I am currently cohabitating as a live in landlord with two other tenants in a multi family setup. One of the tenants has been with us for quite sometime now and the the other tenant has joined us only recently. They a...
Are you able to pair the home possible loan with the sweet home texas loan for down payment and closing cost assistance??
Hi All,I posted this elsewhere but not much feedback. Perhaps this is the better forum for it.There seems to be 3 common approaches to financing rental properties:1- Buy in cash. Hold in cash. Debt is bad. 2- Buy with...
We are under contract on a side by side duplex near our hometown in Ohio. We just found out that we are inheriting the sweetest 80 year old tenant who has lived in the place for 20 years. Market rent is $950+. This li...
Hello All,
I am pretty new to the landlord game but have been interested in REI for a little while now. I've run the numbers on my goal and would like to acquire at least 65 units within the next 5 years. Ambitious I...
We have been proposed a deal where we would renovate the sellers duplex from a 2 to a 4 and while doing that, our sweat equity would earn our down payment To purchase the property through them. Has anyone ever done a ...
Chicago is a hot market now but the State, County and City all have significant public employee pension and healthcare debt (that cannot be reduced except maybe in a bankruptcy). Property taxes are already high, but ...
I've been watching Loopnet and I came across a person selling 3 properties at once. I have looked at some of the data and it seems like it could generate some decent income. How would I go about financing this, cou...
Hi there, I am new to the industry and am seeking some help with a purchase and sale agreement legal for Texas. I have found several pdf versions but I am afraid they are multiple pages long. The shortest being 9 page...
There are many factors in small multi family that can really juice up the deal; however, there are also many that kill the deals cashflow as well. Which of the two options do you prefer and why?
Option 1. Buying a si...