.: You might be able to raise extra capital to support this project by listing the property for fractional ownership on lofty.ai.

Shifting to BRRRR and multifamily properties is a great move, and staying local to Everett/Snohomish will give you an edge.

Generally, if you purchase a property in the name of an LLC, you may end up with less favorable lending terms.

Newbie here - learned a very valuable lesson on my first property (actually a few, but that's another story).

@Scott ChampionRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Quote from @Tim Blanchard: Quote from @John Underwood: How many properties do you have?

Lot of the properties got pulled.

Once it is up and rolling it is pretty easy for a single property.

Purchase price: $396,000 Cash invested: $70,000 This property was already an Airbnb and came furnished with everything.

Buy a property, find a tenant, collect rent every month.