I'm currently evaluating a 4plex opportunity that came through a direct mail campaign. So far, the initial #'s look good.
The seller is requiring a sales contract before I can step foot on the property. He insist...
Hello All,I’m on my second house hack in Chicago. My first was a 2 unit with an FHA and my second was a 4 unit with my VA. I have no entitlement left on my VA.
I was a bit interested in Assumable a loan for a proper...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $86,200
Cash invested: $37,500
Sale price: $125,000
Duplex in the Old Brooklyn neighborhood of Cleveland...
Hi Everyone - this happens to be my first post on BP, excited to be part of the forums.I've been investing for about a year and have purchased 4 units in metro Denver at an average cost of around 150k/unit. I had a th...
I have a theoretical question that I wanted to run by the community. I am analyzing a 4-unit building in an up and coming area. The numbers pencil out fine as is but I wonder if down the line the condo market in this ...
I need some advice.I’m in the metro detroit area and I’m looking to purchase this multi family property that only has one furnace for both units, water and electric is separate. My question is I guess will be responsi...
Hi,I'm curious what guidelines you follow to determine if adding value to a MF apartment makes sense? For example, lets say that updating each unit can increase rents by $100/month. What is the max that you'd spend ...
I have been looking for a good local lender in my area and several of the banks are telling me that its 25% down for 2-4 unit properties. Is this bank specific or has the requirement to put down gone up? I've noticed ...
For example, I set aside a specific amount for each rental. Each year it comes out to about 7,500 in reserves to cover vacancy, maintenance, for each of a small handful of rentals (let's say 3). It's really rare I hav...
Hello real estate investors! I recently found out about bigger pockets and can't express how grateful I am for all this free information and advice. I am looking to invest in my first multifamily investment property (...