All Forum Posts by: Robert Rixer

Unit count is usually an ego driven measure many investors fall into. Buy what makes the most sense in terms of risk reward whether it be an 8-unit, SFH or something in between

I believe the phrase is "self-insure". But yes you're acting like an insurance company, you're pocketing the premium and betting that a catastrophic event won't occur. The difference is you have the risk concentrated on a very small sample size.

The new lender wouldn't care what the current loan is, as long as it's paid off. Assuming you execute the project properly and the rents support the mortgage payments, it should be no problem at all.

I understand you're trying to cash out, but if you have extra cash to throw at the property - you can get rid of PMI without doing a refinance which would make your payments really low.

@George Voutsinos Unfortunately none are too reliable. The problem is lists get dated pretty quickly, transactions are happening all the time, phone numbers change, people do a better job hiding their identity, etc. If there is a superior list out there, people get wind and the owners out there get called upon to oblivion. It's really difficult creating a high quality scalable list system. Personally, we have our own lists created using a mixture of the strengths of different platforms but very localized to our market. It's tedious and costly but the ROI is way better.

Hard to know for sure, you'll get dinged for being a duplex instead of a SFH, but being newer and nicer will definitely get a premium. Assuming the size/#bedrooms is the same as the comps, my gut would say they'd cancel each other out and you'd be around $1300

In theory, this should be a tenant paid expense. In practice I'd offer to split costs with the tenant (fixture would remain). If they accept, you know they really wanted it and would appreciate it. If they drop the issue, they were just looking for freebies.

"Hey NFL, can I play quarterback this Sunday?"

All kidding aside, by the wording of your question you need to do a lot of learning via books, resources like BP and in real life first. Start by investing in a SFH rental or duplex and build experience and a track record.

Reonomy is great for finding the owners name but the phone numbers are usually garbage and it also costs $300/month. 

Nothing here seems to indicate a fourplex is possible without rezoning. Usually the village is concerned with density.