All Forum Posts by: David Grabiner

Wow getting $400 per door cash flow (assuming 50/50 split with your business partner) is some great cash flow! You are so right that living frugally can do wonders for your investments. The less you can live on the sooner you can become financially independent and start doing RE full time. 
Congrats on achieving it in such a short time.  I will be making the full time switch in July, it is exciting and yet nerve racking at the same time. How have you found that change to be? How does it compare to what you thought it would be like?

 Thanks for the tip on Millard lee, I have seen the property before. We have another property just down the road from it so I like the area a lot. The rehab on that one is a little to extensive for my business partner to handle at the moment, however in July I will be moving back to the Chattanooga area and I will be looking for properties just like it that need extensive rehab.  My preferred areas are East Ridge and Harrison. 

Just FYI most conventional lenders are going to require a 25% down payment if it is a multifamily and it isn't your primary residence. 

Hi Grant,

It is good to see another investors in the Chattanooga area. I currently have several multi-families in the Chattanooga area. I'm always looking for more deals so if you start wholesaling multi-families I would be interested for sure.