In 2023, we sold it for $245,000, achieving a strong return and leveraging the experience to fuel future projects.

2.How can I better evaluate and communicate an investor’s return on investment (ROI)?

$500k would be enough to go out and buy something else leveraged that would potentially get you a better return.

Or if you want to swap higher returns for lower maintenance you can look in to FIG (fourplex investment group_.

They knew the property address once you signed up with them, so to pull that late in the process seems more disingenuous on their side not yours.

@Kris TohovitisI wouldn't recommend using your cash to pay off the mortgage on your primary residence since you can likely get a better return on that money by investing it.What's your buying criteria for the multi-family property?

If these homes were such great investments, they would keep them for their own portfolio.When you purchase an investment, calculate your returns based on actual performance.

And the values like all rentals will just track the rental rates and what an investor is willing to pay for a return.

Brandon Turner's Rental Property Investing book is an excellent primer to understanding the happy path for purchasing a property - however in this market it really comes down to having bulletproof assumptions on rents/taxes/R&M/etc. as with rates as high as they are/inventory as low as it is, there is less cushion in your returns if you analyze properties with bad assumptions.

If you’re looking for short-term cash flow, you might need to explore nearby markets with lower entry costs and higher cash-on-cash returns, even if they aren’t as familiar to you.