All Forum Posts by: Van Lam

Quote from @Theresa Harris:

Ask around to find out where people are looking for rentals.  Different platforms are popular in different areas.  Also look at your photos, description and price.

 Yes, Thank you. I will do that

Quote from @Dustin Tucker:

If you aren't getting any traction, you are probably over priced, you may want to consider a Mid term Rental to the Snow Bird community.

 Hi, I was check my rent comp, we are aligned on rent (almost the lowest in the neighbor)

Hi, I just bought my commercial multifamily in Gainesville in D Neighborhood but It was cash flow day one, I was super excited to go in there and do some brrr. After I did some rehabs on my unit, I listed on Zillow for 1 week but no contacts. Start worrying a little bit. What should I do to get more contacts? (It was 1 miles away from where, I consider as bad area). Thanks

Quote from @Konstantin Ginzburg:

@Lam Van

I'd be happy to answer any questions you have. To clarify, can you please specify what you mean by multifamily? There are two separate categories for multifamily properties. Any property that has 1-4 units is technically a multifamily property but is considered a normal residential property as far as lenders are concerned so the process to acquire a property like this is no different from acquiring a single family home. Any multifamily property with 5 units or more is considered a commercial property and that has it's own rules for lending and requires a different strategy. 

I am pursing commercial property and struggling find deals right now. Any suggestions ? 

I am pursing commercial property and struggling find deals right now. Any suggestions ?

Quote from @Ali Nichols:

Hey Lam, 

Very thoughtful post and best of luck on your journey. I think you are approaching this in the right way! Personally a big fan of building wealth through small multi-family. 

My suggestions would be to find a local meetup in your area, keep tuning into biggerpockets podcasts, think about your existing network, consider house hacking. 

 I wanted to extend my sincere thanks for your valuable advice on multifamily investments.

Quote from @Michael Blank:

I wish I had started when I was your age! Which part of this process feels a bit "daunting" to you? Analyzing deals, raising capital, just wrapping your head around the concept? 

Hi Michael, I read your book a year ago the financial freedom, Great book!! I’m facing some challenges in finding multifamily deals. The market is competitive, and I’m struggling to locate suitable properties within my budget. I’m working on expanding my network and refining my search criteria to improve my prospects.

 Any guidance or advice you can offer would be greatly appreciated.

Quote from @Devin Dougherty:

Get to as many networking events as you can. There you will meet likeminded people you can learn from on their experiences in your same area. You can also meet realtors there, who should be able to help you find the right deals that match your specific goals. Us young guys have to show up and show out, best of luck to you! 

 Thank you alot. I have been visiting some network events and learn alot

Hey everyone! I hope you're all doing well.

My name is Lam, I am live in Florida, I am 22 years old still in school.

For the past few years, I've been managing a single rental home, and it's been a fantastic learning experience. But now, I'm eager to take my real estate journey to the next level by diving into the multi-family space.

Making this transition can be a bit daunting, as it comes with its own set of challenges and complexities. That's why I'm on the lookout for advice and mentors who have successfully ventured into multi-family real estate.

If you or someone you know has experience in multi-family properties, I'd love to connect and learn from your insights. Whether it's tips on property acquisition, managing multiple units, financing strategies, or navigating the intricacies of the market, any guidance would be greatly appreciated.

Feel free to drop a comment or send me a message. Your advice and mentorship could make a world of difference as I embark on this exciting new chapter in real estate!. Also I would love to have in-person meet with anyone.

Thank you all for your support, and here's to new opportunities and growth!