Our strategy is to purchase a multi-family unit that would allow us to occupy one unit and rent out the remaining units on a long term basis. 

I would want that question answered before purchasing anything. 

I received a 6% return rate, and had a chance to purchase 4 properties.

They always send pictures pre-rehab and say it will be done with the purchase price.

Purchase price: $110,000 Bought the house of the MLS.

Purchase price: $215,000 Cash invested: $75,000 Sale price: $410,000 Total and complete renovation!

Understand Closing Costs: Be prepared for closing costs, which can be 2-5% of the purchase price.7.

Hi ALL,Just reaching out to see if you can give me some insights on Charlotte Michigan, Small City close to Lansing MI (21 Mil), I'm researching a Multifamily building, My concern is that there is 9,000 plus populatio...

Cons: Property 1 has strong expected IRROption 2) Sell property 1 to pay off a construction loan on property 5 and purchase new SFR -- Pros: Improves cash flow by $1,000 / month, Adds $40k cash to bank account (after $30k loan repayment and $40k SFR purchase). 

FloridaHi Esther - if you end up going with a commercial DSCR loan to purchase a rental you would need to use an LLC.