Anthony Nunez
Single family conversion to multi-family
I have a single family in the Bronx that I am debating converting into a multi-family. As a single family it is a 4 bedroom, 4 bath home (fully attached like many NYC homes). However, if I were to split the house into...
Bellman Tumasang
Renting Rooms Vs Units for Multifamily Apartment Buildings
Wouldn’t it be more profitable if for each apartment unit in an apartment building I rent them out by rooms rather than units. If so why doesn’t everyone do this.For example let’s say I had a 4 bedroom unit in an apar...
Rob Cook
My 8-unit Deal of the Year
Investment Info:
Large multi-family (5+ units) buy & hold investment in Cody.
Purchase price: $225,000
Cash invested: $425,000
I bought it all cash, but used a line of credit for the purchase fun...
Armand Farr
San Jose Rent Control
Hey guys, I'm looking at buying a multi-family house hack in SJ and wanted to get some clarity on the rent control laws:1. Does the 5% max rent increase (8% if substantially rehabbed) apply to ALL SJ apartments or jus...
Brady Mullen
Interest Rates in One Year
What
would I do if I knew where rates would be in one year?I'd like to make a simple argument. I'd buy either way. I know this sounds a little too simplistic, but I literally sold my financial practice after 18 yea...
Account Closed
Rising Expenses for Landlords! How To Keep Ahead
It is no secret that expenses have increased substantially in the recent past. In the last five years, the Seattle region has seen general apartment expenses rise nearly 25%. With expenses steadily increasing, it is ...
Joseph Scorese
Mortgage Rates Moving Into High 3's
Mortgage Rates Moving Into High 3'sMortgage rates continued lower today, adding to an already impressive streak of improvement that began in mid-July. Much of that improvement has come courtesy of increasing concerns...
Danny Mak
Adding Extra Bedroom into Home
I made my own analysis model for rental properties and I am trying to purchase in Lowell, MA.I am realizing how difficult it will be to cash flow with my small down payment on a home. So I want to get creative with th...
Don Bessette
Wording for a notice to move for full renovation
I have a 30 plus year tenant that can not keep up with maintaining their unit, it is filthy inside and in desperate need of renovation, all systems are in good repair and I respond very quickly when issues are brought...
Bob Galivan
Rethinking Vacancy Rate
Just about every ROI analysis I see includes a "vacancy rate" factor that is used to "adjust" gross annual income as an accurate representation of the rent that the investment can be expected to throw off each year. T...