Hello, I have been actively trying to buy my first 4-plex, but the market where I live they are scarce. I found one that is in a good rental area (I have been a property manager for 5 years) and looks to be pretty wel...
I'm making an offer on a quad tomorrow. I understand that unless you are from my market of Richmond VA, you may have limited commentary, but wanted to put it out there for thoughts.
-PROS
1920's quad in...
Does anyone use a warranty plan for systems / appliances or both? I ran across this cool program by Sears (Sears Home Warrantly) where they will cover up to 21 items at a monthly rate of $70 bucks and a deductible whe...
I recently moved my family from CA to Florida. I’m 35, married and have 3 young kids who are not in school yet. I’ve been thinking about what is the best strategy for me. So I hope someone can offer some advice. I hav...
A few months back I purchased my first multi family property as I was told throughout my reading and research you should always put money aside for incidental fees such as minor repairs around the property and big tic...
I'm looking to purchase a multifamily Unit in the Southern California area. How much money should I have in reserves when purchasing a multiunit? What is a general good rule of thumb to go by?
I'm considering if I should buy home warranty plans for my rentals. I got a quote of $1000 for 44 months coverage with a deductible of $45 each claim. Is it worthwhile? Or just pay the repair cost when something break...
Maintenance costs is the cash flow killer, if it exceeds the budgeted amount. How can we reduce this risk? Should we hire a property manager to cover maintenance or purchase a home warranty plan? My concerns:
1/ Prop...
I've found a SFR property that is listed at 108,000. Very sought after area currently. I know that when I remodel a few things and do some updates I can rent it for 1250. I'm using an FHA loan to finance this and will...