I'm ready to buy my first duplex. In our market I can buy a habitable duplex in a low income urban market for 30k. Rents are aprox $500/unit but will likely be low income urban or section 8 tenants. The ROI opportu...
I am looking at this 14818 Astrolyn Street, Winter Garden, FL duplex. Currently Rented for $650/ea side. $1300 Revenue. Listed for $99K. Beats 1% rule (good for florida)Now, value of the house aside (I think it is wor...
I saw this on our county's website. Can someone explain what this means? 2015 LOW INCOME HOUSING APARTMENT CAPITALIZATION RATE: 10.0% The Appraisal District is giving public notice of the capitalization rate to be use...
Investment Info:
Large multi-family (5+ units) buy & hold investment in Phoenix.
Purchase price: $762,500
Cash invested: $236,500
14-unit of 1BR & Studios that I purchased after another inves...
Hello!I’m looking to start my REI career. I work in clinical healthcare and I’ve been unhappy so I’m looking for change. I’ve been a part time contract worker the past year and have done my taxes which show my Adjuste...
Hi Everyone,
The issue I'm having is that the state I currently live in has extremely high prices. (WA) I'm just starting out and am hoping to buy a multifamily in the near future. I would love to buy in my state as ...
I found a 32 unit apartment complex (16-1/1--$500/month and 16-2/1-$550/month) that is enrolled in the USDA Rural Development Low Income Housing Program until 2035. The complex is listed for $675,000 and this price c...
Hi, can anyone help me out with this? I'm currently in the process of syndicating my first multi-family (portfolio of several properties 2-4 units) deal with private equity investors. Can I apply for investment bank l...
Greetings all,
I'm up against a not uncommon scenario; can't get a loan from my credit union because of my low income. I'm hoping investors more experienced than myself may be able to steer me in a more productive di...
Well I have 5 mortgages and every one was a pain in the butt to get through because of my income. My tax return only shows I make 15,000 a year after all my deductions, around 25k if you add back in depreciation and ...