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24 August 2024 | 4 replies
It shares very useful insights on how to purchase your first multifamily deal.
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23 August 2024 | 1 reply
I am in the middle of negotiating a deal with a seller who owns a Sec8 Rental property near Pittsburgh, PA (New Kensington 15068).The tenant has been there for a few years and kept the house well-maintained.The rent is $9006 BD 2 BA 1,555 SQFTCOMPS: ARV - $135,000 | AS-IS $90,000I'm looking to get a better understanding of what Sec8 investors would pay for such property, trying to lock in the best deal possible for these investors.Also, what are the most important things I should look for in these deals?
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21 August 2024 | 4 replies
Make sure to open a separate business account for the LLC to avoid co-mingling personal and rental funds.Unless legally required, avoid getting MMLLC as it requires you to file a separate tax return.
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22 August 2024 | 7 replies
Many people want to get rid of those properties after they've used them "one more time".I sense that a lot of your hesitation is over the loss of cash flow until busy season.
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23 August 2024 | 9 replies
Also, who or what profession would help me look at an opportunity to understand if its a good deal or not?
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21 August 2024 | 28 replies
Since the money gets paid out on a 1099, it will have to be taxed.Someone offices will waive the commission if the agent does a certain amount of business.
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23 August 2024 | 4 replies
Many lenders avoid these deals due to the low resale potential, but I'm curious if there are any loan products available for this price range, especially in markets like the MidwestAlso, does anyone know if any lenders are bundling multiple low-cost loans to meet minimum loan thresholds?
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22 August 2024 | 1 reply
I come from the a ticketing background and can provide lots of resources, connections, and perspective on the ticketing space (including my thoughts on the recent Ticketmaster news).Generally looking in and around the Missouri-midwest area for our first BRRRR property and am fortunate enough to have a general contractor as a friend/neighbor who will be a part of the business.
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23 August 2024 | 8 replies
If the perfect deal came around, what would it need to look like for you?