Multifamily is all about relationships, and it sounds like you’re building the right foundation.

What a great start to building wealth!

Just focusing on the passive income you want to achieve will leave you chasing cash flow which will have you buying properties in worse areas with harder tenancies that seem to cash flow better, but will have large cap ex.Any time someone asks a question about where to invest and it can be anywhere, they aren't ready to invest and are opening themselves up to every pitch in the world on an area.

Looking to help people in my community build wealth and continue to learn more about investments myself!

Our deal was a new build.  

sounds like he is the problem. if you need help talking to him let me know we build 5-6 multifamily properties at a time and single family.

MAYBE in B- areas.But it's really hard to find just plucking something "rent ready" from the MLS.

It sounds like the person above either wasn't ready, didn't put in the work needed, or is just another internet troll out to bash someone for no good reason.IM me if you have further questions about Matt Scott and I am more than happy to go over the good, the bad, and the ugly! 

In Japan, it's the opposite, at least for structures (land and building values are separate). 

Do the math at a 6% loan rate.There's a reason many apartment buildings have been converted to condos and sold.