All Forum Posts by: Zach Howard

If you can't make the deal work WITHOUT a GC, I would walk away from it. Plenty of other deals out there. Only go after the ones where the numbers make sense without you needing to cut corners or work some "magic" to make the deal work. If the numbers work, though, go for ANY deal regardless of the size and scope of the project. 

That's the way I look at things -best of luck to you. 

 Send me a DM - let's talk! PS: I have nothing to sell - just like connecting with like-minded people to exchange ideas and learn from each other. We'll go faster that way. 

@Tibor T.

We are in a similar boat. Whereas I haven't taken the plunge just yet, I'm almost ready to do that. I may not flip though, but rather rent. 

 How are those working out for you so far? Any advice for someone looking to potentially self-manage? Would it be possible to hop on a call? Thanks 

 Great - where are you based?

How do you plan to find the deals? Seller-financeable deals aren't too easy to find, and the prices tend to be somewhat inflated when you do find them. Would love to discuss this further. I'm also curious about the property management for the size of property you're targeting in terms of unit count. I think we have some similar ideas/goals, so would be great to hop on a call etc. 

Thanks.

Does anyone self-manage from out of state? Would really love to discuss strategies, challenges etc - doesn't matter which state you self-manage from or invest in. Would love to jump on a call. 

Thanks. 

I think you'd need to share more about the numbers to get proper advice. If the is willing to carry the deal that gives you a lot of flexibility in how to possibly structure it. Me, I'd go for a fixed rate long-term cash flowing from day one deal, and then I'm fairly confident it will be easy to line up money to fund the down payment, etc. 

 Oh, I want to add with commercial multifamily, I'd look for a cash-on-cash return of 20% or walk away. There are many more properties available - search for the one where the numbers make sense. 

If you have a good deal that pencils, try to partner with someone else and take down the 32-unit deal. Multifamily is a team sport, find some partners and go for the win!