When you are purchasing a multifamily property, the seller will be advertising the property performs at a certain cap rate.

I preached in “The Hands-Off Investor”, as well as on stage every year in my presentations at BPCON, that one of the strongest forms of “skin in the game” is “does the sponsor have a brand to protect?”  

In the next 5 years, we can buy one property per year with 25% down (~100K), and perform the same operation of using cash-flow for paying off properties next 15 years and we will have $15K/month net-profit which hits our goal adjusted for inflation (assumed at 3%).

The property is being modernized with brand new floros, kitchens and bathroom, windows are being added.

Background checkCredit checkPast performance.

@Dennis Boettjer be careful about basing your decision solely on past deal performance.

Ensure your records include details of any hired help and the tasks they performed.

It’s a brand new technology that hasn’t been done before.I agree that it is not useful for most people today, but it is still early days.

After nearly 3 years of operating history, I'm concerned that the properties are not performing well enough to warrant continuation of the venture, and I'm considering selling.

Here's a bit of background:I have over ten years of experience in real estate.I've bought and sold hundreds of properties in the past two years.I have six performing rental properties and aim to expand this to 50 by the end of the year.