Because they are also the janitor and the secretary.

Quote from @Tanner Pile: @Anthony Becerra I would send over a sample property to your investor partners first.

I would also weigh if you plan on staying in the home you are in now for a long time or move in the next 5 years.

My budget will be around $200k but I’m meeting with a lender on Tuesday to go over all of my options.

Hi Brian, the majority of hard money lenders want you to add the rehab money to the loan.

Congrats on taking the leap! 

But in my opinion, the biggest issue I see with folks jumping into their first "big" multifamily deal is the quality of the pro forma. 

.: @Jay Hinrichs  Why do you prefer PR over PS?

You look for comparable sales for other distressed properties that are similar and nearby and also counter that with finished version comps so you can see what your perceived spread could be.

Quote from @Timothy Hero: I've brokered over 325 DSCR loans.