The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

Below are the details:PurchasePrice: $177kCash to Closing: $22kRehab Budget: $60kInterest Rate: 11.25%, 12-month term, interest onlyMonthly Payment: $1,659-$2,175 per budget usedBoth realtors are advising me to rent the house to minimize my losses, but I’ll lose about $200-300 per month with a max $1,550 rent.

( Note: Using Va Home Loan to buy Multifamily and will live in 1 apartment for 1st year ) My Goal: With this 1st Multifamily ... goal is cash flow and appreciation 1) Considering Orlando area, but What areas of Florida should I consider buying my 1st 3-4 family house and why2) If you were in my shoes as a 1st time multifamily investor what steps would you take to minimize costly mistake & maximize investment 3) what book do you Recommend to read as a 1st time Multifamily Investor 

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

That buyer decided not to make an offer, but I knew some investors I could pitch the deal to.

Why do you want to minimize the power of your cash?

In them i remember her talking about mastering your elevator pitch helping others get "double digit returns".

with turnkey, you're going to be taking minimal cash flow and splitting it 3+ ways? 

If they decline, go ahead and start marketing the property to minimize vacancy loss.