Hope things will work out.

I'm using my workout time to educate myself daily and feel overwhelmed, but excited to get going.

Acquiring multifamily buy/hold rentals to establish cash flow as passive income. (1 within the next year, 2 more the next year, 4 more the next year) Find my capacity to hold and manage before relying on property management.4.

I am not a big fan of these properties simply because I have been on so many calls over the years with investors that bought this type of stuff and it didn't work out.

Yes, EVERYTHING would have been better if they had communicated and scheduled thing better, but if you focus on what YOU can do at each step things will work out better.

And folks that need to do that dont have the capacity to deal with a loan that has been called and a seller that is madder than a wet hornet if you goof up their credit.Then the other major issue glossed over by everyone is there is a minute amount of sellers that will even entertain these transactions and most of the time your paying a premium for the asset.

It can happen financial freedom but its a long game and its a business like any other you need Know how but more important to know how you need the three CsCapital  Capacity and Character  and maybe a 4th one Credit. it all have to be there to really get going.

How would that work out on taxes if I’m the one that owns it, but they’re the ones they get the benefit from it?

I have a feeling things will work out a lot better.

He has cultivated relationships with hedge funds to purchase notes, with property preservation companies to assist in the care of the collateral and servicing companies to service the notes and facilitate the work outs.