Talking of multifamily specifically, how is it that we are getting better cap rates if the prices have not really reset lower.

Originally posted by @Sidney Wilson:I understand that it is sometimes easier to have a broker do the work to find a lender, but the 1% + I always paid to brokers was a fairly significant cost.

Location & expertise in manufacture rehab How did you find this deal and how did you negotiate it?

Hello all,We have a prospective family friend that would like to do a sale private party.

Quote from @Jay Orchid: Quote from @Brittany Minocchi: Lots of investors do HELOCs or cash out refinances to use the equity to acquire.

Inspections may cost more upfront, but they can save you from significant headaches and unexpected expenses down the road.Negotiate Hard: Use inspection findings as leverage.If the HVAC is near the end of its life, negotiate a credit for its replacement.If the cast iron plumbing is deteriorating and needs replacement, ask for a credit as well.Sellers often prefer negotiating credits over doing the work themselves.To give you an example: I was once under contract for an old house priced at $170,000.

It depends on the market and whether you'd like to hold onto more liquid cash to put toward the next deal. 

You are going to learn a ton from it and also learn about things you do and don't like.

I do not recommend at this point.

And if you can, try to avoid racking up more debt on your cards while you’re paying off the loan—it takes some discipline, but it's definitely worth it in the long run!