All Forum Posts by: Mario Am

@Max T. What are u talking about? SFH is much more risk than a multi.

If you have a vacant sfh - you are paying money on expenses.

If you have a 10 unit multi and theres 1, 2 ,3,4, 5.... vacant units, you have another 5 breaking you even!

In my area buying 40 units building go for 5 million, and if you are lucking you might get 15 sfh for same price.

It is a time saver too since it is all under the same roof.

More doors - more money! Its a numbers game

Theres no doubt that multi family is the better

@Yonah Weiss no degree, I did have very hight but anti school, Ive had my own business for 5 years

@Olubunmi Adeboye Jr. did anyone find good SFR deals on the OTC?

@Anastasia Jordan Nevada is a tax deed state, what is your question?

@Anastasia Jordan

so even if it is abandoned I need to file an ejectment?

How long an ejectment take and cost?

And can I do it myself or need an attorny?

Thank you

@Ethan Anderson hey Ethan where did you find this map? I want to look up different area

@Erich Bradburn I would do a multi, your next step should be duplex/triplex/quadplex or even apartment building, the more units the better

@Inemesit C. Get an appraiser to get you the exact value of the house, if it is worth 500k and you are getting it for 370k absolutely go for it!

You can sell it and make 100k profit instantly, and this is the worst case scenario,

If you live in Brooklyn you will not find those kind of deals and you know it, maybe a 10k discount on a 500k property if you are lucky, take it fast fast fast.

Bump

@Ryan Enk how do you know what will be the cap rate for the area?