Isabel Yang
Combining condos into an apartment
I own 7 residential condos as part of a mix use property with 11 condominiums. There are 7 residential units and 4 commercial units on this property. I own all the residential units. The water and sewer are shared. ...
Ellie Perlman
Value Add vs Turn Key: Which One is Better?
Generally speaking, there are two main strategies when buying multifamily properties: Turn Key and Value Add. These strategies are very different and both have pros and cons.
In a turn key investment, the buyer does ...
Nic S.
8 doors in 1 year, what should I do next?
I’m looking to pull some cash back out and purchase more properties while still cash flowing. I purchased 2 SFH and 3 duplexes with 25% down in the KCMO area. One SFH is worth about $35k more than purchased and the ot...
Tina Lee
Is easier yo get aproval of mortgage if i put 50% down
Anyone try to get mortgage with 50% downpayment is it much easier to get aproved this way?
Austin Petrie
[Real Example] An Expense You Might Have Never Thought Of
Hey everyone!I just got back from touring a colleague of mine's properties and came across an interesting (and expensive) situation he's currently dealing with. I figure it is worth sharing so that this doesn't happen...
Jose Ortega
70% Rule Repair cost or Appeal cost?
When applying the 70% Rule to evaluate a property. Under "Repair" cost, do you evaluate what in fact "NEED" to be replace because is damage or you add a "REPAIR" cost because you want to upgrade?
Example: a floor is ...
Wendy Cheng
Depreciation (capital cost allowance) on rental property
Looking for some advice... I am purchasing my first rental property, a triplex. I would like to know if there is anyone doing depreciation on the rental property? I know that CCA deduction claimed will become taxable ...
Connor Feist
Lenders for Auction Flipping
Hi all,I'm planning on participating in an auction process in about a month on a condo property in Florida. I was wondering if anyone in this community had recommendations on short term lenders that I could tap for ac...
Account Closed
Best Mortgage Loans for House Hacking
What’s the best loan besides an FHA loan to house hack a duplex? I have the option of using a physician loan as well (0-5% down payment) and avoids PMI that FHA has. If I’m trying to grow my portfolio of investment pr...
James Wachob
Class A investment in Memphis, TN
Investment Info:
Single-family residence buy & hold investment in Memphis.
Purchase price: $150,000
Cash invested: $50,000
This property is a long-term play. It is in my favorite Memphis communit...