Christopher Heidrich
Stuck in analysis paralysis and in the Military
27 January 2025 | 3 replies
Thanks to everything I’ve learned from the podcasts, books, and this community, my wife and I currently own:A triplex in MaineA single-family rental in San AntonioA single-family primary residence in Las Cruces, NM, which will become a rental when we move in a few monthsFor context, I’m an active-duty Army officer with about 12 years left until retirement, and my wife works for a university in Boston.
Ivan Castanon
I need to change strategies. What should I do?
30 January 2025 | 25 replies
What other ways can I invest in RE in the current market.
Larissa Leeper
Flipper… ready for rentals!
20 January 2025 | 17 replies
Just for fun, I attached the before and current state photos of my current flip.
Denise Evans
Tenant Estoppel Letters
27 January 2025 | 1 reply
The signing parties are "stopped" from saying anything different after they sign the letter.Each Tenant Estoppel Letter states the attached copy of the tenant lease is accurate and was signed by the tenant, there are no other written or verbal agreements, the tenant has paid rent through a certain date, and there is no prepaid rent other than the current month.
Raqia Bethea
Am I overthinking
24 January 2025 | 6 replies
Anyhow, thanks for your reply and to answer your question no, currently I do not have anything else going on that will help.
Micah Cook
Going from SFH to MF commercial real estate
30 January 2025 | 4 replies
I currently have a portfolio of SFH in Indiana and will always jump on a good deal for a SFH but I have been considering scaling up into multifamily commercial real estate (apartments, etc.)
Pranita Maldikar
[Calc Review] Help me analyze this deal
30 January 2025 | 4 replies
I am looking at different loan options but to break even (not having to put any money of my own in the house after the initial down payment) the current down payment required is that much.
Abraham Garza
1acre with 4 manufactured homes for rent is it a good deal? Newbie
21 January 2025 | 1 reply
I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?
Kaushik Sarkar
Scaling your portfolio
26 January 2025 | 2 replies
Quote from @Kaushik Sarkar: I’m exploring strategies to scale my real estate portfolio given the current mortgage rate Not sure much makes sense at 11%...Ouch....tough enough at 7.5% Might have to put more than 20% down to finance....maybe 30% in North Texas.
Tony Schwartz
Property Valuation Analysis
27 January 2025 | 1 reply
Does anyone have a "program" or formula to use to establish a reasonable list price based on current income and expenses.