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Hi Team, I been presented with this "Deal" in Houston Tx. its a 4plex in an area around the universality of Houston. its lower socioeconomic area which I been told gradually been transform. The property is 100% occupi...
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When screening tenant, it's important to check landlord references. What's the best way to verify that the landlord listed on the application is really their past landlord and is not a fake landlord (applicant's frien...
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This year we increased our net worth by 355k from one deal! Here’s the story.
On January 17, at 10:30 in the morning I got an email from a wholesaler advertising a 6-plex in Florence, Arizona, for 320k. I usually bu...
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What is the best paint to use to paint kitchen cabinets.
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My first tenants moved out the other day so I went over to the property today to change locks and do a few other things. I was surprised to see how dirty the property was. There was no damage to anything but they had...
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Should I pay an extra 30k above the appraised value? It is multifamily. After said expenses, fixed and variable, it would net 2k a month. The CoC is 34% and the cap is 7.6%. I just dont feel good about paying an extra...
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Hey everyone,I created a forum post nearly two weeks ago asking for advice on the analysis of my first deal. I have since revised those numbers to be more realistic and conservative and to reflect that this deal is n...
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With present economy, my interest rate is now 8%, which is costing me 1,000 a month in interest. Some months I don’t make but interest only. It is my primary home, which I haven’t moved past this stage in investing, ...
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I see EVERY realtor on IG/ TIK TOK/ whatever; saying it's going to get more expensive to buy a home if you wait. You are a pumper. The inventory problem has not corrected itself, so prices could continue to rise, and...
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Ever since becoming a landlord, I have struggled with the concept of rent increases. The short story is I haven't done them. The longer story is that is coming back and biting me in the backside now. Expenses have gon...