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Multi-Family and Apartment Investing

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51
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191
Votes
Stacey C.
  • Real Estate Broker
  • Fayetteville, NC
191
Votes |
51
Posts

First REI Deal Alert

Stacey C.
  • Real Estate Broker
  • Fayetteville, NC
Posted Nov 9 2018, 16:10
Hello BP! Today my offer was accepted for a quad. It’s my first REI deal! All units are tenant occupied and the rents cover my estimated mortgage and maintenance fees and that‘s with me living there rent free! I’m super excited. 😆

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86
Posts
21
Votes
Fatima Champagne
  • Philadelphia, PA
21
Votes |
86
Posts
Fatima Champagne
  • Philadelphia, PA
Replied Nov 14 2018, 14:20

Congrats!

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1
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1
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Replied Nov 14 2018, 16:28
@Stacey Cook for some reason I didnt asume you could just take over as landlord. In my head I thought that you would have to renegotiate with each tenant . ....I'm new.😜
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17
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4
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Nicolas A Botello Jr
  • Developer
  • Austin
4
Votes |
17
Posts
Nicolas A Botello Jr
  • Developer
  • Austin
Replied Nov 15 2018, 23:46

@Stacey C. congratz!!

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18
Posts
13
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Mohammed El-Bashir
  • Attorney
  • Brainerd, MN
13
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18
Posts
Mohammed El-Bashir
  • Attorney
  • Brainerd, MN
Replied Nov 16 2018, 06:55

Congrats @Stacey Cook!

I just shared this with my friend in the Marines, it's a great template to follow

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7
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5
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Chandler Turpin
  • Concord, NC
5
Votes |
7
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Chandler Turpin
  • Concord, NC
Replied Nov 25 2018, 15:15
Originally posted by @Wayne Rainey:
@Chandler Turpin what’s house hacking? Thx

 An example would be buying a duplex, living in one unit and renting out the other. This essentially let's you live rent free or for a small price. You could do this with a single family home as well by renting out bedrooms.