New Mutli family investor

[Jimmy Alfaro]

Hello everyone, My name is Jimmy and I'm from the bay area. I am semi new to the investor circle. I have gotten a lot of my knowledge thru MFM ( multi family mindset). I am now looking forward on building my portfolio and looking my first property. Any helpful tips will be very much appreciated. Thank you

[Alexander Yates]

Hi @Jimmy Alfaro,

I invest in commercial multifamily (5+ units) in the Cleveland, OH area. It's more of a cashflow play than appreciation but there are definitely deals to be had. Entry price points are much more affordable than anything decent on the west coast. For example, my partner and I acquired a 6-unit for $190k; currently undergoing a $150k rehab and should be worth $410k+ after all is said and done. Cashflow will be around $20k/yr (>30% cash on cash return). 

Not sure if you're looking to invest locally or where the numbers make more sense but feel free to reach out if you'd like to connect.

Regardless, keep us posted on your journey!

Cheers,
Alex