All Forum Posts by: Hoai Nguyen

I am hoping to get guidance on pros and cons of transitioning from SFH and small multi(<4 units) to larger multifamily. We currently own 12 doors. 2 quadplexes and 4 SFH. One of the quadplex we are under rehab with a good ARV so it triggered the thought of selling and taking proceeds and rolling into multifamily anywhere from 8, 10, to 20+ units.

Should I just stick to small and mighty with SFH and small multi or take the leap and slowly transition to larger multifamily. We dont want thousands of units, just about 20-30k monthly passive income. Is it better to do a larger multifamily or keep the smaller portfolio. I currently have a property manager so I would like to keep property management and not self manage. Wife and I are both W2 earners.

We are currently under rehab on a quadplex in OKC. We bought it for 160k, putting in 250k rehab. It appraised 740K when we got it appraised for the lender. We are buy and hold investors so this is an obvious BRRRR for us but I wanted to see what others would do in our position? Keep the property as a rental and get 100-150k after cash out refi or sell for gain of around 250K before taxes...

Can anyone justify selling and taking the proceeds???

We currently have a heloc on our primary but is there a way to access the equity on your entire portfolio? We have about 400k in equity in our rental portfolio. Are there lenders that have a product similar to a HELOC that will bulk all properties together?

Closing is 1-6-25....

I am buying a flip house from a wholesaler. There is a tenant in the home, no written lease. The tenant wants to stay 2 weeks post closing in order to get all of his stuff out. The house is a foreclosure so we cannot extend closing date. What can I do to ensure there are no surprises after closing and avoid a costly eviction? I got an estoppel agreement filled out to figure out lease terms, etc. I also got a written and signed agreement from tenant that is notarized for him to vacate on or before 2 weeks deadline after closing. 

Can you elaborate or can we hop on a call?

We are closing on our first quadplex next month. We currently have 3 long term rentals and are self managing. What are some tips and tricks or advice you would give to better manage a quadplex that might differ from a SFH? I am going to install quickset locks and they are all metered separately but looking for functional tips during the rehab process that might make our lives easier in the future and management tips. Thanks.