Jordan Akins
Should i refinance?
My dad owns 41 units right together. He has $800,000 in them. The rent from them have been paying the loan for 4 or 5 years. He said a few years ago they appraised around 1.2m and since then have fixed several of them...
Greg W.
Renting a unit to your property manager
Hi, I work with a property management company at one of my buildings (a 7 unit) at 9% of rents. One of the units was destroyed by a tenant and need about $7,000 of rehab. The property manager offered to do rehab in ex...
Franklin Marte
What is the best way to gain equity in a multi-family/Building?
I was told you can gain equity by renovating or by reducing the loan payments. Which is the best way or quickest way possible to go about it?
Jimmy Kiefer
Just bought 1st property! Financing type question
I just bought my first property and will be taking out a loan for $115,200. I am torn between a 15 year mortgage at a lower rate and a 30 year mortgage. A 15 year mortgage costs $60,000 less in interest but reduces my...
Peter Morgan
How much in liability insurance coverage?
Hello,I recently changed my home insurance, it was getting very expensive this year and I chose $100,000 in liability insurance for my triplex when electing. Should I get Umbrella insurance on top of it? How much doe...
Suneel P.
PMI removal impact
I have a mortgage of 30 years that was taken an year ago and paid 5% down initially. I want to pay down additional amount to remove PMI. What does that do for me? Does it reduce monthly payments or keep the monthly pa...
Ed O.
Buffet & Romney - How do they get their rates so low?
I've done a little bit of research and am curious to see if anyone can offer any genrealities or concepts that they use to drive their effective tax rates as low as has been reported.
The tax code is the same for al...
Kyle Kovats
Return ON capital VS. Return OF capital in syndications
How are your syndications OA's structured, return OF or return ON capital? Here is an example, 7.3. Distributions of Net Cash Flow. The Company shall distribute Net Cash Flow as follows: (a) First, an amount, if any, ...
Varinder Kumar
203k loan advise for multifamily.
I am looking to purchase a triplex. Its listed at a very attractive price of $499,000 in southern california, and the area is going for $650,000-$700,000. The property does need some work, it looks like someone starte...
Derek Cheng
Owner Occupied Rentals
Hi,I am a new investor in the capital district area in Albany NY. I am looking to do an owner occupied rental. Most of the calculators I've seen from a variety of sources don't really discuss mutlifamily analysis if t...