How did you find this deal and how did you negotiate it?

@Amby BhagtaniIf you are starting out in multifamily, one key is to be somewhat close to the market.

We can add properties, but honestly, there just aren't that many deals out there. 

And if you can make this promo deal work as successfully as you calculate, then you don't need to be concerned with naysayers, right?

Yesterday I went to the home to see the condition, there was no car on the driveway… I opened the main door to peep inside…looks like they still have lot of their stuff inside and I can smell bad odor; I just closed the door and returned back.

I am happy with the outcome and look forward to closing this deal and being a repeat investor.

Some mom and pop landlords will not want to deal with this and they'll sell the unit and there are less rentals available.

Let me tell you about the time we almost closed a major deal in Haverhill, Massachusetts, back in 2018.

When you factor in the tax deduction you get on the mortgage interest, this 5% rate on a CD closes matches what you would save on interest by paying down the mortgage.

Why would someone need or want to add a 50/50 partner that has nothing in the deal?