So you’ll have to find a bank that will lend in your price tier.

Both fourplexes are nearly completely renovated, and there are three remodeled units currently vacant and available for lease—so the new PM will be able to come in and make commissions right away without doing much legwork.

For the last three properties I sold they were selling in one day and buyers were offering $20k to $50k more than my asking price I sold all my homes in Las Vegas and one of the reasons I sold was because the HOA's were driving me crazy with their monthly fees, complaints and fines.If you are into Bnb then sell, but it seems like a high percent if cities are banning them, or putting restrictions on them to make operating them difficult and expensive.

I purchased a 6-unit multifamily with my partnership LLC almost three years ago. 

Most likely no one will be able to answer this question because no one was buying at 4%-5% caps three years ago, and with most assets being held 3+ years the 4%-5% acquisitions haven’t sold yet.Having said that, 3 years ago when people said it was crazy to buy at 5%-5.5% caps, I’ve since made out pretty well on those trades, some of them exceeding 30% gross IRR on full cycles.

Three bedroom rentals are down almost 25%.

If there are two of the three you like, then you have a backup.Best of luck!

Either his “with permits” price is fair or you can have another plumber or two or three, give you quotes, especially now that it’s all opened up. 

-If you have a net loss, you could deduct the losses against your income three ways:   1) If your modified AGI is between 100k- 150k and you actively manage your property.

Pissed bc I’m finishing up three triplexes and just discovered the city is putting up 60 PHA housing units directly behind me with private parking, gym facilities, etc....totally ridiculous that you can have the amenities most other hard working people don’t have in the city while being encouraged not to work