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12 March 2024 | 7 replies
Hello, I am looking at 2 properties, one 2 unit property that I have put in an offer of about 120k that can generate positive cashflow of $600 per month and another which is a 6 unit property where I have put in an offer of 350k that can generate $2000 cashflow.I have a bank ready to lend a mortgage at 7% for the 2 unit property.
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15 March 2024 | 9 replies
Maybe you have already accounted for some of this nuance with your percentages, but I see too many on these forums underwriting every deal the same, which simply isn't how it works in the real world, especially if you only have say 1 to a 100 units, where each expense has a bigger impact on the overall portfolio.
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15 March 2024 | 8 replies
It could be purchasing a SFH and renting out rooms or purchasing a 2-4 unit property, living in one unit, and renting out the rest.
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15 March 2024 | 10 replies
We have a NO SMOKING (of anything) inside the unit.
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14 March 2024 | 1 reply
I got a six unit multifamily building that I am trying to get a mix of long term rentals and mid term rentals but I am struggling to find a company to manage the mid term units.
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14 March 2024 | 6 replies
I'm debating buying a 3 unit where the existing tenant in the top unit clearly smokes in the unit (cigarette in ash tray in listing photo).
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14 March 2024 | 3 replies
Considering a FHA 203k on a 4 unit.
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14 March 2024 | 18 replies
Again, the same seasoning rules apply you must gold the note in place for at least that amount of time to avoid fees for early note sales.
15 March 2024 | 3 replies
If this country has a treaty with the united states to follow similar tax laws, any amount under 18k you are good.
14 March 2024 | 3 replies
Hi All,I own a few rental units in the Boston area and I recently came across an apartment building (16 units) that seems to be a good deal.