We are about to close on a 1m multi family in Minneapolis.

You would be putting too much risk on a new area that may or may not work.A 4-unit property has 4 furnaces so you could have 4x the cap ex as a single-family on mechanicals.

Hey everyone,So I applied to test for a GC license in California, but was short on experience.

My current focus is on doing my first flip or live-in flip here, and I'm eager to learn from those with experience in this space.I'm particularly interested in developing solid systems and strategies to achieve long-term financial freedom through real estate.

Hey BP fam, I have a property that desperately needs a way out,The property has been on the market for a little bit, sellers just recently bought the property so they don’t have much equity. immediately I thought, subject too until I saw they had a 7.5% interest rate.

Congrats on your first deal!

I will say we generally have no trouble keeping ours full and we focus on having nice, clean, safe spaces.

About Chandler, if there is opportunity on multifamily, I assume that would be a gold mine?

Although you could probably find better investments on paper, vacancy & turnover expenses are some of the most costly parts of owning investment property, and very difficult to forecast with perfect accuracy.

If so, what were your initial investment, return, and overall thoughts on the experience?