Ricky Williams
My first multi family buy and hold/house hack strategy
18 March 2017 | 4 replies
thanks for the responding john based on the comps around the neighborhood my property ARV is between 300-350k when I'm done and the market is climbing slowly so who's knows what it would be worth in 5-10 yrs hopefully more i plan to rent out 3 of the units and live in the 4 unit for 1-2 yrs and bank rents and manage property myself i don't have a exact concrete number on operating cost yet but i predict i will be bringing in anywhere between 3200-4000 dollars a month in rent and then also my unit when i move would bring in more income my strategy goal is to put the money away as income and then apply for a fha loan for my next property take advantage of 3-5% down and buy another 3-4 unit multi family and live there and grow my portfolio by owning and managing my own properties but i know on the third property i will have needed to put down 20-30 percent which would be fine because i have equity and assets and also options on what route i would like to take my question you kind of already answered was is this a smart decision to go no mortgage route and assume so much risk by using up all of my funds to get in the game because sometimes when i talk to people they make it seem like I'm crazy for wanting to start out this route but i feel like if they had the opportunity to start out independent why wouldn't they go that route if you know what I'm trying to say also i am a little nervous seeing that i am 29 and this will be my fist time taking on my on investment and running my own business and projectsalso any advice,pointers,tips any positive tips would be greatly appreciated also on a side note on all my mechanicals for the house i will be buying everything that i can that comes with a energy saving rebate, boilers,water tank,thermostat, etc i strongly believe in saving money and being energy efficient on whatever i can
Dave DeMarco
Question about cash purchase through LLC for a no seasoning REFI
20 August 2018 | 7 replies
Truth be told - I'm nervous.
Will B.
Miami Gardens - Lessons Learned on single family Flip
7 June 2018 | 17 replies
It appears to be a great opportunity if I can pull it off but I’m very nervous about the pitfalls.
Bri Sawyer
Construction Contract Material Escallation Clause Issues
25 November 2022 | 8 replies
This will help them plan and prevent them from trying to lien the property (when there is no plan, they get nervous).
Tyler Work
Investor Airbnb conversion and remodel
26 September 2017 | 2 replies
I am also being asked to find contractors, kitchen/bath designers, painters, etc so they are really letting me run with the project, although needless to say I am nervous doing this type of consulting since it is not my money being invested.
Thomas Capstick
New member from Hampton Roads (norfolk)
12 December 2016 | 12 replies
That makes me nervous.
Patsy Waldron
Using one property as collateral/down payment for another
29 May 2019 | 11 replies
Remember that banks need you as much as you need them so don't be too nervous when talking to them.
Simone Boe
Inspection Report. New Buyer-Do we walk away or counter?
15 June 2017 | 2 replies
It is recommended to install additional section(s) of 6-mil vapor barrier material OR re-snug/re-set existing material to cover over all exposed soilThere is ACTIVE evidence of more than one kind of wood destroying insect found in the crawl space.
Anthony Kelley
property management as a career?
22 June 2017 | 2 replies
Getting certified in Section 8 and tax credit is another type of class of management that some public housing companies will either want or train employees in.It's a job market that I would say is mid range for pay if within a corporate setting, working for larger company that has maybe over 1500 units and multiple properties where one would be responsible for a smaller complex of maybe 75 to 200 apartments at one site.PM that would work for a PM company might have more commission based earnings.
Daniel Elijah Richardson
Any Tips for a New Realtor???
6 October 2016 | 10 replies
There is one thing a nervous client loves to hear from you,"I know a guy who can help you immediately".You should meet with these people personally and establish set discounted prices ahead of time so you know what it will cost your clients before you offer them the information.