All Forum Posts by: Alexander Schwartz

Hey all. So a good family friend's wife is selling her fourplex because they're retiring. It's not totally renovated but its in good condition in a great area and has a very desirable 4 car off street garage and it's 5 mins from my house and on the way to my gym.

Most of the tenants are long term, ranging from a couple years to 8 years. One tenant is less than a year. All good older people.

Flexible on price, but probably won't owner finance and I don't have credit but feel confident I could find an investor. 

Main problem: under rented. Since they own it outright, each unit is renting for $500 when I feel it could be $600-650. 

I don't really feel like throwing my spreadsheet public but if someone who is experienced with renting multi-families could message me i'll show you the numbers.

I feel it would be hard increasing rents, but it's a possibility because it is particularly cheap. Might be easier to buy an already decent and fully rented fourplex for my first investment vs a multifamily i need to rehab for my first one so I somewhat want to make this work.

If you have any input or need more info, a comment or a message would be super appreciated. Thank you all so much, I couldn't have even begun to crunch the numbers if it wasn't for this place haha.

 Definitely a great resource. I started with the how to become a millionaire section and the investing guide is up next for me. Thank ya.

 Hey nice to meet you! I sent you a message, thank you

Hey all!

My name is Alex and I'm 21. I'm a fitness addict and bilateral amputee! In the past i've had experience with entertainment, appearing on PBS and taking part in local films and grabbing a news spot. 

I'm currently getting my license to start agent work with a Berkshire Hathaway company with a broker who has some experience with rentals who is always available to talk and very welcoming and helpful. I figure getting started with agent work would be a good idea to get more comfortable with all the terms, numbers, and get some capital in general. I'm really looking for a more aggressive mentor to learn from, however.

In any case, my plan is to simply start with one multi family rental property to get my feet wet with investing and increase as much as possible from that experience. I'm interested in doing flips and wholesaling and new development as well.

In terms of rental, the goal is to move into commercial as soon possible (I'm not knowledgeable enough to determine when it's possible as of yet, still learning!)

I like having stuff to do, I like exciting deals, working for myself and having money work for me. I recall at a very young age specifically asking my grandma, a seasoned commercial property manager, when she would talk about her boss... "why don't you just be the boss?" 

And 10 years later... well here I am!

Any comments or connections are much appreciated! Looking forward.

Read through the whole thread, very informative! Still, was interested to see where someone would point him.