Hello all, New to BP and eager to learn and join this community of like minded and successful individuals. I have been into real estate for over 10 years now while working as an engineer. I currently own 2 condos and ...

Investment Info:Small multi-family (2-4 units) fix & flip investment.

And here's why:Key Takeaways:1) The market is following the original year-over-year appreciation trendline from 2014 upwards, indicating sustained growth and stability.2) Supply issues in Reno's housing market are once again in focus, emphasizing the need for strategic solutions to address housing shortages.3) Exciting developments, like Tesla's massive expansion to manufacture electric semi-trucks in Northern Nevada, will further strain housing availability, signaling continued demand.4) With increased home prices, we anticipate a ripple effect on rental markets in both single-family and multifamily sectors, driving up rents due to housing unaffordability.For California investors in San Francisco, Oakland, San Jose, Sacramento the proximity of Reno and stability of investments are attractive. 

If you close within 6 months the most (assuming single family) is the LESSOR of 75% or what you paid for the property plus closing costs. if you have NO financing on the property AND you have waited to close after 6 months you can use the new value and borrow up to 75%. 

Looking to make debut into the game through multi-family to start.

Investment Info:Single-family residence other investment.

My partner and I currently live in Brooklyn in a 1bd 1ba condo that we would like to rent out for about $1500/mth to a family member.

Duplex in West Adams area.Asking $830000Spanish style house on a nice street with similar houses, mixed single family and duplexes.2 units total, 2b/1b and 1b/1bAbout 1600 sq feet totalI think 2 bedroom could be rented for at lest about $2500 and 1 bedroom for around $1800-2000.I will live in one of them though.Also has a 2 car garage which can be converted into ADU.Has parking plus street parking.Both units need reno.Considering that all units need renovations and I will live in one unit and rent the other and that at some point I will convert garage into ADU. 

Hello,I was wondering if anybody had any experience (good or bad) investing with family members.

Investment Info:Single-family residence fix & flip investment.