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9 June 2016 | 2 replies
Our investing strategy will focus on single family homes in excellent school districts (thus far, we have 2 SFH in Keller ISD, and 1 in Northwest ISD- Byron Nelson HS), as well as multi family properties that make sense from a cash flow perspective (We've looked at 2 four plexes, and we're currently evaluating an 8 unit apartment complex).Here are some questions we have for the well informed masses at Bigger Pockets:#1 Do [you] recommend that we set up an LLC for all properties, or a series LLC, delineating each property into separate LLC's "underneath" the main LLC?
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11 June 2016 | 2 replies
Looking at a 4plex that is in a great (A+) location. All four units are small 1/1's that are dated but still in good condition. The property is 2 blocks from the beach and has a solid rental history. The numbers lo...
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13 June 2016 | 10 replies
@Jameson Sullivan If you are interested in Multifamily Residential Properties (MFRs) such as a Duplex, TriPlex, or a Four Plex, for Buy and Hold Acquisitions, please consider the following.
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13 June 2016 | 5 replies
I found a 4-plex and am under contract but am looking for any helpful tips and advice you can give.Details: 4 units, each unit 2 bed 1 bath, all occupied, kind of a rough rural area in southern Delaware, fairly low income tenants/area, older building with some deferred maintenance issues, very close family friend is a broker and owns a property management company that has been managing it for years.Numbers: $135k purchase price with seller paying $5k in closing costs, $2200 gross monthly rental income, I believe the most recent unit just rented for $650 - $700 (waiting for verification and exact number) which means market rental rates should equal $2600 - $2800 if I could get all units up to market rates. 15 year mortgage at 3.875% (just locked in with lender, really happy about this and lower than expected) and 25% down payment brings mortgage to about $750 per month.50% rule: Current rental income of $2200= cash flow roughly $350 per month.
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14 June 2016 | 8 replies
Chance, I suggest you start small with a duplex, then move on to 4 plex or even bigger complexes.
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11 August 2016 | 8 replies
Here in Williamson County it is only one living structure per septic system, per 1.0(+) acre, which can be a SFR, duplex, 4-plex or apartment.
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21 June 2016 | 13 replies
I have VA Loan eligibility which allows me to buy up to a 4-plex with 0 down.
5 April 2019 | 60 replies
Then go to your local casino and play some 10/20 no limit hold em.
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21 June 2016 | 4 replies
Hey every one I'm new here currently living in Washington I am originally from Nebraska and am currently in the military, I'm trying to advance my self in the upcoming years by starting with real waste and my interest falls in with multi family homes I've come across multiple 4 plex complexes that I can rent out and to make a long story short I see a lot of people going with private loans and then refinancing with a bank loan type situation later, now on that note would it be better to go with a private invested starting off or should if I have the ability should I go with a loan straight up granted I can get a VA loan right away with up to 417k loan if I needed to with the property I'm looking at its only 245k possibly lower if I can work it for a 4 unit complex, so I'm open for any kind of information that can be tossed my way
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20 June 2016 | 3 replies
The property is a 4-Plex apartment building, each apartment is a 2br 1bath.