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5 June 2024 | 274 replies
The problem is that once HUD removed the appraised value from their listings, properties started to sell for prices way beyond profitable levels.
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4 June 2024 | 2 replies
I may be able to put together another multi unit.
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2 June 2024 | 112 replies
MF were 5kish per unit, now, 45- 70k per unit, and good luck finding one.
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4 June 2024 | 5 replies
If you're talking about a 250 unit+ deal, busiest will always be the first day/week of the month.
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3 June 2024 | 4 replies
HI Stephanie,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.
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4 June 2024 | 13 replies
Also id like to section 8 tenants as well Focus on buying your first unit - you are putting the cart before the horse and do not know what you do not know.
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4 June 2024 | 15 replies
We have 40 units over seven different properties.
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1 June 2024 | 3 replies
This is my first post on BiggerPockets after reading some intro level real estate investment books.
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2 June 2024 | 2 replies
Seems that someone who is VPBD would not be at this level of detail - but I don’t know how they work.In my research I found:(1) MW506AE is the application for exemption the comptrollers need regarding a 1031x, and needs to be sent in 21 days prior to closing.(2) MW506NRS is the withholding exemption.I think my CPA will handle #2 but #1 is essentially the main form in the whole timeline.I understand what these forms are and would like to get a title company that is also versed in them and not guess what needs to be done.My QI already said they will not fill it out and I guess doesn’t have all the information required for it.
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4 June 2024 | 6 replies
A good rule of thumb is to plan on spending approx $10k on all the standard items for your unit like your washer & dryer, linens, small appliances, dishware & cookware etc., plus $2-3k per bedroom.