After spending the past two years learning the ins and outs of underwriting and analyzing deals, I’m ready to take the next step and acquire my first multifamily property (20+ units).I’m looking to connect with like-minded investors who are interested in partnering on this journey.

Obviously some cash flow is better than none but is that amount worth the work to acquire, manage, etc. on the property?

Hi BP community - I'm an investor with 3 SFHs in the Nashville area looking to acquire my first small multifamily property (2-4 units).I'm trying to determine the best approach for the 25% downpayment, comparing using cash that is currently sitting in a high yield savings account to funds from a HELOC on one of my properties.

We didn't acquire a single buy and hold residential LTR the entire year of 2024 in Alabama. 

Thankfully I was able to sell both houses and stop the bleeding.During the sale process I found out than one of my houses had a baseball sized whole in the roof and the other had two AC units that were not functioning along with mold that had to be remediated.

Its really not that complicated for the buyer there is no voodoo to this process of acquiring a property.. 

My goal is to continue to acquire more cash flowing rentals to eventually leave my day job and just self manage the rental properties. 

I was recently able to acquire a property that cash-flowed day one thanks to owner financing. 

I recommend connecting with fellow investors in the Cleveland area to see who they’re using to acquire their properties.

As a senior baseball player looking to eventually play pro ball after this spring semester, I acquired a serious interest in doing real estate as another source of income.