@Joshua ChristensenThey were part of our community briefly.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Mortgage lenders will qualify you for a higher purchase amount for multis than they would on a single, because they will count the rent you will be making on the other units as additional qualifying income for your loan application.

We’re particularly interested in purchasing a duplex, triplex, or fourplex, or a property with an ADU to start our investment journey.We look forward to learning from and contributing to this community!

By leveraging shared housing, you can:✅ Lower your initial investment✅ Maximize cash flow✅ Reduce financial risk✅ Make better deals for investorsQuestions for the Community-What's your initial thoughts on the above? 

@Jai Windish Welcome to the Community! 

Even if you take the $250,000 the realtor mentioned it would sell for as your basis that would mean you're looking at an $80k gain: 380,000 - (250,000 + 50,000 improvements) = 80,000Since you want to buy a nicer home for your mom, a 1031 exchange may not be applicable if the new property is intended for personal use, as 1031 exchanges are for investment or business properties only.

.- The management company offers a hands-off approach including coordinating and managing repairs, getting the property rent ready after a move out and placing a tenant from a pool of applicants that may be waiting for a property to be ready.

Happy New Year, BiggerPockets community!

Hey BiggerPockets Community,As we kick off 2025, I’m curious to hear from investors across the board—what strategies are you focusing on this year, where are you implementing them, and why?