The duplex I bought about 6 months ago (in 2023 as the market cooled off) came in under my appraisal, which means I had free equity, and I paid less than 60k of what he had it listed for on the market a few months prior. 

Box; rent can only be paid by bank deposit.For your convenience, the nearest location to your home is 123 Main Street, (City), or you can execute a bank-to-bank transfer using the routing number provided.If you have any questions, concerns or maintenance issues, you may call or text my cell phone at (your business number), or you may email me at the address listed at the top of this notice.Please don’t hesitate to contact me with any questions about this transition or any other pertinent issue.Sincerely,(you)

Create a thorough marketing plan that incorporates internet platforms, listing descriptions, and expert imagery to draw in visitors.

Welcome to BP - lots of people have definitely had success in the SC market for short term rentals - Myrtle Beach is showing up on a lot of hot STR market lists too this year

The other two triplexs, which had 2 unit and the 3 units renovated, sold in the past month (listed at $225,000 and $231,000).

But lets say the property does not appraise in 5 years for more and the initial balance is higher than the refinance loan amount, then he will need to put a downpayment to close on the refinance. 

First deal does not have to be a home run, a base hit is what I've usually aimed for and thats how I got started with condos and single family homes and as those properties appreciated over time I utilized the equity to purchase multifamily properties that I could not initially afford.Cheers

Not the BS everyone tells you to do like lists, driving for dollars or cold calling.

There’s a bunch of local CT meetups where people meet once a month to share Deals and listings you may find helpful.

What do you currently have in your list that meets what we are looking for in an apartment building?