I’m  Hey Adam, Have you gotten Pre-Approved already?

I'm copying my response from a previous post:1) Investors were chasing Class A rentals from 2012-2020, before their values exceeded their pre Great Recession highs and they wouldn't cashflow at purchase anymore.2) So, investors started chasing Class B rentals in 2020-2022 because of #1 above.

After a couple of years of treading the path to frugality to build this financial runway, I've networked with the greatest people who made this all happen, of course, it took the strength, determination, time, etc to place myself where I am today but, without the mentorship of my two great mentors whom I wish used BiggerPockets so I can mention, I don't believe I would have made it thus far relying on some whimsical dream that this will all pan out accordingly, thank you for everything Greg and Lashawn.In addition, I would like to thank Bigger Pockets for connecting me with the greatest realtor @Stephen Schmitt Who took my dreams and aspirations to the core when we first connected and spoke about my future goals to replace my W2 job for financial freedom. within three months of me deciding to pull the trigger and get pre-approved, we found this killer cash-cow that apprised over purchase price!!! 

Hey @Christopher Morris,I piggyback on some of the others, but I'd connect with a referred lender ASAP to go over your options/budget/pre-approval.

Do you have your finances in order now and a pre-approval so you know what price point you should be targeting?

I am going to be the contrarian on this subject.. 1. the pre license course is valuable as it teach's the vocabulary of real estate and the basic laws of your state.. its dirt cheap and one of the better ways to build your foundation. 2.

The deal was a long time ago and it was a quick-close, pre-foreclosure, all cash deal. 

This was a pre-existing structure so we went with the flow designing it. 

Getting pre-approved, networking with local investors and agents, and understanding LA’s market challenges will set you up for success.Good luck!

We've pre-leased ~225 beds out ~240 already for next year and 90% of our leads come from that.