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Articles by Robert Rixer
Late to FIRE in my 50s with an idea & some stupid questions - pls don’t kick me out
Hi, I am brand new on BP and I hope ya’ll are not laughing me out. While I am not brand new to real estate I now want to start really making it a business. To be very honest, besides listening to the podcasts for a few months I don’t have a ton of actual knowledge. The question I have is a bit extensive but concerning an actual property and I hope y’all are not kicking me out for asking (a) stupid question(s).
Looking to convert multi family property into condo units
I currently own a 3 family home in park slope, Brooklyn. The zoning is R6B. I have always dreamed of getting into real estate development. The property is owned free and clear with no mortgage. Here are two options I have: 1. I intend on demoing the property and potentially building out 6-8 units. 2. I think I can get the neighbor to sell her property which is semi attached to mine - for an even bigger project. Either way I will need capital.
Ground Up Construction for Duplex
Hello all, I am still trying to get my foot in the door in REI and I have been looking at fix and flips it in my area those are slim and the numbers are tight only because I have limited funds and was looking at doing JV's. My main question is I have seen a number of multi-family units but they are pretty run down and for the price it's almost the same or better to build new. With that being said has anyone ever used Owner Financing to purchase land? Does this type of purchase allow construction?
New Construction 4plex Vs Purchasing 4plex
Hello Everyone, I am located in Killeen, Texas and planning my next investment. We currently own 1, 4 Plex and am working on strategizing the purchase of the next one. I want to house hack the next 4plex with a conventional primary loan using 5% down. My other option that i am considering is doing a new construction on a 4plex. My question is.. does anyone have experience getting a conventional primary loan to build a 4plex and what if any experience can you share regarding the building of one.
Seeking Financing for a 10-Unit Apartment Building: Recommendations Needed!
I'm in the market to acquire a 10-unit apartment building with a purchase price of $950,000. I find myself in need of a loan or lender who can provide a 25/30-year amortization with a fixed rate for the entire term or maybe with only a 1relock rate. Have any of you recently collaborated with a lender who offers such terms? what are the current interest rates? Primarily, I'm leaning towards conventional lending, but I'm also considering the Debt Service Coverage Ratio (DSCR) loan type.
Is the high cash investment worth it for potential returns? New investor here
@Bethany Young, I am going to echo others sentiment: the price implies a crappy area (maybe I am wrong) OR a MAJOR renovation. If a crappy area, I would not try to STR it, since you will likely be getting people who want a CHEAP place to stay. And while there are good guests/tenants at all price points, the averages tend to be that lower price = harder on property. If good area, the price implies major renovations, in which case, I would think you are looking at well over $100k rehab.
Inherited 28 unit portfolio
Quote from @Jacob Sallblad: Hey guys, first time posting here. I hope I can get some insight on what to do. I was fortunate enough to inherit a 21 unit multi family building. A 5 unit multi family and a duplex plus my dad's house. All of these assets are paid off. I know there's a way to leverage this into some healthy growth.
Sell at a loss or rent at a loss
@Lexi Blocksom suggest you discuss in detail with @Russell Brazil You've made a mistake thousands of naive investors have made - expecting Class A results from Class C & D properties:( In general, you'd want to compare what you can sell the property for now versus what it would cost to update it and what you could then sell it for. Two concerns: 1) How much of the repair investment would you get back? 2) How fast would it sell if repairs made vs not made?
Investor Meetups/Masterminds South Florida
Followed Discussions Followed Categories Followed People Followed Locations Multi-Family and Apartment Investing Market News & Data General Info Real Estate Strategies Landlording & Rental Properties Real Estate Professionals Financial, Tax, & Legal Real Estate Classifieds Reviews & Feedback Updated 8 months ago on 10/22/2024.
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