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3 January 2025 | 12 replies
FHA has a self-sufficiency rule that makes it difficult unless you put A TON OF MONEY down.
4 January 2025 | 5 replies
Try interviewing at least three managers.1.
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9 January 2025 | 12 replies
Here’s how we handle applications:Income Verification: We require proof of income that’s at least three times the monthly rent, verified through six recent pay stubs and a detailed employment verification process.
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2 January 2025 | 32 replies
I own a portfolio of 35 units worth just under $4 million and I find that the analysis, projections and valuation tools DealCheck provides are sufficient for me to make investment decisions.
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5 January 2025 | 33 replies
This is largely because I can typically get higher rents in B and A-class neighborhoods without relying on Section 8.I’d recommend focusing your search on C and C+ neighborhoods, for both multi-family and single-family homes with more than three bedrooms.
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31 December 2024 | 0 replies
Purchased for $139,999 using a mix of cash and hard money, we revamped it with modern updates, including a new kitchen, flooring, and fresh paint.The property rented for three years, generating steady cash flow of $450/month.
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26 December 2024 | 9 replies
If a family with kids values D+ then the probably already have it, so providing smart TVs where they can log into their subscription is sufficient.
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14 January 2025 | 9 replies
Very good Don I have had all three.1.
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8 January 2025 | 11 replies
I currently have a three bedroom with no garage or basement on a very small lot.
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29 December 2024 | 0 replies
Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000