I live in derby and new to the real estate game.

From what I’ve learned, focusing on properties with under-market rents can be a game-changer.

“Josh, I feel you on this one—it’s a tough spot to be in, but let me tell you, these situations are where the real players in this game prove their mettle.

It’s a long game so worrying about the short term is kind of pointless.

I’ve been in the real estate game for over two decades, and I’ve had my fair share of experiences with PM companies... some stellar, others not so much.Here’s what I’d suggest:Start Local: In OC, there’s a lot of value in picking a PM company that knows the ins and outs of the area.

its funny how this changes with time and the market on BP  if you asked this question 5 to 7 years ago you get drowned out with the cash flow is the ONLY thing and appreciation is for gamblers my self I have always been about making appreciation games in RE.. by either value add building a new product or buying foreclosure and flipping or lending money and getting instant 12% plus returns . 

I assume if one wanted to 1031 for "rinse and repeat" you'd also be game for that as well. 

I seem to remember that I didn't even have a business card until then either.You are VERY late to the game to be making these decisions. 

These types of loans typically require at least a 10-20% down payment, as lenders want to see that you’re financially committed to the project.There are ways to get creative but they still require some form of skin in the game. 

I have been playing the multifamily game for almost 10 years now, and the GRM is one of my least favorite methods personally since it ignores so many important factors (steam boiler versus electric baseboard heat as an example).