Hi everyone, I've been toying with the idea of putting some nice amenities in my rental units to increase rents and reduce vacancies. I recently did an overhaul in my kitchen in my primary and it was fairly cheap, I p...
I live in NYC. I need to buy my first multifamily property.I have sponsors and investors for deals up to $7MWhat should I focus on and why?I expect to be investing out of state due to compressed local cap rates.Anyone...
Have been doing research and I know actual rent here is higher than the average data that is showing. Have a 5 bedroom house, plus huge bonus room that can be 6th bedroom, with 4 car garage and 3000 sq ft home. We jus...
Hi allI am looking for advice and ideas on how to proced forward. I am a buy an hold/ buy fix and hold investor. I just 1031 exchanged out of a property that was just breaking even into to duplex tennants in place and...
Looking for a bit of guidance on how to get started in multi-family rentals. I'm targeting a 10-20 unit apartment building within the next year or two. I think $1mm-$2.5mm range would be a realistic purchase price. I ...
Hi,I recently purchased an investment property out at Memphis, TN last month - 4/2.5, nice schools, low crime, etc. and the appraisal came in at $140K. Comps with better condition around the area was $155K (so -15K f...
So I have a unit that is a section 8 tenant whos rent is under the FMR By 262 dollars.. Their lease is about to come up in August... Am I able to raise the new lease by 262 and put the unit at the FMRAlso, can I find ...
It is nice to have the equity from the appreciation we are having but the tax increase is killing my cash flow. I guess when looking at the equity on the back end it is still a win but this is making things a bit tricky
Hi all - figured I'd share a thread recently posted on twitter running some numbers on whether DSCR loans still make financial sense in the current climate of spiking rates. Would love any feedback or thoughts, parti...
Background:
Hi,
I own and live in a two family home where I rent one of the apartments (above mine) out to a small family. The apartment is a renovated 3br, 1 bath in northern NJ with heat and hot water included. Th...