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VA Loan will allow for home purchase with UP TO 4 units
Hi. My husband and I are looking to use his VA Loan for a multi family property. The VA requires that the property have 4 or less units. We are interested in a property that has 5 units. Does anyone have any creative,...
Joseph Cornwell
How do you overcome inflated purchase prices?
My fellow BP'ers,I am running into a reoccurring issue lately. For a little background, I am located in the Cincinnati, Ohio market. I am looking for a 2+ multifamily property, the amount of units does not really matt...
Brittany Bailey
San Diego Multifamily 2-4 unit- Price help?
Hi there,
I am new to Bigger Pockets and am so excited to find this resource! I have a question regarding the prices of multifamily in San Diego. My husband and I are ready to buy our first home and would like to do...
Sam Lyle
When to execute exit strategy
Last January(2022) I purchased my first Duplex, I have been using the past several months to flip the current unit I live in and have a long-term tenant in the other unit (7 years). Should I flip her unit after mine o...
Oleg Komarnytskyy
Off market multi family in Elmwood Park Illinois
I have an off market property which is condos right now five units total owned by two owners both wanting to sell. Taxes are high but after the conversion will be lower. Sellers are looking for 600 K. Garden unit is t...
Lesley Govan
NOI
Hi,When calculating NOI, why do you include electricity and gas? Don't the tenants pay that in a multifamily?Confused.Lesley
Gerry Brown
Section 8 bedroom number voucher vs actual unit
have been looking at disclosures, analyzing deals and interested in getting into section 8 in Oakland.What is the rule regarding bedroom size when determining the FMR value?I remember reading somewhere it’s the SMALLE...
Hannah Givens
House Hack then BRRRR or Pass?
So I would love to get some input on this duplex.
Monthly Income:1650.00 Monthly Expenses:2,027.56 Monthly Cash Flow: -342.65 Pro Forma Cap Rate:-1.67%
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Adam Brammer
Properties too large for Residential Loans
Hello, I am currently shopping around for multi-family properties and have been able to find quite a few that have great cashflow. However, when I approach the banks with the properties (typically 6+ units), I am unab...
Blake Bryant Dior
Opportunity to wholesale an apartment Unit
Yesterday i was double dipping with listing agents and was giving the opportunity to wholesale an apartment, today i checked out the 1st floor unit Co-op and was able to see the repairs needed to turn the unit into a ...