All Forum Posts by: Lorina M.

Hi BP! My husband and I are looking for our first deal. We plan on partnering with my brother and considering multi family (3-4 units). We turned our starter home into a rental property which was almost 3 years ago. Now......we are ready but not really sure what is considered a “good deal” for a multi family unit. Here are our goals and questions: Multi family investment #1 - Immediate Cash return. Questions- 1.What would be a good cash return for multi family(is is as simple as breaking down the units and seeing them as SFH and considering the return per unit?)? 2. Does the 1% rule hold true for Multi family in regards to rent vs purchase price? 3. What are some creative finance options After we purchase our 1st property the goal is to reinvest and continue to purchase more multi family units. Any insights, what to watch out for , definite do’s and definite do NOT’s are welcome. Thank you in advance.

Hi BP! My husband and I are looking for our first deal. We plan on partnering with my brother and considering multi family (3-4 units). We turned our starter home into a rental property which was almost 3 years ago. Now......we are ready but not really sure what is considered a “good deal” for a multi family unit. Here are our goals and questions: Multi family investment #1 - Immediate Cash return. Questions- 1.What would be a good cash return for multi family(is is as simple as breaking down the units and seeing them as SFH and considering the return per unit?)? 2. Does the 1% rule hold true for Multi family in regards to rent vs purchase price? 3. What are some creative finance options After we purchase our 1st property the goal is to reinvest and continue to purchase more multi family units. Any insights, what to watch out for , definite do’s and definite do NOT’s are welcome. Thank you in advance.

Thanks everyone.

appreciated 

feedback is greatly appreciated

Hi, I've never renoed a home before and looking to by a rental  property that was flooded in Harvey. This specific home  has never flooded before and is not in a flood zone. Right now is 60k under market value. It's in need of all drywall, floors, and cabinetry. 

Have any of you renoed flooded homes?

What's to know? What to look out for? Should i stay away all together? 

I'm new to this blog and real estate. I'm interested in purchasing tax property. I have not been to a tax auction yet and wanted to know if there was a way to buy before it hits auction.

Is it difficult to get title ins on those? 

What's the best route to start as a newbie? 

The recent flood here was very devastating but does that create opportunity to investors??

What is the best route to go when trying to acquire rental property?  

All responses are greatly appreciated.