Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $520,000

Raised 100% of the funds to buy this property. Very stabilized. 13 unit mobile home park.

And while crime isn't out of control in either suburb, it is higher than the national average and the schools are medicore at best.

I recommend establishing a reserve fund for major turnover expenses, capital repairs like a roof replacement, etc.

.——————————————————————————————————📊 Nevada Tops the Unemployment ChartNevada's unemployment rate stands at 5.7%, the highest in the nation, tied with Washington, D.C., and well above the national average of 4.1%.

I would also like to know as I just found Norda Capital. 

Maybe you  can try a joint partnership with an experienced Investor/flipper and get your feet wet , you would be bringing capital to the table so I am sure many people would like to do that with you:)

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

The building of an asset that is down nationally is a risk.  

After we drafted a bare-bones plan that considered their timeline, target rents, and capital reserves, they honed in on a medium-sized complex managed by a local group.. from what I’ve heard, these guys had impressed other out-of-state buyers before and delivered on their promises.

Start with these three key points:Current SituationAssess your current or expected capital and credit within a realistic timeframe.