I am thinking of buying a larger multifamily, 5-8 units.

Seems to me that you would be able to start generating cash flow faster that way since you would have more doors.

However, we do have some of our rental properties completely paid off, and could sell one to finance this to make a larger profit than currently possible on the rental, or take out a personal loan.

It’s about 6pm when he calls and says lights are on in the house and when I knocked someone opened the door and said they rented it.

I would say get debt down, focus on getting cash in the door. 

Jami,A cabinet (kitchen or bath) has essentially 4 main components; the frame, the decks / shelves, the facing and the doors.

I would just like to know what I could do in order to get my foot in the door in the Real Estate Investing Community.

I ask because I came across a firm offering deals like this:Purchase, rehab and flip a distressed property, timeline 6-18 months.Minimum Investment $100,000Above $500,000 and an investor can appoint a member to the management boardMinimum asset price $1,000,000Management Fee: 2.5% of invested fundsManagement invests 10% alongside investorsDeveloper invests 10% alongside investorsSuccess fee of 50% on returns above 8%My main question is whether the 50% success fee on top of the management fee is highway robbery, or pretty standard on larger deals averaging 30%+ in such short timeframes?

I am primarily looking in the Falls Church/Arlington/Alexandria areas, but have also kept my eye on a few places in Fort Washington MD.My question is if I can partner with a "money" partner to qualify for a larger/higher quality purchase.

Going forward, perhaps think about finding someone closer to the unit to open the door for new prospects.