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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 | 3 replies
To start, we’d purchase a home (preferably a multi unit) so we could make it our primary for the first year, then move on and use it as a rental.
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1 May 2024 | 10 replies
If you’re going conventional on a second home, you might want to consider putting even more down and make sure that your debt to income ratio is <41%, and credit at or above 780, ideally, as the GSE’s just made changes to the Loan Level Pricing Adjustment (LLPA) just got even more expensive effective 05.01.2023 but most lenders will either incorporate this into their pricing or will then.
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3 May 2024 | 7 replies
(source below)I ran these numbers on my own portfolio (of 9 units, 4 properties, mostly updated with Low CapX) in Green Bay, WI and my tenants are paying on average $1.08 per SQFT and moy cost is $103 PSF.
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1 May 2024 | 24 replies
I have a lot of money saved up from a sales job, and I am thinking about doing Michael Blank's 1 on 1 mentorship program that guarantees getting a 30-60 unit deal within a year, but the program costs 30k.
2 May 2024 | 41 replies
You are in the epicenter of the Hispanic Hub of the United States.
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2 May 2024 | 1 reply
Greetings,This is likely a silly question, but are hard money lenders ever willing to fund 100% of a down payment on a large purchase (20+ units) after viewing the deal (rent rolls, etc)?
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3 May 2024 | 25 replies
My per unit cash flow would be higher than their per unit rent and in many cases by a whole number multiplier.
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2 May 2024 | 5 replies
We had a unit turn over and would like to fill vacancy with a Section 8 tenant.
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2 May 2024 | 7 replies
The cost and work to furnish, decorate, and outfit a unit with the necessities to be used as an STR would only make sense if you think this flip is in serious trouble and likely won't sell for quite a long time.