All Forum Posts by: Daniel Tanasa

Hello Courtney, 

Welcome to Bigger Pockets. 

You didn't mentioned what kind of multifamily properties you're looking to invest in ( 2-4 units or 5 units or more). Depending on which of the two it is, the strategy will be very different. Since you mentioned you're new, I assume you're planning to start with the small multifamily up to 4 units. As it was mentioned, I think doing the househack  strategy is one of the easiest and safest way to start out your investing journey. 

Feel free to reach out if you have any questions and I will be happy to point you in the right direction. 

Good luck!

Hello Seth, 

I have a few clients that have good success with the co-living model and I had one of my properties rented at one point to someone that was doing co-living in it. It can be a lucrative strategy if you are looking to maximize the cashflow with some extra work. 

Feel free to send me a DM if you have any questions and I will be happy to help you with this. 

Good luck!

Hello Teni, 

Let's discuss more about this. I just sent you a DM. 

Hey Brandon, 

Congrats for getting your first property. For free tools for managing you can look into TurboTenant, Apartments.com or Zillow property management. 

I am personally using Tenant Cloud, but their cheapest plan is $17 a month now. 

Feel free to reach out if you have any questions and I will be happy to point you in the right direction. 

Good luck!

Welcome to the Bigger Pockets community Kamea!

Happy to connect!

 Just answered to your DM!

Hey Donald,

Probably breaking it up and sell it in 1 acre or half acre lots could be a good way to go about it if you want a decent and fast return. 

Depending on your experience and skillset you can look into developing also, but that is a big endeavor of you have never done it before. 

Let us know what you decide. 

Good luck!

Hello Vaughn, 

I have a few investor clients that are looking to buy a portfolio of properties depending on size and location. Can you send me details and price? If you haven't figured that out and if you want me to help you calculate the valuation for it I will be happy to do that and send you comps. 

Feel free to reach out if I can help. 

Good luck!

Hello Murry, 

Congrats for getting a good amount in business credit, that's good to have it there as a backup. 

The good news is that you never actually need to use your credit card for a downpayment for a BRRRR if you buy the deal cheap enough. A hard money lender will lend you 100% of purchase and 100% of Rehab (some hard money lenders will lend you 100% of closing costs too). The only time when you need the money will be to pay for the rehab upfront and after that the hard money lender will reimburse you. But in order to be able to pull this off you need to get pretty good at finding discounted deals. Either from off market direct to seller marketing or from wholesalers.

I see you're in Houston also, I am doing about 5 BRRRR's a year using this strategy here in Houston. I will be happy to share with you some of my lenders, send me a DM if you want to talk more about that.

Good luck!

Hey Chan, 

Welcome to Bigger Pockets and to the Texas Market.

What are you planning to invest in down there? What made you chose that market?