Hello BP community!

[Robert Quiroz]

Hi all,

Brand new to BP and just starting out with multifamily RE. My parents have 40+ years in SFH rentals and have done quite well for themselves and have educated my sister and I quite a bit about the industry. I'm taking a the Multifamily/commercial RE route to increase cash flow and timelines. I've read Michael Blank's book: Financial Freedom with Real Estate Investing and have started to do some research on markets I want to invest in.

I'm currently looking for more resources so I can see how real people are finding and closing real deals and what are realistic and possible cap rates and cash on cash rates.  Michael's book seems to be a bit unrealistic with the deals he uses as examples.

I have $200k of capital now, $1M of capital in June '25 and another $1M available when I get some units under my belt.  Looking to replace ordinary active income completely with passive income as quickly as possible while managing risk.

Rob