Jorge Torres
Excited to Connect and Learn!
6 January 2025 | 2 replies
Hi Jorge,It’s exciting that you’re considering a jump into 20+ units!
Marc Shin
What Can I do about sound in a duplex with thin walls?
4 January 2025 | 8 replies
Lastly, check any shared doors or gaps and add door sweeps or weatherstripping to block sound from traveling between the units.
Fernando Martin-Gullans
Help me use my equity to scale my portfolio
10 January 2025 | 3 replies
Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes.
Nadine Wallace
Advice on temporary security cameras during rent-ready repairs on long-term rentals
16 January 2025 | 7 replies
I can see when they're cleaning the pool, cutting the grass, servicing the HVAC unit outside, etc.
Drew Sygit
New Michigan Law: Landlords Can't Discriminate on Tenant Income Source
14 January 2025 | 10 replies
The law does NOT apply to landlords:With less then 5 rental unitsThat live in one unit of a duplex and rent out the other unitThat rent out rooms in the home they occupySo, landlords can no longer state in their rental ads, "Section 8 not accepted".The reverse is also true, "Section 8 only", cannot be used.We've always recommended screening S8 tenants the same way as cash-paying tenants.Landlords waiving application fees and/or security deposits only for S8 prospects may also be violating Fair Housing.
Adam Newman
10% down or 20% down???
19 January 2025 | 3 replies
Call it $25,000 in fees.The downstairs unit will rent out for 2000 a month.
Dave Schimmels
Investment for beginner
15 January 2025 | 6 replies
Investment Info:Small multi-family (2-4 units) buy & hold investment in Piffard.
Scott Trench
2025-2026 Might Be One of the Best Stretches to Purchase Multifamily Since 2010-2011
3 January 2025 | 8 replies
As you know, I sold 3/4 of my portfolio (thousands of units) right before the market tanked in 2022 and I haven't bought anything in over 3 years.
Aaron Wolman
Looking to split utilities for the first time
18 January 2025 | 1 reply
A little more info, I am doing a full cosmetic rehab on one of the units and a lighter one on the other but I am assuming if I am going to split the utilities I should do that prior to any rehab.
Jerry N.
Snow removal SW suburbs
16 January 2025 | 2 replies
In the multi unit buildings I put on lease "Each tenant shares responsibility for removing snow and salting on both walkways and sidewalk infront of property" and I have them initial before we execute lease.