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Results (10,000+)
Jason V. Would you use a DSCR to scale today?
8 August 2024 | 4 replies
Assuming I find another multifamily that would cash flow, how would you all finance the deal.
Martin Yip Toll So Approved for a loan. Let's see if any lenders here can beat this rate!
10 August 2024 | 14 replies
Stuart I have been with my commercial banker now since 1993.. started with a little 100k  LOC to buy timber and within 8 years I was the largest borrower at that bank at about 15 mil.. ( small community bank)  but we fought through the GFC together I had to start over and my banker kept one last  1mil LOC open for me so I could operate and since those dark says of 2010 he has gone on to fund 5 subdivisions for me  300 plus homes and 100 plus million in loans and this is based on relationship 100%..
Orlundo Hubbard Who's Doing Deals In Columbia, SC?
9 August 2024 | 0 replies
I was searching through some of the data and noticed that there are people from New York and more expensive cities moving there (which I would assume will drive up market prices). 
Marcos De la Cruz What cap rate, etc should I aim for?
8 August 2024 | 4 replies
For a duplex that you're renovating and potentially BRRRR'ing I would look to target to get 80%+ of my cash back on the refinance and then cash flow a bit less - maybe $100-$150 per door.  
Shari Azama Just bought my first home (to live in)! What's the next best move?
12 August 2024 | 15 replies
I do have one house hacking client where I sold his condo and then helped him buy a larger townhouse where he can do forced appreciation through rehab (which worked out really well.)I went from a house hacking condo, used a HELOC and then did the FHA 203(k) to a house and built an ADU.Because of the rental restrictions, it might make sense to sell at some point since profits up to $250K is tax free and scale up that way. 
Calvin Pringles Investing in SFH vs MF in St. Petersburg and Tampa
8 August 2024 | 28 replies
I would agree and much rather buy a single family with a two car garage to value add for cash flow if the city allows. 
Dennis S. New Investor - Cash vs. Leverage for Duplexes (US Market TBD)
10 August 2024 | 10 replies
It all comes down to creating equity as fast and safely as you can, and covering the operations (cash flow).If a fourplex has more opportunity, great, if it's a duplex great.
Alex Cardaniuc Managing friend's property
9 August 2024 | 5 replies
I have another one under remodeling that I plan to do as a short term rental (no experience yet, but this house is next door to my home).I have a dedicated website that I maintain myself where I publish the details, applications etc, also list it on zillow and do the screening through mysmartmove.
Sweta Jain Is business bank account needed for rental income
10 August 2024 | 8 replies
I called WF and they said for business account I need a registered business like LLC etc which I do not have.I would go a step further and set up 1 Bank account for each property, this way at the end of the year you can go through each properties bank accounts to see what the income and expenses were. 
Stan Minkinow Looking into developing a "Tiny Home" / RV Park Community
8 August 2024 | 4 replies
Start investing in cash flowing properties, like duplexes, triplexes and quadplexes.Thanks,Dustin