We just closed on a 71-unit apartment complex, our largest purchase to date. We bought a 55-unit last year in the same market, a market we've been investing in for seven years.
How we found it
Our property manager b...

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $1,200,000

This is a 100+ pad community located near Downtown Bloomington (Near Indiana University). We n...

I’ve been thinking about partnering with a successful wholesaler and seeing if they will expand their operation to include the zip codes I am interested in.Example:  I would like to partner and give money to a successful Detroit or Texas wholesaler and see if they are willing to add my Georgia target market to their operations.Before moving forward, I wanted to get some feedback and advice from those who are wholesalers or who have partnered with wholesalers.Has anyone ever heard or have experience in a partnership like this? 

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $1,200,000

This is a 100+ pad community located near Downtown Bloomington (Near Indiana University). We n...

The outer boroughs—Bronx, parts of Queens, maybe Staten Island—are where people tend to have the most success, usually with multi-families.

These marketers would have the novice investor believe that the narrow focused “education” they provide combined with the “holy grail” formula (wholesaling, subject to, flipping, lease option, discounted note purchase, etc.) is most, if not all, anyone needs to become “independent” and successful, usually by month 12.

Hey, I was wondering if anyone has had success in the downtown/midtown Sacramento for STR.

We care about our investors' success, but it's ultimately up to each investor to take action to accomplish their goals however they do it!

If I can't work remotely for the first few transactions, do you have a solution?

Here are a few to watch out for:Property Condition: Most distressed properties need extensive repairs or renovations, which add to your initial investment.Competitive Market: With Phoenix's popularity among investors, competition for the best deals can be intense.Complex Deals: Foreclosures, auctions, or short sales are much more complicated compared to regular real estate transactions and usually require specialized knowledge.Tips to Successfully Navigate the MarketDo Your Research: Understand the local market conditions, including neighborhood trends, property values, and potential rental income.Build a Strong Network: Work with professionals who specialize in distressed properties-such as brokers, contractors, and legal experts-to make the best decisions.Assess Costs Carefully: Factor in the cost of repairs, holding costs, and any potential financing issues when evaluating a property’s profitability.Be Patient: Finding the right distressed property takes time.