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24 January 2025 | 37 replies
What are all of you seeing as far as tenants, and paying rents?
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2 February 2025 | 6 replies
Hence the idea of a couple more properties, however, with much more units than I currently have per building.
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29 January 2025 | 10 replies
Since it sounds like you have strong W2 income and would probably be okay paying the mortgage sometimes, I'd even explore a 5-10% down payment option.
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20 February 2025 | 7 replies
Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.
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21 February 2025 | 12 replies
I'd suggest focusing on your goal to purchase another multi-family, or single-family home where you can charge travel nurses per room/bed monthly rent.
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21 January 2025 | 4 replies
The tenant fails to pay their last month's rent and leaves the place needing new flooring and paint.
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23 January 2025 | 1 reply
The most important rule is to have the cash flow of the new property be able to pay all its expenses, mortgage, AND the line of credit back.
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3 February 2025 | 32 replies
If you have a lot of liquidity and a great paying W2 and can support your rentals, focus on appreciation/equity.
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23 January 2025 | 10 replies
My guess is that you will pay less per month with multifamily than a single family. 7.