Hey all, wanted to share with everyone my experience purchasing my first multi-family and maybe help some people and also get some tips on how to improve the process going forward.

A good mastermind group- with several people that have a call in every few weeks to discuss issues with the facilitator, and then they meet up several times a year to do work in person would be a solid improvement to this segment of the business.

My strategy would be to let it cash flow initially for the next couple of years, and then if the area keeps developing, determine if its worth making substantial improvements to raise the rents significantly.There are definitely some risks with this property: many tenants are on short term leases; and there is the risk that the immediate surrounding area does not continue developing as it has over the past couple of years. 

I ended up buying a property via hard money with 15% down. the hard money lender gave me 85% of purchase (hence the 15% down) and 100% of rehab (meaning they paid for all that i had budgeted up front for rehab). i actually did a whole write up on this project. take a look at my profile and you'll see it there.

Theoretically, this means improved real estate marketing performance and ROI.CurationCuration remains a popular trend, though its value may be suffering due to larger trends, and the obvious need for originality.CrowdfundingNot only is technology creating more efficiency in mortgage lending, it is spawning new financing models altogether.

@Jay Hinrichs it certainly seems like Longview has improved over the years.

Does anyone have an "ideal client avatar (profile)" they use to appropriately target lease option sellers or buyers?

There is a space to tag connections that are Contributors within your investments listed.  Do you list the realtor or wholesaler that sourced the deal for you?

@Cecile PoyetBest way to see all the stuff I've written about Sacramento is to go my profile and view the conversations I've started.

So 1031 seems to be wise.But you've got the improvement costs to sell and you've got that pesky credit card debt that may not be too much but it's a drag on you.