Bonus Tip: If this quadruplex is out of state, I’d highly recommend building a reliable local team (cleaners, handymen, etc.) and maybe consider hiring a co-host or VA to help with day-to-day tasks, especially if you scale up. 

We are building a place with HELOCs then after it is built we will finance it and pay off our HELOC, at least thats our plan. 

It will be a run down apartment building before long.

Hello Justin,  I want to start with multi-family buildings with 5-9 units max.

Using my slow days to fill work for employees and build equity.  

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Build a strong network of mentors and industry professionals! 

I’m curious what rates look like these days for a commercial apartment building around 1.5M.If any lenders could chime in or investors who have seen recent rates please share!!

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

3) How flexible is the contractor about meeting at the property for their inspection to generate a bid?