Purchase price: $453,000 Cash invested: $80,000 Personal property and first real estate deal I did as a realtor

Even if I have good deals?

Hi All,Trying to understand if anyone else is finding any residential  deals in Nova area and at what cap rates?

Do NOT rush in to buy something, but if you can find something 15-20% below market, then by all means snap it up.You should also start networking with PMCs as you will need one when you move and convert to rental and they may bring you a deal.

I am an investor myself and have purchased rentals that are all clean BRRRRs and 1% deals - positive cashflow, 1% rule, and tons of appreciation.

Get very familiar with underwriting deals.

Brandon You have to get out of Suffolk County and start looking into other areas where you can still get a good deal and the rents offer a positive cash flow without having to put 30% to 35% down. 

Work with someone who has actually closed on a 5+ unit deal recently.

Engaging with the community through forums and local meetups can also provide valuable insights and support from experienced investors.By setting clear objectives, you can create a roadmap that guides your decision-making process and keeps you focused on your ultimate aspirations.

Purchase price: $160 Cash invested: $108 Sale price: $355,000 Vintage 1900 2 Story 1650 Square FT Complete stud to stud restoration What made you interested in investing in this type of deal?