We've been honing in on a pretty good development/investment formula that is working for us where we buy an existing single or multi-family house that can be improved or easily split into smaller units, and then we also add small new construction units to the property (townhomes or duplexes or cottages) and, generally, we rent them all out (though we have sold a couple of single family rehabs and we may sell the units in our next big project...

Hey Alex,My name is Jagjit, and just like you I'm new to both RE investing and Biggerpockets.My plan is to start with multifamilies and I've talked to a couple of RE agents so far, and the conclusion I have is, in this high Interest rate market, its very difficult to find a cash-flow positive deal. 

Lets connect and discuss the scenario in full  Will give you a call in the next couple of days 

I’ve been learning about wholesaling for a couple months now & I’m starting to look for my first deal.

I’m Karena, based in Danbury, Connecticut, and excited to officially join the Bigger Pockets community after lurking for a couple of months, soaking up all the knowledge I can!

There are a couple of things you need to consider:1.

I have had just as much success with heirs that live in my city as absentee owners when it comes to probates.This sounds like a lot of work, but it actually only takes a couple of minutes for each person at most.

Even they will probably be a couple days out.

A couple of years back I read an article regarding what was called the donut effect when it came to major cities.

It’s the second occurrence within a couple months.