All Forum Posts by: Account Closed

Hey everyone, I recently decided I’m going to build a fourplex to owner occupy. I would potentially walk into this deal at 0 down for a $500,000 fourplex. I have one SFR rental, and was just curious, what happens to me if I have that and the market crashes? I keep YouTubing and looking for information but I don’t really understand why so many people lost so much? Did they invest incorrectly? We’re their mortgages called up? I just want to know what can happen and how to protect myself. Thank you!

Brent Kiger it won’t let me send you a message!

I’m a newbie with a property manager and it’s happened twice on my first deal already.

I’m looking at a fourplex next. I’m not managing this property myself.

So many good perspectives. I’ll have to figure it out. I think it might be better to get great renters for a little less. Plus it’ll help with financing the next one!

Thanks everyone! It’s in a small military town so the competition is not very high. Zillow shows that we have about 500% more views than all the other houses but that might just be because we are the only ones that took professional photos. The houses here are usually older without updates. The only downside is they include washers and dryers and we don’t. We’ve gotten two applicants now and it’s not vacant for another week. Both asked for $100 lower.

Thanks everyone! They’re making about 5 times the rental income amount and the property isn’t vacant until July 1. But they also seem like quality tenants and they’re going to be here 4 years because of their job. So that’s the other side of the coin.

So I’m finally moving and leasing out my current homes. It’s the most expensive one in our neighborhood right now, but we also put a ton of money into fixing it up. We’ve had two applicants now that said they’d sign a lease for $100 less a month. That’s below all the other houses that honestly the owners didn’t take care of or update. Do you normally allow haggling on rents? The numbers still work, but it’s obviously way tighter. Thank you!

Thank you! I’d be happy with any help I can get. I’m pretty excited to come back.

Hey everyone, The Air Force has decided to move me back to my hometown! I’m PCSing to whiteman by the end of the year. I’m looking to owner occupy a fourplex in Lee’s summit or blue springs. Just out there looking to network and meet some potential partners for larger multi family deals! I’ll also need a lender, CPA and also a lawyer. Thanks everyone!