All Forum Posts by: Account Closed

Hey @Scott Choppin, just want to thank you for the very informational and detailed posts you are uploading. This is exactly the route (Urban Multi-Family Infill Development) I want to take for real estate. I live close by and will definitely be rolling by to see the progress! 

Hey all! Check out this deal I came across and let me know your thoughts on it! I did this at the assumption I would be purchasing the asking price!

Info: 3-1 bedrooms, 1-2 bedroom, and a commercial space

Rents: I assumed $200 less than the average active listed rents in the surrounding area

Returns: Interested to see what you guys think about this deal!

If the image quality on the JPG below is bad, here is a link to my google drive! 

Subject Property Analytics

Good evening everyone,

I live in Santa Monica, and without a ton of money it is nearly impossible to find a deal! I am looking to get into some multi-family deals and have narrowed down to a few possible cities shown below:

• Houston, TX
• Minneapolis, MN
• Fresno, CA
• Bakersfield, CA
• Burbank, CA
• Canoga Park, CA
• Riverside, CA

I have a few questions for the community!

1. Without having access to local MLS, what is the best way to start finding deals around here?
2. Assuming I find some possible deals, how do I begin approaching GC's to help me get accurate construction bids for value-add properties?
3. Should I approach local lenders or go to my national bank to become pre-qualified?

Thanks in advance and if you have any info on any of these areas, please do not hesitate to reach out! I love meeting new people and discussing deals!