Hi BP community - I'm an investor with 3 SFHs in the Nashville area looking to acquire my first small multifamily property (2-4 units).I'm trying to determine the best approach for the 25% downpayment, comparing using cash that is currently sitting in a high yield savings account to funds from a HELOC on one of my properties.

I think the safest approach would be offering the package at a certain price and excluding the alcohol.

I would keep detailed records of my deals to include photos that I could use later when I am approaching a potential funding partner.

A more intrusive approach would be to Google the owner name and see if you can find relatives and skip trace and call them.

Curious.. do you think you’ll try a different approach next time, or stick to this model to keep the momentum going?

@Jake Baker Love the approach of measuring the total offers that you send, if you know your strategy most of the time it is a numbers game no matter the condition of the market. 

@Mitchell RosenbergAnother approach is the elimination method.

With this approach you are able to cashflow as soon as the property is full.Best of luck.

@Kash Tacke I'm a big fan of ADU's in general especially here in the mid west, yes you could potentially be on the front of the wave, but housing density is the solution to the affordability issue, anytime you are investing with affordability in mind is a great strategy to me, and sound like there are some incentives or at least supporting winds form the local city, that in itself seems like it would be worth at least approaching an architect or contractor to bid up some plans or concepts to take tot he city.  

While there are undeniable challenges—higher interest rates, tighter lending conditions, and market uncertainty—there are also unique opportunities that can make real estate a very prudent choice if approached thoughtfully.