Joel Bechtel
Seeking Advice on DIC and Excess & Surplus Coverage for 7-Unit Property
8 February 2025 | 6 replies
Many have pulled out of insuring multifamily properties or only cover up to 4-unit buildings.While Allstate doesn’t have a unit cap, they do cap total coverage at $750K on a landlord policy—which is why I’m exploring options for supplemental coverage.The carrier raised my rate by ~86% on all three properties under this policy.
Felicia Vinces
What makes a good seller financed deal?
28 January 2025 | 3 replies
I'm looking at monthly cost to seller vs. anticipated rental income, purchase price relevant to the ARV of the area and interest rate, balloon, etc.
Alan Asriants
Why BRRRR is not an effective strategy today...
31 January 2025 | 44 replies
Fortunately at my rate they have some cash flow and good appreciation.The rates make it rare that the brrrr is the best option available.
Brett Baker
On water or off? Best value for ROI
5 February 2025 | 8 replies
Hey @Brett Baker, generally, any place with a great water view or directly on the water will bring more revenue.Of course profitability will all be based on purchase price and prevailing nightly rates in the area.If you find a cool 2/2 or 3/2 right on the water with a great view for 1.5m or a 2/2 or 3/2 house a block away for 600k, then I would look at the house over the condo.
Melanie Baldridge
My opinion: 401K VS RE
22 January 2025 | 8 replies
Control and Flexibility: With an SDIRA, you're not limited to stocks, bonds, or mutual funds.
Robert Adams
2 Bed Condo > Converted to 3 Bed and Remodeled = Sold for Record Price for a Profit!
2 February 2025 | 1 reply
I provided a free rent back for 2 weeks so the seller could get her funds and relocate.
Kwanza P.
STRs , Hotels or Glamping in Canada & Mexico
5 February 2025 | 4 replies
That moratorium is supposed to be temporary.Mind you, while the US used to have (some of the) lowest interest rates in the world for the last 15 years, this is no longer the case and the US actually has some of the highest interest rates in the world nowadays and that doesn't look to change any time soon.
Jonathan Small
50% Rule vs DSCR > which do you use to calculate a good rental
7 February 2025 | 5 replies
Considering a rate buydown on a DSCR loan?
Martin Manning
How Does One Pull Comps For Apartments, Multiunits, and Offic Buildings?
2 February 2025 | 8 replies
So, comps can help with figuring out local cap rates, then you need the income from the property to determine a value.
Ryan Johnston
Should I sell or keep my long-term rental when it isn't cash flowing?? Please HELP
7 February 2025 | 22 replies
So, what is happening today is not as important as what will happen in the foreseeable future.If rents are increasing faster than inflation (I use 5% per year as an average rate), then it may be worth holding the property, since your cash flow will increase as rents rise.However, in your post you stated, "Mortgage rates have kept increasing as well, that's why I put a range on negative cash flow."