Quote from @Jaycee Greene: Quote from @Zach Matson: I'm doing some diligence on a property that has an existing duplex, but I can build a small apartment complex on the same lot.

For all the deals here in South Florida, I'm not able to do 70%, and it seems like the profit margin is really small.

On the other hand, if you’re looking for flexibility or control, or you prioritize high resale value, it’s worth exploring alternatives like small multifamily properties or single-family homes in areas with broader market appeal.Coming here to see if anyone has suggestions or experience to share is a great first step!

This is a few years back, so guessing this may not be possible, but we would love a small house/condo to toss on air bnb if the numbers work!

The inspection will also vary depending on whether there are kids in the house or not - they don't care about a couple small flaking paint spots if there are not children. 

No small hill to climb starting a mortgage/note brokerage.

Financing- build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience or that lost anything more than a small amount of money (and prefer no money lost).

Like they say.. it’s better to have small percentage of a deal than no deal at all

My plan currently, is to start small with high cash-on-cash returns to learn and build equity, then re-invest in bigger properties.