How did you find this deal and how did you negotiate it?

Looking for guidance on options. new builds aren't hard to finance and I would argue they are preferred to existing fix and flip loans, especially if you have experience. banks look at your experience, your builder's experience, loan structure, permits, etc you need to get an experienced builder familiar with advanced underwriting and negotiations with local, regional, and national lenders. in columbus we do ground up construction for clients at a 20% discount so they can BRRRR out of the new build with equity and we have pages and pages of data on what we build and why and it's all supported by market statistics. 

How did you find this deal and how did you negotiate it?

Multifamily properties do require more management overall and typically appeal to a smaller, investor-focused buyer pool.At the end of the day, you can be successful in both asset classes and they go hand-in-hand.

I hope you and the buyer are successful in going after the seller.

I'm sure there must be someone in your network that is successful in this.

Birddogging is to wholesalers/investors like getting your real estate license is to someone who thinks they can do it part-time. 99% aren't going to do the work it takes to get the momentum you need to be successful.

Especially when there was far wealthier people than me spectating my journey, and probably highly successful and well to do  people here reading this. 

If you anticipate selling the property soon, it’s worth negotiating or shopping around for a lender with flexibility in prepayment penalties.Feel free to reach out if you'd like to explore tailored DSCR options that suit your goals.

Identifying the right market can make a huge difference in the success of this strategy.Curious to hear...are you planning to manage the property yourself, or are you considering hiring someone local?