Why do you need to sell quickly and take a hit on taxes?

A few years later the boom hit and there wasn't a 4 unit in that city selling for under $1M.

Maybe I should start a new topic about being hit with CGT if I sold a place under a year.

there are some area you can hit 2%, not many not in warzones but it can be done. they may not appreciate as much &, yes, many banks have a minimum # to do a loan. in my area, I'll never achieve 2%, and the way things are going up lately, buy & hold may be on the way out to flipping.

Then you hit mortgage #2 with all of the above, plus the increased cash flow from #1 due to having paid it off, and so the snowball picks up speed.What I like about this is that you don't wind up with so many properties that managing them is a pain in the rear/expensive.

Unfortunately we are switching a LOT of policies from a dear friend (broker of 25 yrs) because of these issues.Local investors have also found that many Ins Co's review your Credit as well, inflating the premiums accordingly.In fact we had one investor couple (BK 7 yrs ago) get hit by NYCM with a $2400 premium for a duplex.???

You'd want it to be 1k/unit to hit the 2% rule, but I'm guessing it's much closer to half that.

I was hoping there would be a way to hit her credit report to warn other landlords of her tactics.

David,They are referring to the updated on your dashboard which you will find when you hit the home icon.

@Chris Martin hit the nail on the head when he said that most lenders will not allow you to assign the contract.As to finding the market value.