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25 May 2024 | 6 replies
Quote from @Drew Sygit: @Yanting Wang many investors are buying, "build to rent" properties.They are all being told that in buying a new construction property, they shouldn't have maintenance issues for 5-10 years, which will increase their cashflow/profit.Well, tenants have a way of breaking things, not taking care of problems and letting them become maintenance issues, and this is on top of the fact that most new construction properties require several warranty repairs by the builder in the first 12 months.As others have pointed out, you must live in the property for the first 12 months for an FHA mortgage or take your chances with committing mortgage fraud. do a new construction multifamily don't buy a single family for BTR the numbers are garbage. density is the only win for economies of scale, micro units as well. small, well designed multiple dwelling properties are superior.
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25 May 2024 | 26 replies
I’m active duty Air Force and I have three VA loans now.When I started, I didn’t know where to start, so I went with the big companies, USAA, Navy Federal, and Veterans United.If you don’t have an agent, I know USAA and Veterans United have agents they are connected to and can refer them to you.
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25 May 2024 | 0 replies
Investment Info:Small multi-family (2-4 units) buy & hold investment.
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23 May 2024 | 2 replies
Hello everyone, Having recently moved here from Memphis, TN, I've been immersing myself in understanding the local market dynamics and am eager to connect with all of you.I'm particularly interested in discussing is the varying levels of rehab quality we see across different neighborhoods.
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25 May 2024 | 17 replies
Hello everyone, I have a 2 family home that I rent and in the one unit a family friend lives there.They moved in with no security deposit and keep making up excuses after excuses it’s been 5 years now still no SD.
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22 May 2024 | 4 replies
Hi, does anyone know of a commercial lender for a 24 unit in Colorado I can refer a client to?
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24 May 2024 | 3 replies
Needs a few repairs, but definitely inhabitable) with a small 6 unit in the back.
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24 May 2024 | 17 replies
Depending on their level of certification / registration, they have a true fiduciary duty that they are required to disclose to you exactly how they are getting compensated - including if they are getting commissions on any of the products.
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24 May 2024 | 7 replies
Recently bought a conforming duplex in San Francisco that is tenant occupied with two tenants in each unit.
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24 May 2024 | 11 replies
Thanks Jeremy, I have a roof inspection scheduled for tomorrow.The interior is a little funky with the split level design, but I have found that it works pretty well in another one of my properties so I am not too scared off by it.