Looking to start a buy and hold portfolio of single family rentals in the Fort Worth, TX area (Saginaw/Benbrook/Burleson/Crowley).

Purchase price: $1,350,000 Cash invested: $150,000 Sale price: $2,200,000 We Converted a duplex to a triplex and increased rents by 150%.

adu tenant: use the binder method (youtube it). cite increased operating costs. do your own research on market rent first using actual rent comps. going forward, reeval every year. str studio: is there room to increase ADR?

I invested 80,000 into it in 2019 which immediately made the property worth $450,000.

I'm considering going to the bank and being completely transparent to ask for an increase in the rehab loan, but they have a much more conservative ARV in their appraisal based on much lower projected rents ($1,400 avg vs the $2,000 avg we're actually getting on the finished units), so I'd have to convince them of the higher ARV.  

For sub-5-unit properties that may not be too viable, but if you're looking at slightly larger assets a few options may open up there, but even Fannie/Freddie will be a very tough go unless you have a net worth equal to the loan amount. 

Depending on where you are in Astoria, it may be worth it as I know long term the city planning is trying to boost higher zoning use cases to open up more supply of units. 

I'd ask them what the capital gains are worth to them.

@Adeeb Shaheer you aren't going to get through this script with most agencies, particularly in health care Q1 is good to ask for health care Q2 for health care is typically 13 weeks so skip it. for other groups it is worth asking Q3 is typically no for health care, these days at least.

The main street in Tulum is still VERY local and this attracts those tourists so properties around there are worth to have a look.