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2 September 2024 | 13 replies
Also, one of the homes can be raised from $1,850 to $2,300 when new owner takes possession. 3 Family House6750003 3 Bedroom ApartmentsApartment 12,205.00$Apartment 2 HUD2,300.00$Apartment 3 HUD1,850.00$Total Rent Expected6,355.00$76,260.00$ExpensesSchool Tax 23-243,460.68$Town and County 20242,222.30$Insurance3,035.51$Lawn & Plow2,400.00$Repairs and Maintenance Furnaces1,231.20$Total known expenses12,349.69$NOI63,910.31$Cap Rate9.47%
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2 September 2024 | 3 replies
Real estate wealth is not political even if one party says they want this.
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3 September 2024 | 9 replies
That way, you could live in one, purchase with little down since you can use a primary residence loan with a low down payment, and collect rental income on the other 3 units.
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27 August 2024 | 13 replies
If you were lucky to find one, congrats!
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2 September 2024 | 24 replies
Small Multifamily then bump up from there/that first one will be your guide to getting more and better deals.
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2 September 2024 | 0 replies
We are adding one, but this was an expense we should have seen.
29 August 2024 | 70 replies
I have talked to some wholesalers who pay 12% for the money they use when closing a deal in one day.
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2 September 2024 | 34 replies
One of my core beliefs is that you can't be great at *everything* and if someone tries to tell you that, they're selling you.
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27 August 2024 | 4 replies
You might find this 20 minute read and breakdown of supply, demand, interest rates, and relative regional pressures on multifamily https://www.biggerpockets.com/blog/multifamily-crash-to-cont...
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2 September 2024 | 5 replies
Your best clients are the ones happy to work with you.