My first multi-family purchase complete, Thank you BP Community!

[Scott Titus]

I finally did it, I finally closed on my first multi-family property. Anyone who tells you driving for dollars doesn’t work is lying to you. Almost a year ago I identified a property I was interested in and dug down and found the owners. I sent them a letter and followed up with a phone call, but never got a response. I continued following up with that same owner every few months and finally heard back from him in May. 

After a LOT of conversations, I went under contract on a 16 unit complex for $151k and on August 11th, we closed. I’m also proud to say we are under contract for 3 more complexes now! I’m happy to go into a deep dive if people are interested, but don’t let anyone discourage you from staying the course, just keep being persistent.

We already started rehabbing the few empty units and my management company already has people standing by for units.  I want to say THANK YOU to the BiggerPockets community, thank you to all of the podcasts, Brandon Turners books, Ian Reeves for talking to me a BUNCH when I first started down the investment world and dozes of others who have let me pick their brains.  Thank you all BP and never give up.