To make well-informed judgements, think about going to the region, assembling a local team, and utilizing local knowledge.

My goal is to build a portfolio of investment properties in this region.

TWO EXIT STRATEGIES… proven strategies… or you’re not a professional investor… you’re just gambling with your family’s money.Almost ALL of the “ deals” I have been pitched in my region of Florida are built to assure that the wholesale gets rich… period. 

Hey @Mario J PerezAdvantages - Processing time, underwriting conditions, paperwork requirements, not impacting debt-to-income and/or personal credit, can own many and close in entities reducing personal liability (to name a few).Disadvantages - Rates tend to be a tick higher (less and less these days) and fees will be a few thousand more per deal, can be very regional, higher appraisal costs usually (based on the need for a 1007 rent market analysis on every one), can have weird underwriting conditions (lender specific)30,000 foot view at it, but the entity/personal credit side of things make DSCR loans really helpful as you start to scale, and especially if you are doing any personal borrowing for personal homes, cars, etc.Hope that helps!

You need to live or work in their region.

As I run the numbers on local listings, I'm curious to see if anyone has any advice on estimating insurance costs on small multi-family in our region.

I am a new member learning to investment real estate for 

Hi @Dev Chorawala - you'll find a lot of success attending 1-2 real estate meetups a month in your local region. 

Thank you so much guys.Best,JakeThe cost of building is regionally dependent and it also depends on the style, finishes and final use of the property. 

Specifically, the dramatic difference in purchase price and foreclosure rates in the States vs Canada.Granted, I'm sure that with enough digging, good investment options can be found in any market, but after a very quick comparison of my local market (Peterborough, Ontario, a city of under 100k about 1.5 hours outside of Toronto) with, for example, Buffalo, the price discrepancies are MASSIVE.