All Forum Posts by: Laura Thorne

Looking at a complex with a cap rate of 7%-- how do I find the cap rates of other similar properties in the area?  Sellers embelish these numbers....

Congrats!  Pics look really beautiful.  I'd be happy to live there:) Very impressive that you can do so much of the work yourself.  You're at a great advantage!

Great advice.  Any other recommended ways to find brokers?  Meet up groups?

Looking for best online resources to find properties with more than 4 units.  Any suggestions?

@Ethan Vegas I'm not sure if I have so much local support.  My "friend" is my mom's boyfriend who's in his 70s and has never used a computer.  I'm not sure how he has done so well in real estate given his reluctance to learn anything new in changing markets, but he sure has!  Sadly he is not looking to mentor me (prefers to keep to himself) so this would be mostly on my own and with the help of people I meet networking.

Thanks all for your great recommendations.  I was intimidated by the 24 unit building, but this was strongly advised by someone who did just that and ended up purchasing seven more buildings that size.    

My husband and I are looking to purchase our first rental property, with the intention of acquiring more and more units over the next 30 years.  We have enough money (currently invested but not making much and we have huge management feeds) to purchase a 24 unit building.  We are prepared that beginner investors will make the most mistakes on their first property.  My question is should we break our teeth on a duplex, learning and possibly losing money, on a less expensive property, or buy as many units as we can afford?  Appreciate your feedback!

Hello!  I just started listening to Bigger Pockets podcast and reading "Rich Dad Poor Dad."  I have been interested in investing in residential properties for a few years and have saved up enough money to get started.  Looking to meet others who started with a multi-family home and bought/managed more properties.  Have many questions and am excited to start!