Here’s the quick-and-dirty lowdown to get you started:1️⃣ Where to Look:LoopNet & Crexi: Good for commercial deals, though the best ones go fast.MLS (Multiple Listing Service): Access through a realtor for hidden gems.Auction Sites: Think Auction.com or HUD homes for distressed properties.Direct Mail Campaigns: Target landlords with older properties (especially those with code violations).2️⃣ Systems for Finding Deals (Step-by-Step):Set Your Criteria: Market, budget, unit count, rehab level.Build a Deal Funnel: Use LoopNet, Crexi, wholesalers, auctions, and brokers.Analyze Quickly: Use a property calculator to see if it cash flows.Direct Outreach: Contact sellers or property managers directly.Get Your Network Tight: Property managers, realtors, contractors—they’ll drop the best leads.3️⃣ What Makes a Good Deal:Cash Flow Positive from Day 1.Below Market Value (usually needs rehab).Upside Potential: Think rent increases, better management, or refinancing options.4️⃣ How to Become the Better/Best:Study the Market Like a Hawk.

We are looking to close on a property towards the end of this year or at the start of 2025.

Hi tax pros - I have a question about REPS status.First, selfishly, do you believe that my job as CEO of BiggerPockets, which I spend obviously spend essentially all working hours on, and dwarfs activities involving my real estate portfolio (which is managed via a property manager) qualifies me for REPS status?

Was is secured by the property? 

If the plan is to live in the property, a traditional hard money bridge loan will not work.

There are a lot of podcasts with Cody Davis, a very young guy that learned how to buy commercial property with zero down, seller financed.

Each property ideally has its own business bank account, as well as your master LLC.Question, is the master LLC acting as the property manager for the other properties?

Lately, I've started thinking maybe these people are wholesalers or investors that could have properties to sell.

Focusing on B and C-class properties is a smart approach for multifamily investments, especially in a vibrant area like Austin.

If you have the right location (in town or by the beach) and provide an above average property, you can do well.