First Multi-Family Under Contract

[Tony Castronovo]

Perhaps a bit premature for celebration...but after three weeks of negotiations I am pleased to say we have our first multi-family apartment complex under contract. We are transitioning from single family homes and hoping we can grow our business more quickly and profitably. It will be a new set of challenges and another chapter in our real estate journey. A bit nervous and hoping this is the right move...but can’t be content with prior success as without stepping out of our comfort zone there can be no growth. Wish us luck!

[Jay Helms]

Congrats @Tony Castronovo! A step in the right direction I'm sure and nothing wrong with celebrating the small victories. So congrats!! Even though it sounds like a few tough (assuming emotional) weeks of negotiations, I encourage you to stick to your investing criteria and if something during due diligence doesn't hit your marks, pass on it and start looking for the next one. 

An article that might interest you: https://www.biggerpockets.com/blogs/8160/50653-pur...

Congrats!!