All Forum Posts by: Tom Wagner

Are you looking in up-and-coming neighborhoods? Or D class neighborhoods? I would be cautious about the neighborhoods you are looking at, as 8% cap properties generally are found in worse neighborhoods, which could cause you headaches as a landlord.

Do you know of anyone successfully pushed above $2mm on a fourplex in Hawaii? I just want to meet the person in the USA with the largest FHA 1-4 unit mortgage!

Fourplexes are going under contract in two days? I thought my market was hot... 

I disagree with this. FHA buyer offers are still getting accepted daily across the country on 3-4 unit homes. I close on one in Jersey City in the fall and hear about people taking down homes with FHA all the time.

Sure, your FHA offer might get ignored on an SFH, but the buyer pool is smaller and there is less competition for tri's and quad's.

Following! Would love to see more concrete details on what numbers are looking like in various Las Vegas neighborhoods.

Just to clarify, this could happen with any property. It's not a problem that you bought a triplex -- the problem is that you bought a presumably old house with electrical issues.

Airbnb is 100% the right choice if you are able to get a permit. Once things get back to normal in a few months your returns will exceed long term rental returns by a wide margin and more than make up for the lack of revenue now!

The FHA limit in Hawaii on fourplex is over $2mm!! Has anyone in Hawaii successfully landed a fourplex for $2mm+ with just $70k down? Do such properties exist?

The ~800k fourplex in Chicago is a slam dunk. For less than $50k down you'll likely be generating massive wealth via four avenues: cash flow, appreciation, debt paydown and tax benefits.

The cash flow will exceed anything you can generate in Milwaukee with a similar down payment, the debt paydown will total $15k+ per year and 2% appreciation would come out to ~$15k. A total net worth increase of $30k+ per year, and a Net Worth ROI of ~60%.

A good FHA investment will always blow any alternative out of the water.

Congrats!