All Forum Posts by: Lawrence Morello

@Justin Wotring great job!!!!

@Jeff Byrne

You are not alone!

This seems like the same reaction many of us “newbies” get from our friends and families.

Do your thing, read, listen to podcasts and make this REÍ happen. They will come around once you own a few rentals!

@Jeff Byrne

Hey Jeff, loved Reading this because I am in the same exact position as you are. In my position my family does not at all understand what I’m doing nor support it, and it can be discouraging to say the least. What I am doing is just going forward with my Education and responding to them when they have questions. I am hoping that when I start networking and attending conferences I will meet more like-minded people (like yourself).

The other day my family member sat me down at the table and criticized my plan every step of the way, I also plan on house hacking for my first property either a duplex triplex or four Plex. He sees negative on every deal and after 10 years he himself has never been able to pull the trigger on an investment property.

Please feel free to contact me at anytime to discuss your plans, my plans or just to shoot the poop. Just keep moving forward With your plans and hopefully prove everybody wrong. It’s not about them it’s about you and your life and your family.

@Jonathan Greene that is great advice and I will do Exactly that when I’m closer to buying. 👍🙏

@Jan Kerr I'd be comfortable either way as long as the numbers worked... it sounds as if the MLS listings may not be the best way to go, what are some other ways that you could recommend?

Good cash flow is my number one requirement so is there somewhere that works better for investment properties?

May be that people searching for SFH and RE investors need to be dealing with different realtors.

Thank you again

@Jonathan Greene thank you. As you can see I am a total newbie and thought that I may be able to get some of the legwork done in deal hunting and cash flow analysis by setting up specific criteria like # of units under contract, their condition and some expenses broken out...

From your message it looks like I may have to that analysis on my own for each property. That isn’t a problem and as I get more familiar with the process I’m sure that it will get faster to analyze properties. Any other tips that you may have for finding my first Multi-Fam property would be appreciated.

Hello,

I am looking to invest in a house hack and my sister-in-law is a real estate agent. She is willing to set up a recurring email that lists available multi-family properties in my area through the MLS.

Could anybody help me as far as far as setting up criteria for this search?

I am looking for a three or four family unit that gives me good cash flow.

Any help you could give me would be greatly appreciated! I don’t know much about where to start...

Congratulations! Looking forward to closing my first deal soon enough. Great job

@Renee Yarbrough

At least you got your feet wet and gained experience for the next deal! Great job