Quick question: What’s been your biggest challenge when managing smaller multifamily properties?

The challenge again, is the prices around here.

Whenever I face challenges, I tap into my inner Goggins, reminding myself that if he can conquer the impossible, so can I.And let's not forget Think and Grow Rich, a timeless classic.

I’d love to connect with anyone willing to share a little bit about their investing journey and its challenges, or someone who is simply looking to connect.

But if your goal is to cashflow positive from the Day 1, you may find it very challenging due to current day interest rates, high cost of construction and the fact you won't have the efficiencies of a seasoned developer building at scale.

Hey @Reeti Peshawaria, so this is always a challenge when you have a whole country to decide from.

Challenges?

One of the biggest challenges of investing in Rustbelt cities is knowing where to invest and properly understanding the cooresponding pros & cons.Here's copy & paste advice we share to help to address this challenge:-------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Land is cheap and the regulatory environment is favorable.

When I return to the country after my Au Pair contract ends, I hope to live in the property as my primary residence and house-hack as well.I understand that investing remotely makes things more challenging, but I am also ready to be uncomfortable and challenge myself in this journey as I know it is 100% possible.