, and joining a mentorship/mastermind group, I bypassed smaller deals and jumped straight into multifamily investing.

In light of the recent 50bps rate cut, we're starting to see an uptick in requests for Freddie Mac SBL and Fannie Small Loan multifamily loan quotes.

Why would you want to do subject to vs straight owner financing?

As much as I'd love to be in the straight B class, living in SoCal and wanting my first purchase to be close I simply cannot make my first investment in a B from what I can tell so far.

I am astounded that much of what I see is hearsay and misinformation to a straight out complete lack of understanding. 

The only time we ever have a leverage cut is if the appraisal comes back rural, market rent is significantly less, or the credit score dropped under 700.

I can only assume that it is because the situation was so clear cut that they were a REP (IE full time development), the audits were focused around other issues.

Turns out, during construction, one of our vendors flushed something down the toilet, causing a clog, which led to the system overflowing and flooding the home.We ended up having to cut and replace drywall in multiple rooms and swap out the wet carpet, which will cost us around $10K.Mishaps like this will happen in Real Estate.

Hey Brian, you're not cash flowing, but you've significantly cut your living expenses! 

I have a duplex where the plumbing was getting backed up.Had a plumber go out there and put a camera in the lines and turns out there are roots growing into the plumbing from a nearby tree.The quote to rip out and replace the plumbing was a staggering number.My thought is to cut down the tree to stop the growing and then eventually put the liner in the plumbing.Any experience with this?