Deano Vulcano
Investment house loan in company name
22 February 2024 | 14 replies
General requirements would be 20% for a 1-4 unit property, DSCR of at least 1.00x or greater, and you can qualify with a score as low as 620.
Christos Ziogas
Out of State Investor San Antonio/Temple/Killeen
22 February 2024 | 9 replies
Here are some details: Top bottom duplex Purchase price 440kTurnkeyDownpayment - 55k Both units vacant2/1 upstairs - $1500 market rent (long term)3/2 downstairs - $2500 market rent (long term)Newly renovated Central ACSeparate electric meter 1 water meterInterest only payment for 5 years - $2567/monthTax - $500/month (appox)Insurance - $150/month (approx) Cash flow - $391 (after taking into account vacancy, property management, maintenance and capex reserve)ROI - 8.5%No prepayment penalty If used as Airbnb, ROI can be higher
Pavan Kumar
Blown Away - 7.5 % with 2.25 points
23 February 2024 | 37 replies
They sold out 60 unit complex in 4 months. ($500-$620k SFR) Your builder must have plenty of buyers lined up to charge that much.
S. Aaron Scholl
Starting a property management franchise versus signing on with brokerage
22 February 2024 | 9 replies
My rule of thumb is ~180 unit's per PM.
Lon Sierra
2 units, only 1 meter!
19 February 2024 | 6 replies
Clamp a few of those on the circuits leading to one "unit" and read them monthly, multiply by billed rate.2.
Clive Smith
Parent and child llc tax question
22 February 2024 | 3 replies
Parent llC in wyoming - 50% owned by me and 50% owned by my spouseChild LLC in North Carolina - 100% owned by parent LLCWe brought one 5 unit property in NC in 2021 using Child LLC name as owner and paid cash.
Marco L.
Advice on cap rates in BC
21 February 2024 | 9 replies
I'm on the look out for a multifamily apartment building smaller size 12-20 units and I'm finding some deals in the valley in the 3.5-3.8% range.
Greg Ripley
Estimating Multi Family Insurance Costs - Eastern Canada
21 February 2024 | 2 replies
Is there a certain cost per unit I can expect to pay based on the condition of the building?
John Anderson
Buying a multifamily residence as a second home/vacation property?
21 February 2024 | 5 replies
Any multifamily 2-4 unit can be purchased under FHA with 3.5%, VA (zero down), Conventional 20%-25% down primary for primary 2-4 units depending on # of units.
Andrew Burrell
House Hacking Chicago Multi-Unit Properties in 2025
19 February 2024 | 18 replies
My girlfriend and I are looking to move to Chicago some time in 2025 (likely the fall) for her job, and we are looking to buy a small multifamily property (2-4 units).