Are more people moving in than out?

Investment Info:Single-family residence buy & hold investment in Atlanta.

MelvinPerhaps you can BUY their property from them on WRAP Around financing basis You pay them on a WRAP AROUND Note (eg. perhaps $1.00 over their existing loan balance) of where they can LEASE the home you and also give you an option to buy SUBJECT TO their loan if or when you exercise the option.

Investment Info:Single-family residence buy & hold investment in Atlanta.

The issue is that the relinquished property in Boston is held in our partnership LLC, and in order to satisfy the 1031 Exchange requirements, we *MUST* close and take title under the same name on both the buy & sell side.

In it’s most basic definition Buy - Purchase a propertyRehab - Value-add with renovations and rehab things that need to be fixedRent - Find tenants to pay your mortgage (and maybe some cash flow)Refinance - Once the property’s value appreciates from rehab and reappraises for more than you purchased it for plus renos, you can use that gained equity to do a cash out refi.

If I were to do it right now, I would still try to house hack but would definitely look into staying in the studio if the rent is chheap and it would allow me the freedom to buy more investment properties. 

I want to buy and hold SFH and MFH in between.

I’m sure I’ll incorporate one at some point- there is a lack of expertise right now so people tend to think it’s crazy, as the above thread shows.

Hi everyone,I’m currently in the process of closing on two owner-financed small multifamily properties in Milwaukee, WI, which I plan to buy and hold.