@Nicholas Foy average sales price in The Eye was $87,944 in 2023.We consider it a Class C- Nieghborhood.So, tenants will probably have FICO scores under 580.Means you may want to use a Vacancy/Tenant nonPerformance factor of 20%+ in your metricsYou'll also need a real good team on the ground to minimize losses.

If you're new to new build construction (or construction in general), I would get a local Architect onboard to be your eyes and ears in taking on the project and helping to assemble your team.

In left leaning Seattle I've lost more lawsuits than won, but that doesn't make me stop making tenants answer for their damages. 

@Austin TessTo buy your first multifamily property, follow these steps: get pre-approved for financing with an FHA Loan, identify a high rental demand market, choose between house hacking or pure rental strategy, analyze the property using the 1% rule, build a team, negotiate the purchase, and manage the property professionally.

We have a GroupMe in DFW that we exchange ideas and it is an easy way to get direct support from other investors in the area.How to choose the write strategy, you have to educate yourself and create a good team around you that you can trust.Feel free to DM me for access to the groupme.

You could accelerate your cash flow by flipping since you already have a construction team in place or just scale your construction business. 

You’ll want to check out the PA Code's Chapter 2800 for the standards around licensing, safety, and staffing requirements, and the Assisted Living Residence Regulatory Compliance Guide can provide extra insight.We actually have a local team here in Allentown that has worked on several of these conversions, so if you'd like some guidance or just want to chat through the process, feel free to reach out.

Happy to talk more, we have a whole team of acquisitions / agents working the state of PA, and my entire portfolio is here as well.

With a team, even if you’re paying salaries or commissions, you could close 25 deals a month.From there, increase your marketing, improve your SEO, and keep spending money to make (far more) than you spend.Keep scaling and tweaking until one day, you realize a steady stream of leads is coming in through your SEO efforts.At that point, you can turn off your paid marketing and enjoy the highest-quality leads for free—without lifting a finger.Let me know if you have any concerns or questions!

What shows as value to investors when it comes to teaming with realtors , how investors like to be approached, where do you find them at ?