All Forum Posts by: Chad Acerboni

@Don Spafford - Thanks for the recommendation. I actually connected with Corby this past week. Had a great conversation and insight. Good suggestion! 

Hi All!

I'm a multi-family investor (5 - 20 unit properties) and looking to connect with Property Managers in the Boise market. Specifically looking at Ada and Canyon counties. 

Looking for recommendations that have a minimum of 3 years experience and understands how to set up property budgets. 

Happy to connect with any others in the area as well! 

Make it a great day! 

@Jacob Stewart - and the reason why the seller is selling? Is it owner occupied? Is the multifamily just an investment property for him/her? What are they going to do when they sell? They are okay with the capital gains tax?

Digging to find out the motivation to tailor the deal to his needs. 

Hey @Jacob Stewart - 

Congrats on the career change. Making moves! 

Do you mind me asking what is motivating the seller to sell? The reason I ask is because if you know this, you can leverage creating financing. If you are wanting to put no money down, there are some advantageous avenues that you can leverage to do so. However, it all depends on what is really motivating the seller or the reason why they are selling.

Also, do you know what your exit strategy is for the multi-family property when you buy it? Are you planning to buy and hold for cash flow? Or are you trying to fix and flip? Etc. This can make a difference. 

Chad

Thank you to everyone for the feedback! It is much appreciated.

BP Fam -

I currently live in Southern California and I'm looking to invest in my first multifamily property. (Duplex, Triplex, or Fourplex) However, I'm looking for it to be out of state. Being in this area, I do not want to invest a majority of my other assets and I'm not sure I want to syndicate on my first investment. I have been searching out of state, the prices are cheaper and it seems I can get into the market easier for what I want to put down.

I'm aware of property taxes in different states, the expenses of hiring a management company  to run, etc. 

I have a couple of asks:

1) When looking out of California, what would be a good market to start prospecting based on your opinion/experience? 

2) What tools do you use to identify market trends? 

3) Connect with anyone who does something like this now

Thanks. 

Chad A.