Baron Wheeler
Guidance midterm rentals in south Houston?
16 January 2025 | 7 replies
You can look on websites like https://www.corporatehousingbyowner.com/search/United-States... and https://www.furnishedfinder.com to see what similar houses are rented for.
Luke Tetreault
2 years in, Growing Pains! What's the Strategy?
14 January 2025 | 9 replies
In the past two years we have completed over a dozen flips, We are holding 20 rental units self managed and 2 self managed Air BnBs.
Timothy Finney
New Member from Austin, TX – Excited to Begin My Real Estate Journey
18 January 2025 | 6 replies
Consider using an FHA loan to secure a 1–4 unit property with just 3.5% down and take advantage of tax benefits by living there for at least two years.
Drew Sygit
New Michigan Law: Landlords Can't Discriminate on Tenant Income Source
21 January 2025 | 11 replies
The law does NOT apply to landlords:With less then 5 rental unitsThat live in one unit of a duplex and rent out the other unitThat rent out rooms in the home they occupySo, landlords can no longer state in their rental ads, "Section 8 not accepted".The reverse is also true, "Section 8 only", cannot be used.We've always recommended screening S8 tenants the same way as cash-paying tenants.Landlords waiving application fees and/or security deposits only for S8 prospects may also be violating Fair Housing.
Tayvion Payton
Investing in MultiFamily
12 January 2025 | 20 replies
I would be open to a 3-4 unit, but my ideal sized property would be 10-20 units."
Zhong Zhang
a multifamily investment case analysis
19 January 2025 | 6 replies
Every 12 months you should budget 1 month of vacancy to turn the unit.
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
13 January 2025 | 2 replies
., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
Aaron Wolman
Looking to split utilities for the first time
29 January 2025 | 3 replies
A little more info, I am doing a full cosmetic rehab on one of the units and a lighter one on the other but I am assuming if I am going to split the utilities I should do that prior to any rehab.
Anthony Klemm
New to REI, trying to connect with folks
27 January 2025 | 2 replies
What seems most attractive for now seems to be multi-family markets starting out and eventually moving into 5-20 unit properties for growth.
Kaushik Sarkar
Scaling your portfolio
26 January 2025 | 2 replies
If you do acquire more properties, would you buy more S8 units and would they be in Dallas?