@David Bennett I am guilty of being the ‘nice and forgiving landlord’ in this circumstance and letting the behaviour repeat so I’m taking it as a learning lesson that being kind and cordial is always a good thing - cause I really do love the people aspect of owning rentals and providing people a nice safe home to live in - but don’t appreciate being take advantage of :-)

Investment Info:Large multi-family (5+ units) buy & hold investment.

Investment Info:Large multi-family (5+ units) buy & hold investment in Fort Wayne.

However you do it, the goal is to offset your mortgage as much as possible while you live there, you bank that savings for the next purchase and repeat every year or two.

Hey everyone,My friend and I are partnering on a deal in Atlanta where he brings 100% of the up front cash (i.e. 20% down payment and $50K-ish for a rehab) and I find the deal, manage rehab, run numbers, and am the brains of the operation (and I manage the buy/hold on the back end) and assist downstream with refinancing.

I TRIED TO PITCH IT TO FRIENDS AND FAMILY TO BUY AND HOLD, BUT THE INTREST RATES ARE SCARYING OFF MANY POTENTIAL BUYERS.

I spent the next 16 months trying to find more deals to cash flow via buy and hold or BRRRR and couldn't do that as interest rates started to rise.

The most important thing to consider would be that if you're using your HELOC for down payment / renovation costs and holding costs, then the refinance MUST get you all of your cash back to pay the HELOC back to 0.

Things like structure, S Corp ownership versus private, LLC versus S Corp, what’s best for flip versus long term hold, structuring purchases for max depreciation, cost segregation, and things like these. 

I am planning on holding this long term for appreciation.