Hey Jay - this is super intersting.

As a newcomer to this field, I am eager to learn and grow, while also contributing value to investors and professionals.

I currently have around 20k cash for a down payment and that is steadily increasing so I want to pull the trigger soon.I'm interested in Fort Wayne for a few reasons:- I have some family in the area (they won't be involved, but have some general knowledge of the area)- Decent schools- Low crime- Airport- Low pricesAny advice or connections are welcome as I am completely new to this.

If you turn any two "bonus rooms" (rec room, office, formal dining room) into two more bedrooms, then you're at $5,950+ per month—a 138% increase in rental income.Now, imagine scaling this across multiple properties while keeping lower upfront costs compared to multifamily properties.

Hi Andrew,- If you were in school before Oct 2023 we can use it for employment history - If you were employed for 2 years in the past this should also work (with explaining the gap)- We can do a Non-QM one year employment full doc with no PPP that is better priced than DSCR (but not as good as conventional)Hope it helps 

That’s gold in this business!

A refinance into an LLC avoids this risk but typically requires a commercial loan with higher rates and stricter terms.If asset protection is the main goal, umbrella insurance may suffice without disrupting financing.

It's a 4bd home and the FMR puts this around $3,000.

With this message I’m hoping to develop a relationship and open line of communication with my brothers and sisters in the industry and just simply add some value and bring along some good business.

This intermediate step allows you to develop the required systems while the consequences of mistakes remain manageable.One strategy that worked well for several investors I know: partner on your first larger deal with someone who already manages multi-family.