All Forum Posts by: Steve Bracero

Welcome @Brad Blickenstaff

Site is an excellent place to learn and network. I am looking to invest in multi families myself in the very near future- 

@Chris Virgilio

That is plenty! There are many options you can invest with no money down or low money down. Pick a niche and learn just one niche at a time. For example, I am just interested in multi families so I analyze deals daily through the MLS. Take action daily and it will lead you to your goals.

Hi @Kyle Cabral

I have never looked into commercial- but am interested in small multi family properties. With the two spreadsheets, I noticed the vacancy was 5% seems low but might be accurate for the area you are looking into. 

Numbers look very good though! 

Working on purchasing my first multifamily to live in as an owner occupant. Looking to house hack for one year then buy a second unit after. 

Hi @Chad Hotovec

Congrats! Taking action is key and I also am taking small steps to reach my goal of buying my first multi family in the next 2 months... 

@Ayodeji Kuponiyi

I agree, 100/door should be a minimum. Great advice. You may want to expand your search area into a nearby market. It may take 100 deals to find one good deal where you get an offer accepted.. In my area it is difficult to find deals but it is the consistency that counts- Analyse a few a day and learn the process will lead to great results over time  

Hi @John Warren

This sounds like tons of progress in one year congrats! I am also looking to house hack for my first rental property purchase. Good job taking action and good luck on your next investment property purchase.  

Hi @Jerry Simmons

Welcome! This site is an excellent place to learn. I am also looking to purchase a multifamily very soon and get started. 

@Chris Bingham

Thank you for starting this discussion! this is very helpful since I am looking to purchase my first property very soon. 

Hi @Bryce Caron

I have listings sent to me daily for craigslist. This keeps me up to date on what a 2:1 or 3:1 will rent for in a specific area. Also you can use realtor.com. Watch your target market to understand what is fair market rent.