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Updated about 10 years ago,
Working up to my first investment in a multi family as primary residence
Hi, everyone!
First, I just want to thank everyone involved in Bigger Pockets for making it a place that empowers people like me to make big moves. I hope I can pay it forward some day.
I'm preparing to contact realtors to find my first multi-family, live-in property. I haven't found my voice yet as an investor and would like to know if the letter below would tell a realtor what they need to know to help me to the best of their ability.
My detailed criteria would be well-defined for property analysis, of course and I have read almost all of the beginner and case-study guides commonly found here. :)
- Dallas/Fort Worth Metroplex
- A to B class property
- 3-4 units (4 preferred)
- 6-12 month tenant leases
- CAP rate: 7-10%
I plan to draft a investment proposal of sorts for the purposes of getting financing, if necessary.
Thank you!
Zach
DFW, Texas