All Forum Posts by: Jeremy Hunter

Well I can tell ya that multi family is everywhere and can cash flow alot more than sfh. There are many folks on here that do multi family investing and if you haven't heard of @Joe Fairless who has the Best Ever show I recommend it as well. 

Connect with me as well if you want because it is something I am working on as well. Have you decided on a type of neighborhood you are lookingfor properties in? 

Looking forwardto further connecting with you!

Looks pretty basic to me until you have a long history with them they probably won't do hundred percent on the rehab. But it really depends on the bank really on what they will do even with the long term loan. HAve you checked out other banks in the area? And if so are their terms about the same?

Welcome to  Bigger Pockets! There are some great resources here for you as well as people to reach out to here. And so not be afraid to reach out.  I find there is a great ton of value in the information found here. Hopefully it can help with your strategies down the road! Never be afraid of faI lure but rise to the top of success!

Looking to connect down the road with ya!

Any thing is possible if you find the right opportunity!

I wanted to say that if your looking at the vacation rentals I am sure you are probably looking at Airbnb and the other sites. I would suggest finding out what is big in your area and go with them. I am currently in Hawaii where vacation rentals have a strong foothold on a couple of the islands. I would also talk to an agent or property manager that manages vacation rentals to get a good idea what is working and what the biggest complaints are. One of my contacts here is an agent who manages a few vacation rentals which is where I got a good chunk of my info about the local vacation rental market.

Anyway just my 2 cents hope it helped somehow.

other people's money or opm would be a good bet. So raising money via other people and using other means of leverage like bank loans and credit cards are the other thoughts that come to mind. Leveraging other nontraditional lenders and hedge funds are other sources of funding. And it would also depends on types of properties being purchased where 20%  could be a couple of thousand and not ten thousand or more.

Remember that the folks that are able to do those deals have also been at it for awhile and have built up their credibility among the investor community. Build relationships with them and see how they have built their systems and processes for doing what they do. I know that there are ways to get their info from the podcast notes of those that you mentioned, and that would be a good starting point. 

Capital as an issue is a tough one but I think that with your expertice teaming up with someone who has the money and going 50/50 on a deal or 60/40 would be a good option. I would agree with 

@Dhru Das about your ultimate goal with getting into properties. There is even doing the rehab the rentals as an option. Look up the BRRR method. My personal thought is use the power of leverage to do both. Use OPM when possible and you can do whatever option you want to do.

Happy Investing!!

Congrats on buying right!! What a great start! Now to continue to build on your momentum!! 

Welcome to BP there is a great amount of info here along with great advice! Just ask or find the thread that answers your question.  Also if you haven't already found someone check out the Association of Property Managers for the area you are looking for and see what pops up!

Happy Investing!

Hey John, 

My thought is that with the 10+ unit bringing a partner on would help with the management of it, as well as help with some of the financial end of it.  To me a deal is a deal from sfh to multi-family, if the opportunity is good do it. 

Management of assets is just part of what you would have to plan for no matter the size or amount of assets owned. I would think that having a property manager would be a good way to ramp up on things especially when you do not have much time to self manage.  And having the property manager that works with you makes your life easier.

You could also use the rule of thumb time vs distance. If it takes longer to get to your property than it would take for someone closer to take care of the issue then it might be easier to have someone closer to take care of it.

Of ccourse just done thoughts for you. 

@ Kevin Greene I have also read Making the Yield and also found it to be eye opening to being a lender. I would also like to say that there is alot more I want to learn to make sure of everything I can get right. I think as stated being a lender one must be good at being a skeptic so as to protect the money being lent out. @Ann Bellamy I know I appreciate this thread as well thanks for putting it out there.