Hey everyone,I’ve been diving into Chapter 1 of The Multifamily Millionaire, Volume II: Create Generational Wealth by Investing in Large Multifamily Real Estate by Brandon Turner and Brian Murray, and I wanted to share insights on one of the most important concepts: Crystal Clear Criteria (CCC).When scaling up to larger multifamily investments, having clear and specific criteria is critical for success.

This keeps you from cutting corners or hesitating on necessary repairs.7.Stay on top of rent increases & lease renewals.

Fees should be clearly stated in writing, easy to understand, and justifiable.

Here’s how:Create Urgency with Scarcity: If you're not already, market your available units as in-demand—make it clear these units rarely stay vacant for long. 

Hire a contractor to cut open the ceiling so it can dry out.

Clear CommunicationA great contractor is easy to talk to and keeps you in the loop.

Most gurus who scam people have very fine print allowing them to cut you off for calling them out.

I believe a large number of RAD investors didn't have a clear understanding of what their investment entailed.  

Sometimes years.So I’ve found that leveraging brokers and being super clear on my criteria is a better use of my time.  

Some have done owner financing with an agreement to pay all interest and equity splits when the home sells others have done it where they do a quitclaim adding their name onto title with the seller so once rehab is done the seller can't try and cut you out of the deal.