You'll need something like 125 units netting $200 per door to get there, that's about 10 million worth of multifamily in today's money, so you'll need about 3 million in down payments.

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

NOT a good idea to have one PMC managing a property and another trying to sell it.Human nature is to comete, so they will do so by fighting and trying to make the other look bad.

My motivation is to increase my financial literacy and diversify into real estate.I have rented all my life and seek to become a homeowner/ investor to help my family and make their lives easier.

I would check and see how many 1 bed and 2 bed options there are and what they are priced at because most folks will prefer the full place to themselves so rooming 2 people together could make getting bookings a bit more difficult (not always the case but something to consider)

People in this camp feel it doesn't make sense to buy a SFR or small MFR in markets like ours because it is more of a liability than an asset.- Others believe that investing in areas with high appreciation is sort of like putting $ into a retirement or a high-interest savings account.

I've lost friends and family to substance abuse so it seemed like an opportunity to do some good and make money in the process.I negotiated a sweet deal, and was prepared to buy it myself, but a few of my clients expressed interest and I ended up helping two of them form a partnership.

In my opinion, an in person meetup > an online connection.You may want to consider making a connection here and meeting up for coffee or attending a real estate networking event.Best of luck!

You are LOSING money because you didn't even raise rents to cover those increases!

We do have to come up with 40-60% of the LTV through investor money!