Reduce Your DebtPay down existing debt, especially high-interest credit card balances.

Hey everyone, I'm a highly seasoned multi-family investor and developer in Canada, with a track record of successfully developing over 800+ units.

I’ve flipped in the dc area for years, right now there is just money & in the vast majority of cases there is high likelihood of losing money, right now the best investments in the area imo are buy & hold, I’ve even gone full circle and while I really liked value add for most of the last decade I think in a lot of ways new construction especially in more affordable markets (I’m personally a big fan of the eastern shore market) is a much better way to make money long term than flipping and brrring while I know they are sexy & certainly you getting a huge paycheck is great, there just isn’t any money in it right now, especially in nova. 

But the escrow officer can help with that.From a high level though, that’s it in a nutshell. 

I found a bank that will do a HELOC but the rates are high (Of course, with today's rates).

Partner Driven was interested in the N Deerview Dr deal in Lake Villa, IL, due to its high profit potential.

Highly recommend.

BRRRR is my favorite although it's getting difficult to do these days with interest rates as high as they are.

@Gerardo WaisbaumAt Spark Multifamily Group, we use money market accounts and are earning our investors high 4% interest rates.We have a separate MMA account for each property.Don’t co-mingle funds from different deals in the same account.Each property ( assuming single property syndication ) should have its own account.The interest earned belong to the property ie the LPs.

To find deals that meets the stricter criteria means you may be looking for a while in frothy markets.Those that assume the future will be rosy, have a high likelihood of failure when the market turns.