It's worth mentioning that these deals are not consistently listed online or in real-time.To succeed in this field, it's crucial to build strong relationships with brokers and ensure that you are always on their radar.

When you want to sell this property after you build enough equity, you usually need to renovate it to maximize return.

You can fact-check them with property managers on the first couple of deals you look at to build that trust. 

It’s better to build right now.  

I spent 5 years on the ground in the Detroit area building relationships, learning the market, etc.So you really have two paths.

Finally when they started encouraging me to buy $5-10M deals that would have taken every penny of the money I had leaving nothing for reserves to run the building I just gave up and quit.

You are far more likely to find a mentor through in-person networking and building relationships.

You build your reputation and internet presence.

Found the forum while looking for information about Syndication as a tool to recruit Investment.I am based in the US and Mexico and currently just completed a mixed Vacation Rental Boutique building project in Tulum, Riviera Maya, Mexico.Looking forward to develop additional projects in the area which is blessed with high volume of local and foreign visitors.

 Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZmy mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?