I’ve seen firsthand how house hacking can be a powerful strategy for building cash flow and wealth, especially in multi-family properties like the 4-plex you’re targeting.

Do you think this will impact my ability to rent the property?

Some title companies will require an operating agreement, even if sole member, to buy or finance a property.  

I am having trouble finding distressed properties with enough "meat on the bones" to make enough money on the deal.  

The commercial property is located in the Bronx, NY, anyone has any referral to a plumber or technician that could assess the situation and possibly fix it? 

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.

Focus on cash flow and value-add properties, such as fixer-uppers or renovations, and expand into multifamily properties for better cash flow.

Quote from @Tamera McNeil: Hello,I am Tamera McNeil and looking into buying rental properties and investing.

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?