Landlording, Real Estate Investing, Rental Properties

MultiFamily Rental Property: 10 Minute Phone Call Will Lead to $13,000 Net Worth Increase

Just before closing on the 4 unit, I called the Section 8 housing authority.  Since it has been over a decade since last having a tenant who had a voucher, I wasn’t sure if/how I could increase the rent to bring it up to market. The biggest question I was wondering…would the tenant have to pay for the increase? or would their part of the payment stay the same? Would it adjust proportionally? In this video, I show you what happened and how it will lead to a nice net worth increase in about 6 months.

This video piggybacks on the video from the other day that explains the latest project as well looks at the numbers behind the scenes. You can check that video out here:  multifamily rental property video – 4 unit.

Do you have Section 8 tenants already? What has been your experience? . 

Please comment below, share on Facebook or Twitter, and don’t forget to subscribe to my newsletter to get my free property inspection form and repair estimating cheatsheet.

Take care,

Brandon

​Read More
Landlording, Real Estate Investing, Rental Properties

Latest Portfolio Addition – Analyzing a MultiFamily Rental Property

In this video, I step you through the numbers for our latest project addition. It’s a 4 unit that we picked up for $18,000. It should cashflow right out of the gate. In this video, I talk about our plans for increasing the income, and what the future value looks like based on current market conditions.

Hey Guys. Let me know what you think….good deal? Bad deal? I’d love to hear your feedback on it. 

Please comment below, share on Facebook or Twitter, and don’t forget to subscribe to my newsletter to get my free property inspection form and repair estimating cheatsheet.

Take care,

Brandon

​Read More