They get more money than their CD in the bank and I get to buy a house.

Greetings everybody,A few days ago, I got in contact with an apparently very competent RE player whose model is to buy and sell multifamilies.

Idk how great that is given CD's are giving you 5.3% on your money guarunteed, but you need to take into account depreciation and building equity over time.  

Patch of Land, RCN Capital, Lima One, Corevest are just some of the big players out there that only look at your credit score (no DTI or income), mandate you hold it in an entity (LLC, etc), and can underwrite within two or three weeks.

All told, you need more money than you think you will, and if you are barely cash flowing $100/mo with a 5% repairs and maintenance, and another 5% capex, you are very likely under reserved.Second is investors thinking that a Class C/D property will cash flow more than an A/B property and area.  

My real world experience has proven this to be the case.Each rental is like a baseball player, who has a hitting percentage, a fielding percentage, an on base percentage, etc.....

He also says he has his own crew of contractors to do work on the homes.By the way, I'm a former semi-pro poker player, so I'm pretty decent at telling when someone is lying/stretching the truth to me.So, no leads yet on good sales.

Reason being, is for one thing they are job creators but even more than that, they sift through incredible amounts of data before they make the decision to place a store at a given location and so you can probably be sure that where those major players are headed, people and real estate demand is likely to follow. 

Here's the deal: If you're a big player and are prepared to have your financial statements in order, develop relationships with regional banks.

The casino will have 1,796 slots, 54 table games, and a player’s club, along with restaurants and bars with a total of 940 seats.