Yesterday (7/31) I closed on a $1.3M, 20 unit apartment deal that's going to net me a passive, positive cashflow of $3,000/month. This is after ALL expenses (PITI, PM fees, repairs, vacancy, capex fund, etc). My perso...
I've been analyzing several properties daily, and I can't find a way to make BRRRR work right now. I found one bank-owned property with the potential for a small positive cash flow. I connected with the investor-frien...
It isn't anything new and it has been well documented (whether you are aware of it or not). I'm curious to know if there are any personal experiences with redlining for those seeking conventional mortgages, especially...
What renovations are your best bet for raising your property to market rate rents?I had an "Aha!" Moment while analyzing Minneapolis multifamilies with below market rents today: "the right renovations will pay for the...
I am currently negotiating a purchase of a victorian 4-plex.
The pros:
Amazing location in one of Portland's hottest neighborhoods.
Immediate upside potential-rents could handle a 20% increas w no improvements; 30...
Hello all. I apologize if this post is poorly written!!I have been doing research into the hold strategy of: buying with cash (personal or borrowed), then rehabbing, renting and refinancing with conventional after sea...
Hello all,I have a question about including a refrigerator (and washer + dryers for that matter) in our rentals. Currently we have 4 rentals, all include refrigerators. As the fridge is technically personal property...
Just needed to blow some steam off in the group.All 7 of my accepted offers have fallen apart at the inspection phase.Each time we find an expensive problem in the inspection and the seller is not willing to make conc...