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19 April 2024 | 2 replies
30 year fixed, low interest rate DSCR BLANKET loans (put multiple 1-4 unit properties under one loan for cash out or for purchase).Ground Up Construction loans for aspiring developers with NO Experience100% Financing on Fix and Flips (just pay closing costs and prepaid taxes/insurance)Fix and Flip financing that requires no appraisalHELOCS on investment propertiesBuilder's Forwards (for medium to larger developers who want to hedge interest rates on their properties they plan to sell so they can offer "low builders rates").DSCR loans for long term AND short term rentals (I think this is becoming more and more common, but some people have still never heard of this).And so much more!
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21 April 2024 | 47 replies
Closing on a duplex Friday, all in 85k, NET rent 14k. 2BR all in 55k, net rent 9k, Purchases a 7 unit all in 230k, NET rent 38k per year, , just some examples, THATS why :) All the best
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19 April 2024 | 1 reply
rent by the room, rent by the unit (small MF), rent out an ADU, etc.If you plan on renting by the room, then maybe more square footage and potential rooms to rent.If it is small multi-family, then you can look at similar size rentals to see what their market rates are or use programs like Rentometer.com or BP rental rate calculator.
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19 April 2024 | 10 replies
Please keep in mind the 3x rent is probably in reference to smaller 1 bed to 2 bed units.
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19 April 2024 | 15 replies
Is this a 1-4 unit property?
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19 April 2024 | 6 replies
If it is a single unit 2 bed/2 bath you can definitely get a residential loan.
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19 April 2024 | 1 reply
Hey there,I've been looking into long-term holding of small multifamily units and have learned a lot about it.But I also came across agricultural land and the benefits that come with it.I'd love to learn more from someone who works in or knows about the land business.
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19 April 2024 | 8 replies
Chat with an attorney and work to get her out of the unit.
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18 April 2024 | 87 replies
Instead of buying 2-4 units buy 2 units in a BTR community.
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19 April 2024 | 3 replies
Am looking to buy a multi unit property in Columbus and trying to estimate what the property tax would be.I checked in the Franklin county assessor website and was able to find a property tax estimator.