Taking the loss now is preferable to paying out monthly for the privilege of being a landlord.

I prefer a more realistic and strategic approach.

I’d revisit the pricing, happy to go over it on a phone call if you would prefer.

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience or that lost anything more than a small amount of money (and prefer no money lost).

@Mitchell Rosenberg  - I think the overall thinking is that most prefer areas that have a growing population with a growing/stable economy base that is diversified.

Northern and central NJ are preferred as I am located in Bergen county.

I usually try to get 10k but sometimes its not possible and I would prefer to make something and give the investor a good deal rather than make nothing trying to move a bad deal.

Typically, the banks prefer to refinance one year after the initial purchase.

. ✌️ (and don’t forget to calculate short term capital gains tax - that’s why I prefer passive income over flipping)

We have a 650 minimum , but prefer 700