Josh Buchanan
Any reviews of RentRedi?
19 January 2025 | 51 replies
I currently have 7 rentals units ( two three unit properties, an investment condo and a garage space) Currently I accept many forms of payment including Zelle, Venmo and paper checks.
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
19 January 2025 | 8 replies
., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
Alex Moazeni
Teanent stopped me from removing a storage fence
27 January 2025 | 5 replies
Hi.On one of my 4 units there is a small fence on the side of it which is unit c and I have the teanent which has been there for 4 years.
Nick Sette
Back on the horse!
30 January 2025 | 2 replies
I'm still focusing on small multi-families mainly 3-4 units.
Charles Evans
What Paperwork Should I Be Keeping Record Of?
29 January 2025 | 9 replies
@Charles Evans, definitely keep all paperwork associated with your tenant (lease, receipts, etc).For expenses that are not split per unit but are for the entire structure (utilities if not separately metered, mortgage interest, etc), keep a record of those payments so your tax pro can deduct a percentage of them for the unit you're renting.
Eli Jerman
Taxes for 2024 - First rental property purchases in August 2024
31 January 2025 | 11 replies
I am currently living in one of the units and renting the other one.
Rene Hosman
If you had one question for a professional Syndicator, what would it be??
1 February 2025 | 33 replies
I haven't bought anything in over 3 years--instead I've been watching the multifamily market implode mostly from the sidelines, except for the thousand or so units that I still have.
Josh Smith
HOA management in Pigeon Forge
1 February 2025 | 3 replies
I'm looking for some advice/insight on HOA management in the Pigeon Forge/Gaitlinburg area.A little background--I'm the owner of two new construction cabins in a 10-unit PUD in downtown Pigeon Forge.
Vivien Martin
New member from the Chicago area!
18 January 2025 | 17 replies
Regards,VivienHouse hacking a 2-4 unit property is a convenient way to get started and a useful strategy for growing your portfolio!