![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2849222/small_1696271231-avatar-alecm83.jpg?twic=v1/output=image&v=2)
22 November 2024 | 4 replies
Ideally, I would love to buy a multi-family property and rent it out, I would consider house hacking but I mainly want to my first property to be one that I can improve on and have it generate income for me.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1815703/small_1621515813-avatar-clarkstoragellc.jpg?twic=v1/output=image&v=2)
24 November 2024 | 1 reply
Make sure you have one to keep improving onTwo things I noted:1.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2340764/small_1657038925-avatar-ryanl692.jpg?twic=v1/output=image&v=2)
22 November 2024 | 5 replies
Why Reviews Are Crucial for Your Airbnb SuccessBuild Trust with Guests: Positive reviews show potential guests that your property is reliable and welcoming, making it more likely they’ll choose your space over others.Boost Visibility on Airbnb: Higher ratings mean your property is more likely to appear in search results, leading to more bookings and greater income potential.Learn and Improve: Reviews often provide actionable feedback.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2617048/small_1680898564-avatar-lorenzol15.jpg?twic=v1/output=image&v=2)
4 December 2024 | 32 replies
make some cosmetic improvements to the place while you're there.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1875865/small_1624452881-avatar-matth542.jpg?twic=v1/output=image&v=2)
24 November 2024 | 10 replies
Also, the historical data tells me that 3 years of underperformance means that future performance must improve substantially in order to meet the IRR goal for the investment.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/180293/small_1621422677-avatar-jlh.jpg?twic=v1/output=image&v=2)
28 November 2024 | 22 replies
I wouldn’t invest too much in old technology right before demand creates improvements.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3035438/small_1716998050-avatar-juliem251.jpg?twic=v1/output=image&v=2)
20 November 2024 | 0 replies
This successful project highlights our teamwork and ability to maximize value through strategic investments and improvements.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2876826/small_1700148512-avatar-kristinb89.jpg?twic=v1/output=image&v=2)
25 November 2024 | 8 replies
This significantly lowers the cost per door and improves your return on investment.Scalability: A three-story walk-up design allows you to maximize your build cost and land use, just like most professional apartment developers do.Control with New Construction: Starting with a new build ensures fewer risks, as you’ll have control over the property’s condition and avoid surprises from existing structures.Pro Tip: If you do go with an existing property, make sure to thoroughly vet the deal to avoid hidden costs and issues.For first-time investors, multifamily new construction is often the best way to scale quickly, reduce costs per unit, and build a sustainable rental portfolio.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3052345/small_1718627795-avatar-rodm58.jpg?twic=v1/output=image&v=2)
26 November 2024 | 17 replies
That said, the 6.875% rate could be improved.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3144982/small_1731422111-avatar-rickym112.jpg?twic=v1/output=image&v=2)
20 November 2024 | 15 replies
I'm not the most handy and have thought of taking a person knowledgebale in home improvement or a handyman to tour the property with me (after my offer is accepted) to gauge potential issues with the home and have a better idea of the home's condition before I have the home inspection.