Going from 1 to 18 rental units in 2 years has been a fun journey. Here are some lessons I learned along the way that helped me succeed in multifamily investing!
Always Screen Incoming Tenants!Screening tenants is on...
I bought a duplex about a month ago in Minneapolis and just talked to my assessor. I'll mention that he knows me as almost all my properties are within a 2 mile radius and he's been in several when I've challenged my...
So, when Trump changes to no tax on tips I feel inclined to change my rental income structure.50% reduction in rent.Previous 50% made up from a mandatory nontaxable tip. This will be for my excellent service as a lan...
In need of advice.I have built up quite a bit of equity in a commercial building loan. I am considering re financing to cash out and pay off 10 residential loans. Reason would be to not carry property insurance on the...
Hey BP’s! 🎃Growing pains of a business which is starting to scale - I feel I really need to add more automations and smart software solutions but I’m not sure where to start.I own, with a partner, about 20 doors - sel...
I recently learned about the BRRRR method as an alternative to just getting traditional, conventional mortgages on rental properties, since I heard that there's a limit of something like 4-10 mortgages you can have ta...
About six months ago I bought a duplex. The address, for the purpose of this discussion, is of the form:351-355 NE 4 STREET...This is how it appears on the county tax appraiser's web site.So there is a unique street ...
I am looking to structure an owner financing deal. Here are the number:Purchase price: $320,000Amortization: 30 yearsInterest Rate: 5%Balloon payment: 3 yearsMonthly payment: $1717.00How do you structure/allocate you...
Hi,I have some cash that I'd like to invest on a commercial property. Eg. I saw a $230k office condo that is leased at 10% cap. Would like to get advice from the experts regarding financing and how to reduce my liabil...