Networking with local investors and building relationships can also open doors to joint ventures or mentorship opportunities.

Excel spreadsheets, and not doing very well keeping up with them either!

Here are a few additional insights that might help as you transition into multifamily:First, when scoping out deals, relationships are key.

Given the nature of small towns, we have personal relationships with multiple members of the board which we believe positions us well for success but of course there is still uncertainty.

There are excellent deals available this time of year, but the inflated prices of small multifamily properties can make finding a good deal challenging.

Choose a HELOC if the property is appreciating and cash flow remains strong, or a 1031 if you want to diversify or upgrade assets.This post does not create a CPA-Client relationship.

I usually work with my local credit union where I have developed a relationship over the years.

The description and pictures are excellent marketing.   

Building relationships with wholesalers and staying active in local REI groups has also helped investors I know find opportunities that still pencil out.On the refi side, DSCR loans have been a solid option, especially for staying cash flow positive.

This post does not create a CPA-Client relationship.