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29 April 2024 | 13 replies
I considered SFH where I'd rent out all the rooms and keep one to myself, but this seems risky since I'll realistically be away for months at a time and couldn't manage the unit/other tenants.Then I came across some listings that appear to be hotel rooms for sale, with basically the facilities I need (a bed, toilet, kitchen), a price point I can handle (270-500k$, I'd do 20% down), and fairly high HOAs (~1500$/m?).
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29 April 2024 | 0 replies
Investment Info:Small multi-family (2-4 units) buy & hold investment.
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30 April 2024 | 14 replies
You have Non/QM - Bank statement program, if you want to buy an investment home you can use DSCR.If you need to streth income buying a 2-4 unit can help stretch your income by using the rents to qualify.
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29 April 2024 | 14 replies
Many people tend to start with house hacking where you buy a single family property or 1-4 unit property and live in one unit and rent out the other units or rooms if buying a single family home.
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29 April 2024 | 4 replies
Tenant reached out, sharing that her landscaper pointed out that the concrete slab/foundation where the well water system and AC units sit are "deteriorating."
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30 April 2024 | 21 replies
Large lot you can add an ADU, more parking, pool or take the pool out, add mother in law unit, etc.
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30 April 2024 | 27 replies
- Broad language excusing PM from any responsibility (including that of anyone they subcontract out to)- Charging the owner additional "convenience fees" if they "fail" to perform according to an agreement (with broad language about what that means)- Making the owner pay for any mediation / attorney fees for both parties (with no cap specified)Specific fee structure: - Management Fee: 10% scheduled rents (up to 3 units); 8% up to 15; 6% up to 35- New tenants placement (not renewals): 50% first month rent- 10% mark-up on all service fees (no receipts required)- 15% mark-up on total cost for any capital expenditures- Flat turnover fee- Flat evictions fee
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29 April 2024 | 8 replies
Also wondering if LTV rate would change if we occupied one unit?
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29 April 2024 | 3 replies
Hey guys I am investing in Dallas Forth-Worth & Tampa area Long term rentals and I’m doing section 8 also , I am getting property with hard money loan , remodel them, and then re fi them for 30 years , I put around 45-65K for each property I have 4 properties that cash flowing $300, $500, $1000, $250 per month I wanted to get into Multi Family - 4 plex, 6 plex and up even 8-12 units as first deal.
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29 April 2024 | 12 replies
Quote from @Yanely Peguero: Hi, I am currently looking to buy a 12 rental unit in Hartford I will need a property manager.