We just acquired an existing duplex in Fort Lauderdale and planning on tearing it down and build a new duplex instead.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I've seen many investors get burned because they failed to understand their hard money loan terms/rates, even if they did acquire what should have been a home run deal. 

Additionally, depreciation deductions on the multifamily property could offset a portion of your rental income, further enhancing returns.Key considerations:- Financing the multifamily: Would you go all-cash or use financing?

While I’ve considered cash-out refinancing or HELOCs, the high rates make these options less appealing.I’m debating between using cash to acquire more SFRs or diversifying into mixed-use retail properties.

Are you wanting to grow a portfolio of rentals without coming out of pocket to acquire each?

My goal is to acquire my first investment property, ideally a single-family rental, by early-2025.I’m particularly interested in hearing from others who’ve navigated the Hudson Valley or Catskills markets, especially with rental properties or creative financing strategies.

Hello everyone, I am focusing on acquiring my first multifamily deal this year. 

Where are you looking to acquire your next property? 

Over that time we have acquired 4 properties, 6 doors.