Quote from @Blake Dailey: So excited to announce to the community that as of last month, I acquired my largest deal to date which is a 130-Unit Hotel and Resort in the Smoky Mountains of Tennessee!

After spending the past two years learning the ins and outs of underwriting and analyzing deals, I’m ready to take the next step and acquire my first multifamily property (20+ units).I’m looking to connect with like-minded investors who are interested in partnering on this journey.

Are you looking to acquire any other properties? 

From there, it requires the ability to conduct underwriting the highest and best use of a planned project, which requires a pro forma built by the user or acquired from a competent 3rd party. 

Purchase price: $85,000 Cash invested: $65,000 Sale price: $200,000 Contributors: Peter Vekselman Partner Driven and Seth Choate acquired a property on Highway 64 in Lewisburg, TN, for $85,000 on 07/22/2024.

Below is something we have in the works:-Looking at a property that is 3beds 1 bath-ARV once complete is at 250K-Repair costs = $40K-Working on acquiring it for $125K maxThanks for the input!

Turns out, the previous owner did take many steps to mitigate the moisture damage and the home was very dry and mold free when we acquired it.

- Go look carefully at the numbers and you'll see this.If you could acquire more rentals and they threw off $500 profit each/monthly, how many would you need to make a living?

1.Finding Value: Identifying properties with strong upside potential is critical in markets like Antioch.2.Rehab Management: Staying under budget and on schedule ensures better cash flow and quicker refinancing.3.Leverage Matters: The HELOC strategy allows me to scale quickly and acquire more properties without tying up personal capital.

Are you looking to acquire any other properties to add to your portfolio?