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30 July 2024 | 8 replies
Its nice to want to go after larger multifamily properties but if you have no experience with them, you are not gonna get the money unless you have a friend or family member or a very large downpayment.
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30 July 2024 | 10 replies
No one can make you want to own 100's of doors and manage a large real estate portfolio.
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30 July 2024 | 13 replies
Larger banks are normally better for SBA loans, because they have more personnel and can have someone specialize.
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29 July 2024 | 7 replies
That always makes it so much harder to rent, or secure a great tenant.Here's my standard go to list now for long term rental updates:-LVP that looks like wide plank white oak-Ultra Pure white on all the walls-Vertical/ modern stack backsplashes and showers-Pop of color on the cabinets (pop of color can include black too)-Butcher block countertops (lower end) or white quartz countertops (higher end)-Modern light fixtures in brushed brassKeep it neutral still but a couple of style choices with the light fixtures (which are cheap) and it will appeal to the masses.Good luck!
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31 July 2024 | 34 replies
Bigger properties can be more challenging to rent as MTRs @Matt Mertz but then again, there are entire strategies within the MTR niche that specifically target larger properties.
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30 July 2024 | 4 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
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31 July 2024 | 15 replies
Even if you can only add an additional $50/month you will get a larger tenant pool to choose from with the W/D in the unit.
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30 July 2024 | 8 replies
My general approach to under-market rent is to do larger than normal incremental increases.
31 July 2024 | 20 replies
I am not sure, as a larger portfolio and our software connections the way we get paid sometimes varies.
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30 July 2024 | 3 replies
. $425k) to purchase a 12-unit Apartment ($1.5M) with 25% down ($375k from the HELOC).The remaining $50k from the HELOC could go into fixing/rehab of the 12-units.Then cash-refinance the larger amount from the 12-units to pay off the HELOC in one lump-sum (as much as possible), then using the cash flow from the apartment to pay off the rest of the HELOC.Repeat the process with a new apartment.1) Does this make sense?