All Forum Posts by: Allan Rosso

@Daniel Kong hey what's up man?? That's awesome you're doing your first deal! Are you buying in Hawaii, or long distance investing somewhere else ?

@Matt Gilroy one of the disadvantages of the converted home that I can think of , is that I would think the utilities arent sub metered. In a traditional multifamily, everything is typically submetered , and the owner doesnt have to worry about most utilities , since the tenants are each responsible for their own.

What about building the duplex, fill it with tenants, then hold for a year before selling it turnkey to an investor? Avoid short term capital gains?

@Zach Harsin, do you already have a lender willing to give you a construction loan? 

Hey @Account Closed, you'd still be diversifying your portfolio within real estate. During the last crash, the niche that came out the best, was multifamily. I think that if your 10 property portfolio is stable, pursuing a small apartment isn't as risky as you think. Just make sure you do a proper and thorough due diligence, and don't become emotionally attached to any potential property.

Definitely interested @Jordan Moorhead, thanks for the response!

@Pavel Reyes Valdes I appreciate your response!

Hello everyone, I am looking for referrals to good property managers in the Louisville area. 

I'm looking for someone that will be able to answer questions about the market, and is willing to work with investors.   

If they have a real estate agent/brokerage that they closely work with, I would love to get in touch with them as well. 

Thank you!

@Bryan T. most Rental Agreements will specifically address the issue of a renter renting out rooms or part of the property. In most cases I've seen, doing so requires Landlord/owner approval to do so. If you do it without proper approval, and the lease requires it, you'd be violating the lease.

@Darrell Lewis, do you have any idea what the property might appraise for? Rather than going the conventional route initially, you could look up a bank that does in house loans, and see if they will lend on appraised value rather than acquisition amount. If you purchase below the threshold they are willing to lend on (lets just say 80% of appraised value), then you wouldn't need to bring that down payment to the table, and sometimes they might even lend on the repairs as well. Just keep in mind these are usually short term loans (the bank I use does 6 month or 1 year), so you'll have to refinance at some point.