Renovated each unit as they opened up which created additional value through increased rents.

I'm in WA state and we used to do some of those but don't now that the homestead exemption increased substantially, making it difficult to recover funds if the loan stopped performing. 

Hey @Mario J PerezAdvantages - Processing time, underwriting conditions, paperwork requirements, not impacting debt-to-income and/or personal credit, can own many and close in entities reducing personal liability (to name a few).Disadvantages - Rates tend to be a tick higher (less and less these days) and fees will be a few thousand more per deal, can be very regional, higher appraisal costs usually (based on the need for a 1007 rent market analysis on every one), can have weird underwriting conditions (lender specific)30,000 foot view at it, but the entity/personal credit side of things make DSCR loans really helpful as you start to scale, and especially if you are doing any personal borrowing for personal homes, cars, etc.Hope that helps!

While the potential rental income of 4K is noteworthy, it's essential to consider various factors.The local real estate market conditions, property management costs, and potential maintenance expenses should be factored in.Additionally, evaluating investment alternatives like the stock market is prudent.Renting out a property can offer long-term benefits, but careful financial analysis is crucial to determine if it aligns with your overall investment strategy and goals.

I read that Texans voted for a bill that would significantly reduce property taxes.When does this go into affect?Also, my insurance has gone way up, so if anyone can recommend an insurance broker, I'd appreciate it. T...

❌ Previous Rent: $1,100✅ Post Reno Rent: $2,000 (plus utilities)Original Underwriting: $1,900$900 monthly rent increase$10,800 additional income per year (excluding utilities)We spent $35,000 for a premium level renovation.= 30.8% return on investment (ROI)We target an ROI between 25% - 35%.

We haven't put in our offer yet or gotten an inspection, but were excited when we toured it yesterday and found it was in generally good condition and there were no visible or olfactory signs of water damage.My original thought was we could get a conventional primary home loan for the purchase price of the house and then use cash to finish it out.

Consider factors such as the proximity to schools, parks, shopping, and public transportation.Property Condition: Distressed properties are typically in poor condition, so it's important to assess the state of the property.

Break out single family/condo; then 2 units then 3-4 units all have different rules. 1-2 units is far easier to get approved verses 3-4 which have extra conditions to ensure that the whole project cash flows with market rents minus the one owner occupied unit. 3-4 units you need much larger down payment - as in no 3.5% downSecond home programs are for one unit types: SFR/condo/townhouse.Owner occupied means you live there and your insurance policy matches.

What kind of condition are they in and what amenities are expected.