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23 September 2018 | 4 replies
I’m curious to know what pros and cons, pearls and pitfalls exist for 10-15 unit MFH deals that involve a collection of individual houses from one development... as opposed to the apartment building type of MFH.
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14 September 2018 | 4 replies
Originally posted by @Michael Guydish:@Ali Boone Hi Ali, thanks for reaching out.
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12 September 2018 | 8 replies
Originally posted by @Tulan Kantesaria:@Ashish Acharya @Matt Motilat this point this is our first rental and nowhere close to making $40k in rental income.
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5 October 2018 | 22 replies
Originally posted by @Jim K.
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12 September 2018 | 1 reply
im stuck on 3rd R of BRRRR.i bought triplex financed my downpayment and used total $45k to fix up now cant afford to refi cash out to repeat cause need 2-3 months of reserves ie $3500-4500 in personal not dba account. i only have dba and i spent it on fixing 3 unit and rehabbing my new personal residence. both have equity but no one wants do Heloc with me credit is 700. owe $79k on triplex ARV is eta $225k based on noi , gross rents $2995 net monthly is $1850, moved into 3 unit for 5 months while fixing then tried refi while living onsite but needed 1140 rent to meet debt 2 income ratio to buy primary residence and b4 moved out i tried refi via VA but told need make 6 payments first. so i hunt for portfolio lenders...no luck yet tried 4 in Maine. once moved out tried refi triolex conventionally with veterans unlimited, and quicken loans. both failed me on dumb minutiae wasted 3 months.now spent all my original financed money to fix up triplex and rest money to buy, move and rehabb my primary and now have no reserves. im living off my rent incomes. cant save up need buy 6-8 unit need 25% down plus rehab costs.sitting on 3 acre river front 1500 sqft camp with 2 barns 35ft from river that needs rehabbing but owe $52k ARV is $190k. holding is $550 month, needs $50k rehabb any lenders offer no reserves and 100% besides VA and no seasoning?
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14 September 2018 | 5 replies
Originally posted by @Erick Jimenez:HEY GUYS !!!
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17 February 2019 | 13 replies
It was original to this 1980 house.
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9 January 2019 | 19 replies
Originally posted by @Rich Hupper:@Andrew Syrios sorry to be more concise they did not stay.
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12 September 2018 | 0 replies
Obtaining a new mortgage and keeping existing properties I own as rentals.
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12 September 2018 | 3 replies
Continue to repeat flips by reinvesting original partner's cash and profits into each subsequent deal(s) until you have your own seed money ($10k, $20k,...?).