The average single family home price in the United States is $295,300 as of June 2020(NAR). Multi-family residential (2-4 units) properties have followed a similar trend, some market areas reaching $200,000+ per unit ...
I just closed on a property yesterday. At closing the seller hands me a letter from a single tenant requesting the landlord give the OK for her husband who is getting out of jail in February to be able to stay there, ...
I'm curious what the opinion/prediction of the experts is on mulit-family the next few years. What I have seen in Utah is cap rates coming down from 7% +/- to below 5% in many areas with older properties. The invent...
Hi Guys,I have been looking around at various deals for months now and I think I found an off market deal that might be a good investment. I am having a difficult time overcoming the fear of overpaying or loosing my s...
Very very preliminary. Multi-use commercial space. Purchase price, $600,000. Long term tenants. Net operating income of $150,000 a year. Expenses of $56,000 a year. Cash flow after mortgage, $5,500 a month. No expr...
Hello everyone, my name is Dave. I’m from the Detroit Mich. area I am new here and wanted to introduce myself. A little history on my investment real estate journey if we can call it that….
Back in 2005 my wife and I...
Currently charging $1000 a month and lease renews on 6/14. Current tenants are easy going but are late alot and take ok care of the property, they could do much better but I can live with it if it does not get wor...
I've been looking at multi-families, and few ever get close to cash flowing with my specific circumstances, but there are some properties that could work... but only if the rents were increased. So I was wondering how...
Howdy, I find this forum to be an excellent source of information! Thanks ahead of time. I've learned a few things as I explore diversification options in real estate. I need to learn much more.Over several months, we...
My wife and I are split 50/50 on wether or not to pay off all our existing debt such as student loans and auto payments before we take on more debt to invest into real estate, or we begin saving to buy our first renta...