Discretionary spending power continues to dwindle and household debts continue to increase.

But we have an LTR quad that gets $13k/month that was purchased for $775k (using a refi from the duplex STR from above as we had total household income of ~$40k at the time).  

Way more multifamily units (not even counting another 675,000 single family units under construction) than new household formations coming for 2024.Operating expenses, including taxes, insurance, maintenance, etc. are skyrocketing, and likely not all fully absorbed in the average property.And, alternatives that produce more cash flow than a 5% cap rate (average for prime multifamily real estate currently) with less work and less risk, like private lending, short-term treasuries, money market accounts, etc. 

We have our household account and my personal accounts with Columbia Credit Union.

I would first ask what does your Household Budget, Income Statement & Net Worth statement look like?

Have any of you done a utilty split per person in the household?

Hello folks!Today I have an issue I need to leverage the collective wisdom on the BP forums for.I have a terrific tenant (single woman) who recently asked for her boyfriend to move in.  So, I had him fill out an appli...

If you are fairly certain he was the one who flushed the aquarium stones (or another member of the household or one of his invitees) then go ahead and invoice him for the repair bill when you prepare your closing report.

You do know there is a difference between household income and personal income right?

I pre-screen my tenants by saying "Total household income has to be 3x rent, no pets, smokers or evictions."