All Forum Posts by: Michael Barbari

Thanks @Jason Bott

I hope the remodel went well.

Thanks @Eric Munson

 It just gets frustrating when you look for a long time. You find something that cashflows then it ends up falling apart.

@Justin S.

@Eric Munson

Inspection came back pretty bad. 1 furnace was over 30 years old, electrical conversion was all done incorrectly, rear addition is pulling away from the house and on and on. Attorney is trying to get me 20k off. I doubt it will happen. Looks like I'll keep shoppin!

@Justin S. I have a multi and am in the process of purchasing another.  When I run the numbers on both in the region I'm looking to purchase, the multi's seem to cashflow better. @Bryan N.is correct. You will get better and more long term tenants in SFR's. To me I see it as if one of the 2 units is not rented my mortgage is mostly paid for. If I own a sfr and its vacant, that hurts. It's more risk unless you have several units to make up for it.

Inspection is being done as we speak. Fingers crossed!

No problem. It was a pleasure to help. Keep in touch!

@Dawn Anastasi

Sounds good. 

I forgot to mention I get 100% of the 2.25% at closing since I'm a realtor.

Thanks @Eric Munson

Very safe neighborhood. No rehab needed. Top unit just got granite countertops and stainless appliances. Siding may need some work in the future. Thats about it.

Thanks @Logan Hassinger