Just heard on NPR interviewing Ali Velshia) Surplus of apartments in NYCb) Pullback of foreign investorsc) 5% price decline avg sales price, 17% decline in salesd) Increase in inventory discuss?

Hi everyone, I recently acquired a few multi family properties with section 8 tenants and as far as I can tell, the last landlord did not increase rent in over 5 years.

I also recommend finding a mentor to keep you focused, accountable to your commitment, on track and help you increase your learning curve and shorten your timeline to success.

Increasing the NOI is the way to increase value.

Depends on the unit and the tenant, but generally for our better tenants we just allow them to go month to month, with or without an increase depending on what the market is doing and whether we want to keep that tenant or not.

What should I take into consideration?

I'm very interested in using a 203K FHA loan for financing the purchase, and rehab of a property that I would move into... and drive up the equity... eventually leveraging the increased equity to refinance & invest forward... or outright sell and invest forward.Is it possible to find a deal that matches my house hunting criteria from a wholesaler, and use a 203K loan to do the purchase? 

You are prohibited from personally using property owned by your IRA.Above are just few considerations which can help you make a decision. 

You could wait 10 months for the short sale approval and if values have risen 8% during that time, you're likely going to pay considerably more for the home than initially agreed upon, if you still qualify..  

Dallas County and Collin County, but our basis is considerably lower than prices now.