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I have been looking at small (1-4 unit) multifamily deals in Portland Oregon for the last year or so. When doing do diligence I have frequently been running into expense and income reports that show large sections of...
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On buying rental property what is the best way,15 year note or a 30 year
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Hello,I am looking to buy my first property using an FHA loan. I have a 4-unit in mind in the Lansing MI area and it is fully vacant. A few questions:Can anyone recommend a lender that can count 75% of the future rent...
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So found a great 3 bed, 3 bath all brick. Walked the property and later the same day agreed to a price, no contingency. Here’s the issue. Had an inspection and found big issues with the support beams in the crawl s...
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1st offer in on a 2/1 brick in great location with intent to flip. Offer is at 30k, will most likely land at 35k. The current rehab costs are minimal as the home is in great shape, so ~3000-4000 range. ARV should fall...
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We charge a $400 "entrance fee" plus $40 extra per month per pet. My wife thinks we should list and account for the extra $40 separately while I think it should just become part of rent for simplicity. We don't send m...
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When you buy a property to rent out and you paid the down payment with a loan because you have little to no capital except for 2 credit cards, what are some strategies to pay the holding costs?
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Hi,I'm new to the United States market. Am starting out in the Fort Lauderdale/Miami areas and currently building a buyers list and looking for realtors.In the meantime I have some questions:1) I understand that unli...
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Just curious what your experiences have been when you've tried to do some of the rehab yourself for one of your projects? Are you glad you did it? Do you wish you just paid a little extra to have someone do it? As a l...
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3 story - 3 Plex all rented $2100 gross rentscurrently under contract at $120k - electric separate metered but heat is owner furnished at about $3500 a year; Extra garage bays previously thought to allow for $600 extr...