Multifamily projects often yield higher per-square-foot returns due to economies of scale and consistent demand for rental units in urban areas.

Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.

@Aidan Williams how much can you scale your time vs your cleaner?

I’m currently evaluating whether to go with a Fund Model instead of a traditional JV for an upcoming multifamily project, I will be working as a developer looking to do work with a more experienced developer on a larger scale multi-family opportunity.

But you can't scale without a system. 

Developing and scaling now Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Start with 1 flip, exit successfully, then slowly scale.

We rightly point out that an investment not meeting target returns does not necessarily indicate fraud; that any investment outside of US treasury bills is a RISK and a percentage of investments don't and won't work out as anticipated; and that leveraged real property investments are higher on the risk scale than a lot of other investments. 2.

Start small with a single property to learn the process and scale as you gain experience.This post does not create a CPA-Client relationship.

It is "marketed" as a way to scale up quickly, but I had a question regarding the method.