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2 February 2025 | 0 replies
Investment Info:Small multi-family (2-4 units) buy & hold investment.
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8 February 2025 | 5 replies
You can qualify for lower down payment loans, and after a year you can move out, keep the same loan terms and convert the unit you vacated into a rental.thank you!
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4 February 2025 | 3 replies
So when I tried to list it, the first unit on Zillow would show as "100 Example St." and then when I tried to list the next unit I had to put in a unit number so I tried to put "101 Example St." but on Zillow that would show as "100 Road St.
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3 February 2025 | 3 replies
It was a learning experience but I made it work in the end.Mine was a 5 unit commercial building that needed a gut renovation, similar to yours.
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3 February 2025 | 6 replies
If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.
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7 February 2025 | 2 replies
There is a 22 unit Boutique hotel owned by a couple in a town of about 2500 people.
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6 February 2025 | 7 replies
Do NOT set up 1 account for multiple units.
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6 February 2025 | 4 replies
If you have a 20 year timeline, I'd probably recommend B areas closer to the city or in the better school districts in the suburbs for the highest combined ROI over that time period.Right now you can expect to find decently turnkey multis for about $60-$125k/unit usually all at least hitting the 1% rule in that range.
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23 January 2025 | 31 replies
However, this will be brutal for Non-EU countries including the United States.
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28 January 2025 | 16 replies
I live on the main unit.