Ironically from my observation it’s the same clueless people who believe anonymity is somehow going to provide asset protection that are most reckless in their business.

Bruce, again, I want to thank you so very much for the time you have taken to make observations I need to be aware of.

The more money he raises- the more deal flow he sees (network effect of commercial real estate investing).Saying all that- when you look at crowdfunding sites, like Crowdfund and Fundrise (2 I'm most familiar with)- there are some heavy hitters with deep track records doing deals on these platforms.Most commercial investors/developers don't have the platform Grant has- so they are leveraging these crowdfunding sites to raise capital and from my observation, seem to be doing well.For the record- I have not raised equity using the Crowdfunding route. 

There’s an observed increase in sales volumes and a moderate appreciation in house prices, coupled with a significant interest in affordable housing in the search data.Opt for cost-effective updates that improve structural integrity and aesthetic appeal, such as new fixtures, fresh paint, and updated kitchens and bathrooms.

Hey Austin, This is a recurring challenge observed in certain multifamily markets, typically those with 5 or more units.

Last, we assume 4% in sales commissions.Not a rule of thumb, but we’ve observed a typical rehab lately is around 15% or so of the ARV or more.

From what I consistently observe, the ability to complete the BRRRR investment strategy and recapitalize oneself is a key metric used in how many underwrite acquisitions.

However, two things that I observed - 1) the turnkey company I am working with has shared a proforma that has ~10% to 15% premium price compared to similar properties sold in the area. 2) they have a contract in place before the inspection and appraisal.

Since we are out of state, we need someone to observe the minor renovation progress.What would be the average daily rate for hiring a renovation project manager to check on the progress and ensure that contractors are doing their job properly?

I have 54 years of life observation that tends to prove true.Our market was on an upward swing for nearly 15 years.