From the desk:
I have been saving toward a first purchase for two years and I now have two buildings I can actually see myself owning, in the same town, about a mile apart. The duplex is 315k. B…
From the desk:
Three units, two 2-bedrooms and a 1-bedroom in the back. The 2-beds are rented at 1,250 and 1,225, both tenants over a year, both pay on the first. The 1-bed has been empty since…
From the desk:
First property. Side by side duplex, 289,000, closing in three weeks. Unit A is vacant and freshly painted, unit B has a tenant who's been there nine years. Here's what I know abo…
From the desk:
We manage 61 doors across a mix, and the small multifamily side is where my margin goes to die. Ten percent of collected rent on a triplex at 1,200 average is 360 a month for a bu…
From the desk:
I've been putting money into other people's deals for three years and I'm looking at buying something myself for the first time, mostly because I want the residential financing th…
From the desk:
I have read this room for months and mostly kept my questions to myself, but I have a building under contract and the numbers have a hole in them I cannot close. Fourplex, 1962, 5…
From the desk:
I have four single-family rentals and I insure them for between 1,300 and 1,650 each, so when I put a triplex under contract I penciled 2,200 for insurance and felt generous about…
From the desk:
I've managed this building for six years. Four units, 1970s brick, two-bed each, one shared boiler replaced in 2019, separate electric, one water meter. Owner is 78 and wants out…