Considering investing in a 5-plex. Planning on living in one unit for a while. I hear rumor of how taxes and other things change from 1-4-plexes to 5 and above-plexes. True? Could anybody point me in a direction of info?
Hi All, I've been in the states for about 3 years now, but have only really built up about a year and a half worth of credit. My credit score itself is excellent, and everything else, job history, income, reserves etc...
I'm trying to do some calculations using the calculators (in particular, the BP Wholesaling calculator for rental properties). I'm wondering, though, how to find the estimates for the expense calculations. I'd like to...
Hello all, My name is Joe Graham and I have been exploring the world of real estate investing (flipping homes) for the past few months. I have read multiple books, listened to podcasts, read blogs/posts, and spoke wi...
Due to a bad partnership with my then and current father-in-law (what a huge mistake) the few buy and hold properties we had were sold and I was gun shy on the business. Now at 56 I have re-entered. Excited about m...
For those of you who use a PM for your class B or C properties -Would your PM be open to setting up payday payment plans for your tenants?Example: Tenant gets paid SSI or other regular income by the 6th of each month....
I'm working on 2 houses that due to unforseen circumstances I will need $10k more for each house.In your experience if I reach out to my hard money lender can they increase the rehab amount on the loan? For some reaso...
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $285,000
This is a 7 unit building that I purchased in 2005. There were a lot of repairs needed, so I prioritized...
How did you finance you very first deal? What's the story behind getting financing? If you had to go back and do it again would you use the same strategy? If not what would you do differently?
I have LLC with 1/3 ownership between partners. I think we’ve asked if we can bypass credit being pulled on all partners. HML said an alternative is to change operating agreement to show >80% equity by primary borr...