Lisa Carter
FHA/203K debt to income ratio woes
Hi everyone,I’m hoping for some ideas.I’m new to the forums but have been lurking for a few months. I’ve owned SFR’s before, but sold my most recent one about 4 years ago. May I just say, criteria has changed?!I've ...
Maximus Decimus
Advice on Potential 5 Unit Deal - Does it make sense?
I am looking at a 5 unit townhome building (each unit has been separated in condos, each unit pays their own utilities). Each unit is 3 bed/2.5 bath and has a attached 2 car garage. Building was built in 1999...
Pete Courtney
Multi-Family Fire Protection
I recently purchased a 3-unit house - it was originally a single family home, but the owners before us converted it to a 3-unit home. The property also came with a small commercial building where the previous owner h...
Royce Lusk
Where is the best place to find investors for apartment building
I’m in Texarkana TX and in need of some multi-family property investors. Everyone I know with one has multiple investors and I’m just curious if there are other sites/groups that I could join to help me build a team. ...
Brian Davis
No lease agreements, last month or security deposits
I am closing on a 5 family very soon. It's my first buy and hold. All of the tenants are TAW with no lease agreements in place. There are no security deposits and no last months rent being held and the rents are well ...
Gabriel Dent
House Hacking first time out of parents house
Hey guys Im new to REI and really life as an adult haha. I'm moving out of my parents house for the first time soon. I could get an apartment but I think house hacking would be more worth while. any tips and insight a...
Craig Lessler
Airbnb - Active or Passive - Deductibility of Losses Schedule C
I have a long term rental (SFR) which I converted to an Airbnb in October 2019. My property manager is acting as the host and we have already had multiple bookings.
Questions:
1. Is the Airbnb considered "Active" ...
Jack Smith
Expanding a legal non-conforming unit in Chicago
I run into this problem often in Chicago. A three flat building also has a full unfinished basement or a bit of attic space as well. I would like to duplex down the first floor unit into the basement, or duplex th...
Jeff Brown
New Construction - Duplex
How do you figure out if the duplex that your building will be worth it? I’m estimating it will cost me about 350-400k to build and rent for about 1700-2200 per unit. Any help will be appreciated. I am having to put a...
David Switzer
Question on Cap Rates
I understand that Cap Rates are not a set number in an area/property, and they depend on many factors. So here's my question:How do you strike a balance between higher cash flow vs building value? Example:----------...