A wholesaler in Pflugerville brought me a deal when their cash buyer fell through, and it ended up being a win-win.Digging Into Pre-Development Permits: Austin has a lot of new developments, and I’ve had success reaching out to property owners near upcoming projects.

Multifamily properties do require more management overall and typically appeal to a smaller, investor-focused buyer pool.At the end of the day, you can be successful in both asset classes and they go hand-in-hand.

We're limited in what we can post in the BP forums and on our website because of regulations and NDA agreements.Continued success!

Congratulations on the successful purchase.

Birddogging is to wholesalers/investors like getting your real estate license is to someone who thinks they can do it part-time. 99% aren't going to do the work it takes to get the momentum you need to be successful.

I'm sure there must be someone in your network that is successful in this.

Identifying the right market can make a huge difference in the success of this strategy.Curious to hear...are you planning to manage the property yourself, or are you considering hiring someone local? 

If you want to be an active investor, to be successful, you need an advantage.  

I will have more failures than successes on this project. 

We see a lot of success in the suburbs:Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.