I’d say start by learning the basics of underwriting and market analysis, and don’t hesitate to connect with experienced multifamily investors for insights.

Be sure to refine your deal analysis by focusing on cash flow, the 1% rule, and cap rates to ensure solid investment returns!

Hi BP Community,I’m reaching out to the experienced investors here to learn more about how you approach deal analysis and risk management.

so much private land has been logged and replanted since then.. in those days we would buy a 40 lets say for 150k  take 200k of timber off of it then sell the land on contract for same price then hypothicate the note to pull out more cash rinse repeat.. we also would use our logging roads and staging areas stratigically so when we left the roads were in the right place to do a 4 way lot split and the landings/stagging areas became the building pads.. in the NW permits for logging are not tough.. in those days it was over the counter and there was nothing you needed to do with regard to excavation.. however if I just bought the land and wanted to put in roads and pads then I would have had to get a grading permit and all the survey and engineering that went with it.. its was really something how we did that.. and I miss it to this day.. the other item that made it so profitable was Japan was paying premium for Export quality doug fir logs.. you could get double or more for export logs.

We listen to the podcast and have started reading the books but the analysis paralysis is real especially having the money to actually do something and never having this much in our bank before at once! 

Hi Prasit,To transition from agent to acquisition manager, here’s the quick path:Leverage Your Agent Skills: Use your market knowledge, negotiation experience, and connections to find and analyze deals—key acquisition manager skills.Wholesaling Experience (Optional): Wholesaling can help build your deal-finding and analysis skills, but it’s not necessary if you can transition directly using your agent background.Training: Consider certifications like CCIM for commercial real estate or courses on platforms like BiggerPockets to sharpen your acquisition expertise.Network: Connect with investors or real estate firms to gain insights and potential job opportunities in acquisitions.Let me know if you need help with financing as you move forward!

My unique approach combines deep market analysis with a strong network of motivated sellers, ensuring you access the best deals before they hit the mainstream market.I’d love to know more about your target market areas and buying formula.

Additionally, I'm all ears on any advice for someone in my stage. 

If you try to buy for cash flow in 3-5 years while still getting a property you like, you're going to go into analysis paralysis and will likely find yourself second guessing every property to the point where you won't be able to take action on anything.In my opinion, the Denver market simply cannot continue on as it has been.  

I would connect with a realtor and have them do a market analysis for you