I was just wondering whether most investors find the deals first, get it under contract, and then find funding, or if they find funding first and then find the deal to get under contract.So far I've had a few other potential JV deals approach me and it seems like most people are getting deals under contract first and then reaching out for funding, but I'm wondering what happens if the investor has a deal under contract but fails to find sufficient funding for the project.

I've chosen a strategy and have been practicing deal analysis for a few months. 

@Christine Kankowski so there are very few things you would do on investment projects that would be worth routinely getting a permit?

@Joey Newton local investing requires local detailed analysis.

He was immediately on the phone with two neighbors accross the street with pickup trucks and yes he was out the same day, signed the agreement with keys returned and then I gave him the cash.For you, you could project the cost per day in rents not received multiplied by the amount of days he will be there with the court date & Sherriff serving the eviction and offer the tenant a percentage of that cash in his face and see if he takes the money and runs, freeing up the apartment.

Not knowing the eviction rate at a property can throw a massive wrench in your business plan and return projections during the first few years of ownership.

Numbers are as follows....This is my first deal and am looking for some more experienced guidance.Monthly Gross Rents: $3700Laundry & MISC: $100Annual Scheduled Income: $45,600Vacancy 2% & Loss: $1000Gross Income: $44,600Expenses:Taxes: $10,000Insurance: $1500Trash: $600Lawn Maintenance: $800Snow Removal: $500Gas: $500Electric: $1300Cleaning/Janitorial: $900Repairs: $1000Turnover Replacements: $1500Legal: $300Total Projected Expenses: $18,900Projected NOI (before debt service): $25,700

@Neel Patel I’m active in the Philadelphia investing community and I’m working through a development project in Point Breeze now.

@Isidoro CommissoBest way to look at it is to do the analysis and present the numbers.It's not a risky proposition if done properly.

Hi Everyone! I am looking at a 16-unit property and wanted to put the details out there. It doesn't seem like it makes sense, but I just want to to make sure I'm not missing anything here. I am fairly new to multifami...