Lester Schmitt
Keep property as duplex or change layout to a three unit?
I purchased a 2 unit building in upstate NY in a small village where the Hospital is the major employer. My target tenants are traveling nurses and doctors who the hospital employs for 3-12 months periods of time. I h...
Mitchell Witkes
Banking for first property
Hi everyone,I'm closing on my first multi-family property in a couple weeks (Christmas present to myself!). I'm looking for some advice from some of the real estate vets on here. Let me go into some of the details of ...
Justin Goodin
Renovation Cost Breakdown
I spent $16,444 renovating this 3-bedroom apartment at one of my properties.Here's the breakdown:- Kitchen faucet: $76- Thermostat: $30- Bathroom hardware: $34- Toilet: $94- SS stove: $250- SS microwave: $150- SS frid...
Kyle Keller
Advice for upgrades
I have a home under contract, I'm looking at all of the upgrades required, roof, HVAC, and fixing wood rot are among those, otherwise the main things are cosmetic. Though, I don't think the cosmetic things will raise ...
Sandy Uhlmann
Is there any way to add rehab costs into a property I plan to buy for 1031 exchange?
When doing a 1031 Exchange, is there any way that I can purchase a property that needs fixing up and have the actual property acquisition price plus the rehab price considered when doing the Exchange? I have a house t...
Gil Enav
Question about refinancing in small multi family
Hey all, My wife and I are house hacking a duplex which we closed on back in February. The house is four levels with one common stairwell, each level having it's own separate entrance. I've looked into having the hous...
Travis Jacobs
Selling first SFH househack with final improvements in Las Vegas
Selling my first home in Las Vegas, house hacked to produce income to improve the property and pay for bills. My equity is not too sizable, about 60-70k. I've lived in the property for about 3 years and selling to hou...
Corey Edwards
REHAB LABOR COSTS: Has COVID created a way to decrease prices?
Labor costs in many areas of the country, especially in Charlotte, were at an all-time high before the coronavirus pandemic. Is now the time to push the reset button and get those labor costs down?Yes, I know everythi...
Ed O.
TrustETC Gold level service
Can anyone offer their experiences with the gold level service at trustetc? Is it worth it or unecessary? I'm hoping to get set up in the next few days.
thanks!
Ronda Gerry
An HOA story that stopped me in my tracks
I am considering buying a vacation/resort investment property in Myrtle beach and a friend told me a story about his colleague who bought an oceanfront condo in Florida. All went well, and a year into it, the HOA con...