Hey BP fam,I’m in the renovation process for an 8-unit apartment in a so-so area of town, and unfortunately during some down time on the project we had some copper stolen.

Additionally, the ownership of multiple homes can better protect your portfolio from non-paying tenants, downtime from repairs and other issues that may create a vacancy on the property.

That way you have the best of both worlds, you get the cash you need to do more loans and the ability to pay it down faster if you want while being safeguarded with a low payment in down times. 

This is also literally the first time in my career as a landlord (about 100 tenants at this point) that a tenant has questioned a rent increase.Yesterday I got this email from them:I do not believe that after what turned from weeks to months of listening to power tools for the majority of our down time, a rent increase is a reasonable request right now.A postponement of increase until January would be 3 months from the date you provided, roughly the length of construction.We enjoy this apartment, and arent going to be leaving anytime soon.

It'll take me about 6 months for my multifamily goal, so in the mean time, I wanted to see if this partnership can be a great way to spend my down time doing an actual deal and also getting some extra cash flow.My potential partner and I have complete trust in each other and have worked with one another for four years.

Hit me up for restaurant advice, or stuff to do during your downtime.

Midland can be good if you buy correctly (now may be the time) to make it breakeven/positive during "down" times so you can take advantage of booms.

I got my license right before my deployment so I had some down time to study more about real estate sales without the pressure of having to make sales right aways. 

Ive had Inherited tenants with rough units where I didn’t trust them to move out on time (or on a planned date) or with proper notice, so I’ve typically planned some down time and reno work before listing, but that’s always a 1 off and then the rest of the turnovers have been smooth.

Read my posts on your down time.