David Lyons
Lenders for Multifamily conventional loans during Covid?
Hi all,
I was working on a pre-approval for a conventional loan on an investment property today with Chase. After filling out the application and talking to a loan officer, she told me they're not making loans on mul...
Justin Giroux
Billing Tenants for Heat in a Single Family Home
I'd like to know the best way to deal with heating in a single family home. As a landlord, I get a substantial discount on fuel oil that amounts to $500 per home per year. In multi-families I just include heat with t...
Alyssa Abegg-Garcia
Indianapolis neighborhoods for cash flow and appreciation
What are good neighborhoods in Indianapolis for both cash flow and appreciation? I considering buying my first rental property there, and am an out of state investor. Targeting single family/duplex/triplex/quadplex wi...
Luis Quetell
What's more important? Cash on Cash Return or Monthly Cash flow?
I pulled an offier on a Multi-Family property after finding out (adding) about snow removal in Western, Mass because the Cash on Cash % (CoC) dropped from 12.5 to 8% but the monthly cash flow was over $400. Thoughts/...
Al Costanzo
Can you house hack as a college student?
I am currently a student at West Virginia University and I was debating on doing a house hack as I got my masters here. I won’t have a solid income and that worries me tremendously in case I do have vacancies. I would...
David Yoder
Southern Orchard double
Investment Info:
Small multi-family (2-4 units) wholesale investment in Columbus.
Purchase price: $65,000
Sale price: $75,000
952 Stanley has a renter in place for $600/month (month-to-month).
Thi...
Reese P.
Is 40% down normal for SFR and under 5-unit MFPs?
I have a bank account with an investment bank (think of any of the major national investment banks). They told me today that to lend on a single family or under 5 unit rental property, they expect a 40% down and that...
Janel F.
Large multi family investing
I’m an investor from Brooklyn, ny. Currently have 10 units locally and long distance all 2-3 family units. Local units are self managed long distance units are managed by a pm. Short term goal is complete financial in...
Dan Cournoyer
Why? Lending Question on Loan %
When purchasing investment properties I've found lenders will allow 80% and in some cases 85% loan on the purchase price. I'm closing on one next week using 80% loan. My next property I'm hoping to do a BRRRR - purc...
Sarah Akin
Single Family Rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $80,000
Cash invested: $18,000
3 bed, 2 bath, 1 car attached garage single family home, 1200 sq ft, not fancy but s...