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Hey everyone. how long did it take you guys to close on your first deal? I’d love to hear some stories. Did you guys do it in your goal time? How competitive was your market?
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $69,900
Cash invested: $10,000
Second investment property under the books, currently rehabbing the property and hop...
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My wife and I purchased a three family in Passaic County, NJ a few years ago. One of the tenants are part of the program ran by the section 8 program in Passaic County. The annual rent increase is limited to 3.5% a ...
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Hello,We closed on a house yesterday, a rent stabilized (or so we thought) 3 family. One of the units was currently rented for $3300, with an accompanying lease and last month's rent deposit collected at close. Howeve...
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I've read posts about the "worst house on the block" in a good neighborhood, is that what most of you would consider ideal? Granted all of the other factors worked out. What are some of the benefits of this situation....
Hello,I'm wondering if people 1) use Automated Valuation Models (AVM) in the small-medium size mulitfamily space to spot under-valued properties by comparing the AVM price (the predicted appraisal value) to the list p...
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Just curious if anyone has seen property managers show flexibility on fees for newer better condition homes; 0-3 year old house vs 10-20 old property. Theoretically it doesn't seem logical if they are managing a 1 ye...
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I’ve recently talked with two different sellers. The main reason they’ve cited as not being interested in seller financing is because of “liability”. That is, the liability of someone getting hurt and also stricter la...
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I've always felt first posts, when seeking assistance, are a lot like an AA meeting-- Hi my name is Gus and I need help. Never sure how to start 😅 Now that my ice breaker is out of the way (not that funny but points f...
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I know it’s easy to get hung up on the 70% ARV minus reno costs guidelines… but when you are going for volume, it can be tough to find enough “homerun” deals.At some point, I believe you are better off taking the doub...