I told her I was not coming back after the first visit.

I recently purchased my first investment property, a duplex, and am eventually planning on buying more when the time is right.

A neighbor 2 doors down also cited had added a staircase between his first-floor apartment to the basement apartment legalized and with the crazy rents in the area, collected rents now legally for both.

Recently I purchased a house did overpay 60K my offer was the second highest offer seller didnt accept that but they called me back after a month since the first offer didnt go thru, I gladly moved forwad and recently moved in however I dont like the house at all it is accross the cemetary I dont feel homy there a bit house is nice but I simply i dont love it!

Sometimes you may not want to take out the current underlying mortgage though, in cases where the underlying mtg has better rate/terms than the new proposed loan options.

@Katrina Dividina  you are experienced so hopefully this is just forum-splaining :) just make sure the zoning allows it...sober living is usually addressed individually in the code and has its own hoops.Banks are charging 7.9% now and probably up so I would want a deal on the rate from the owner--where is he going to get 8%??

Task:-Goal: Purchase 5 properties (~10 doors) by end of 2025Action:-My plan is to use traditional financing under my name to access the best rates then transition to using either HELOC/DSCR/Hard Money.

Hi Mike, Yes I was here for the first Boom and now it is ready to take off again over the next 10 to 20 years.

Hello Ilya,Where are you looking at purchasing your 1st property.When converting a property from a single family to a multi family, you will need to check on the zoning requirements, depending on your location, not every location has zoning.As far as lending goes, it is far easier to finance a single family up to a quadplex, than financing 5 plus units, the DSCR Market for 5+ units is extremely low right now, and there are few if any lenders in that space.For financing 1-4 units, there are Millions of dollars chasing those loans, so you can easily obtain long term financing, at rates between 5-7%.Please reach out if you have a property identified, and I can help you with financing options.

My head is all over the place and I would feel more comfortable doing this as a JV being that it will be my first.