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24 April 2024 | 5 replies
It is doing much better and has a DSCR ratio of 1.2 now, but if I were to buy it at today's interest rates it would be a seriously negative carry.I'm looking to buy a single-family Subject To with a partner at 500k with a 2.75% underlying loan on almost $400k and it will be just slightly negative at about $-200 a month, but debt paydown is almost $1k a month and I'm sure in a few years the appreciation and rent growth will make it be more than break even.
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24 April 2024 | 2 replies
Investment Info:Large multi-family (5+ units) commercial investment investment.
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24 April 2024 | 2 replies
It feels like a constant cart before the horse but I have become better at scaling over time, today own and operate 194 units mainly in the manufactured home space but we have more than a dozen single-family homes, a motel, and an apartment complex.I have myself in a CEO position but I also fill the position of sales and acquisitions.
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24 April 2024 | 7 replies
Funny enough my family is actually from Ohio.
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24 April 2024 | 19 replies
They couldn't afford a single-family home in the same neighborhood, but with the income generated from the other unit of my duplex, they were more than happy to pay top dollar.
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24 April 2024 | 0 replies
Investment Info:Single-family residence buy & hold investment.
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21 April 2024 | 13 replies
Hi,I am considering investing on a multi-family syndication with Viking Capital.
21 April 2024 | 0 replies
Investment Info:Single-family residence buy & hold investment.
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24 April 2024 | 3 replies
Network and try to find a mentor in these groups or wherever you can to help guide you through this industry.But if your market doesn't provide the cash flow you're lookng for I would check out single family and duplexes in Cleveland, OH that can produce strong cash flow such as 44102, 44109, 44111, and 44135.Go into Zillow under rents and look at days listed and contacts.
24 April 2024 | 7 replies
If it's a single family home, those are typically valued by similar houses that sold in the area.