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3 December 2024 | 14 replies
My goal is to scale up over the next few years and add another 10-20 doors.I ran across someone that is saying they are building quadplexes in the same town in Texas as my current rentals there, so I have some support system there.High level this is the idea on the deal:4 units constructed as 2 duplexes on one parcel.1250sqf 3/2/1 units$650k sale price, CME is $820k according to builder, will have a independent CME done if/as I move forward.Rent per unit is $1750 based on the other quad in the developmentBest guess at this point is about $16k/year cash flow at a 9.5% cap rate.Builder is a sister company of a established company in a related industry that has done "some" builds before but not a lot.
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1 December 2024 | 13 replies
If you've lived in your town or city for 5 or 10 or 20 years, you will know things about it I can never know and thus you have a distinct advantage over me when it comes to investing - you know what a good price is, what a bad neighborhood is, what house looks good on paper but is underneath the airport flight path, and so on.
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1 December 2024 | 25 replies
Would you consider that town a "B" place or a "C" place?
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4 December 2024 | 18 replies
I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.
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28 November 2024 | 8 replies
In a small town, like the one featured, you don't have a growing population, so where is new demand coming from?
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1 December 2024 | 134 replies
Consider a scenario where a person owns a house valued at, for instance, $100,000, and they owe the town $40,000.
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26 November 2024 | 9 replies
The towns you're targeting—Rochester, Dover, Farmington, and Milton—offer great potential, especially for flipping and buy-and-hold multifamily investments.
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27 November 2024 | 6 replies
@Dean GulloTo build connections in Southington and surrounding areas, join local real estate meetups, connect through BiggerPockets forums, get involved with local landlord associations, reach out to real estate professionals, attend town or community events, and expand your team.
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26 November 2024 | 1 reply
This is a new requirement from the town (which we were not aware of) and while we have detectors in there now, they are not connected between the two sides.
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26 November 2024 | 9 replies
If so, you will likely get caught when it goes up on Furnished Finder by someone, and you will also have insurance issues and potential town issues.