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Looking for advice and a starting point. Would you do a 25 unit or 50 unit multifamily as your first deal? (I currently have 2 rentals, but they don't really count because I have a PM manage them)Beyond the "you need ...
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I have heard that, as of August 15, Fannie Mae and Freddy Mac have limited an individual to 5 mortgaged properties. I already have more than that many and am becoming liquid again and ready to buy in this down market...
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I've applied for a sub40K mortgage and my credit union is asking for a list of assets available such as a retirement account or accounts with other financial institutions. They have hinted that they may not be able t...
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Hell everyone! :) Posturing up to make my first offer, Ill keep it short:• 12 Plex on MLS for 1.2M
• All 2/1's (915 sqft)
• Current rents average $865 / unit ($52,000 NOI)
• Pro forma rents $1,400 ($100,000 NOI)...
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Does anyone know if there is a secondary market being started (or in the works) for any of these crowdfunding offerings? A "FOLIOfn" if you will, but for real estate crowdfunding the way Prosper and Lending Club alre...
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I am currently a student and will be commissioning into the Army next year. While my short-term goal is to start my real estate investing journey and portfolio by utilizing the benefits of the VA Loan, my longer-term ...
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Does it make more sense to pull the trigger on several smaller deals (duplexes/4plexes) or wait for one larger deal (8-16unit multifamily)? Or is it just about finding the right deal regardless the size and pulling th...
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The question is simple: do you have an emergency savings fund to cover mortgage and expenses should your tenant not pay? If so, for how many months?I would imagine as your portfolio grows, having that much cash sittin...
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Hi everyone,I have heard two different things regarding obtaining bank financing for a Multi-Family property (larger than 4 units). One is that the bank will finance you based on the income that the property will gene...
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I am at a crossroads with my current multi-families. I own three fourplexes in C-D areas. Luckily they're in Phoenix, so they have appreciated a bit and the rents are higher than I thought they would be by now. My ...