mas tree lot in Nov and Dec?
David Yu
RSO Duplex - Current Tenant
3 November 2022 | 8 replies
Quote from @Greg M.: As you might be aware, the laws in CA are rapidly changing and changing in favor of tenants.
Britt M.
HUD Homes
17 December 2015 | 25 replies
@Britt M. - As @Brandon Turner mentioned, I've bought and sold around a dozen HUD's over the past year or two.
Aaron T.
What percent are you using for maintenance, vacancy, PM, etc???
20 December 2018 | 130 replies
@Sharad M. As
Ryan Spearman
Where should I buy a multi-family for $1.6M?
16 December 2022 | 49 replies
The more units the better, you can use your 1.6 M as a downpayment, Creative is the way to go !