Juan Orozco
Hello from San Diego!
27 March 2024 | 5 replies
I purchased a duplex, renovated and rented one side while living in the back unit for a few years. since then I have moved out and rented both sides while renting a house for less.
Chris Dee
Would you do this deal if you were me?
26 March 2024 | 5 replies
I'm currently under contract for a multi-unit that didn't appraise.
Tyler Ferguson
House hacker book keeping advice
27 March 2024 | 8 replies
Typically, getting into the 5-unit range can get overwhelming for people and take up too much of their time if they're focused on scaling.Real estate bookkeeping is very balance sheet heavy and that's where the mistakes are made if you're managing the books yourself.
Correy Cooper
ADU Bonus for Affordable ADUs.
26 March 2024 | 4 replies
Any help is greatly appreciated.Thanks,Correy Rental ADUsFor-Sale ADUs1shall be affordable, including an allowance for utilities, at a rent that does not exceed:shall be affordable at an affordable housing cost that does not exceed:Very Low Incomehouseholds30 percent of 50 percent of the area median income, as adjusted for family size appropriate for the unit.30 percent of 50 percent of the area median income, as adjusted for family size appropriate for the unit.Low Incomehouseholds30 percent of 60 percent of the area median income, as adjusted for family size appropriate for the unit.30 percent of 70 percent of the area median income, as adjusted for family size appropriate for the unit.Moderate Incomehouseholds30 percent of 110 percent of the area median income, as adjusted for family size appropriate for the unit.35 percent of 110 percent of the area median income, as adjusted for family size appropriate for the unit.
Dan Bowe
How common are $2m all-cash offers these days?
26 March 2024 | 12 replies
I'm bidding on a 40 unit complex in the Midwest.
Rebecca Readus
What do you look for in a home you wish to house hack?
26 March 2024 | 12 replies
I know here in Denver, the city has cracked down on short-term rental permits for unauthorized basement units.
Andrew Bosco
Scaling up an AirBnB business
26 March 2024 | 4 replies
The plan is list 10 of our units on Airbnb (we have current PM systems, hospitality, cleaners and maintenance techs in the area already).
Leo R.
How much time/effort does it take to manage a MTR?
27 March 2024 | 21 replies
I collected MTR comps and ran the numbers, and found that I might get an extra 15%-20% from a MTR, but I'm not sure if the vacancy rate I plugged in was reasonable (I'm in a mid-size city and my properties are close to Universities, hospitals, and other things that attract MTR tenants, so hopefully I'd have low vacancy...but I like to play it safe with my numbers, so I try to allow for a good bit of vacancy)... ...plus, all the comps I collected were just listings this month, and I don't know how much they're affected by seasonality, so my rent data might not be super accurate... ...maybe I'll give it a test run with one unit that's opening up in May, and see how it goes...
Jason Skinner
Structure seller finance apartment purchase
26 March 2024 | 8 replies
I am evaluating 6-10 unit apartment buildings and wondered how others have structured seller finance deals?
Nathan Frost
Cash Out Refinance Texas and Oklahoma
26 March 2024 | 15 replies
@Nathan Frost This would be called a portfolio loan but most lenders with this product require a minimum unit count, usually 5 units.