Hey @Brad TooleyIt’s great to hear that you’re planning ahead and doing your research before jumping into your first deal—that’s a smart approach!

In general, parking is one of those things that is not exactly fun to deal with, but it makes a ton of money.

We model deals for IRR and MOIC and like to see 17-25% IRR and a 2x multiple over 5 years. 

Congratulations on the deal @Devan S.!

The ATR does not have to be the same on every deal.

If you want to do it yourself, be ready to answer text messages at 3 AM, solve problems within a 2 hour window, deal with contractors who aren’t able to “turn” a vacancy quick enough, and guests who want “instant” gratification.  

I finally pulled the trigger on my very first deal.

Hey Tim,Sounds like your lender is underwriting this as a multifamily deal instead of two separate single-family townhomes, which is probably why they’re pushing for duplex comps.

Would love to connect and help you with finding some on/off market deals and introducing you to property managers.

I've been part of a mentorship group for the whole time, I built a deal team and I've been looking at purchasing a cash-flowing business utilizing SBA financing.