All Forum Posts by: Zachary Ware

I would recommend starting with reading Volumes I and II of The Multifamily Millionaire. I thought these were a great overview of multifamily investing and a great place to start learning. Beyond that, I agree with @Doug Smith that networking and finding experienced people to learn from and bring in on deals is very important. 

Goodluck with the journey! 

Hey Islam, 

I recommend speaking with a broker/agent as they will be able to help in many ways here. First, they will have the market expertise to know rents, and comps, and will be able to find properties in your buy box. I would also advise speaking with a lender to find out how much financing you can get so you will have a good idea of the property price you should be looking at. There are some great options for both provided by BP. 

I would recommend getting into some content from Pace Morby. I have heard he is the encyclopedia for creative financing. 

Thanks for the informative post, Agostino. I appreciate you providing commentary from both sides. 

Hey Taylor, 

What aspect of out-of-state investing are you looking for advice on? 

Hey Michael,

What market do you live in and why are you looking in Cleveland? 

Using one for each property can get very expensive. I would recommend consulting with an attorney to find out why you would need a separate LLC for each property.

Thanks for the informative post! Are there any other major impacts this threshold increase will have other than on insurance? 

Make sure you are analyzing two situations. 1: You will be living in it and should be paying less rent than you would conventionally pay or make money. 2: You will be moving out eventually and want to make sure to look at it like any other investment property with rents coming from all units. 

Hey Josh,

There are certainly options for cash-outs that are not yet at 6 months of seasoning. What your lender looks at as the value (appraised value or cost basis) can vary depending on the seasoning. If you have an existing relationship with a local bank or credit union I would suggest asking them what they can do. Another great option is a DSCR loan.