Since the interest rate is already high, adding to it won’t drastically change your overall costs and will free up the liquidity you need for the new investment without affecting the low-rate financing on your multifamily property.Using the hard money loan to close on the new property could work well, especially if the property generates the $6,000/month you expect.

on top of that there were at the time close to 40k vacant homes.. so all sorts of mortgage fraud..

However, people don't follow this and will rent out or move to an LLC after closing, your decision.

How many mail pieces do you feel is required for a good statistical sample.Account Closed What kind of equipment did you use in your setup?

Assignment agreement between you (assignor) and the end buyer (assignee)Assigning does not necessarily relieve you of your obligations to close on the purchase if your assignee fails or refuses to do so.  

So now is a good time to buy if you leverage your ability to put a good amount down and close...that is attractive to sellers that are eager to get out of their property. 

.- Strategic Location: Close to major commuter routes (I-495, US-29) and public transit (Metro).High Demand: Inventory in Silver Spring remains tight, driving competitive offers for move-in-ready properties.Diverse Market: A mix of young professionals and families ensures a broad buyer pool.

So, I decided to drive a nearby neighborhood close to my residence, recently and document addresses of seemingly vacant distressed properties.

Until now, I’ve mostly shared this journey with close friends and family, but I’ve realized it’s time to open up and document this experience for everyone.

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.