Partner Driven financed the Millgate Drive deal using its own capital, covering the $115,000 purchase price and $33,396 in renovation costs.

Message me for the contact who managed our file.

My recommendation would be to own residential first so you have a much better understanding of the costs to own real estate.

My thoughts from the little I know about the raw numbers however:1) You have no reason to not raise the rent at least a small amount to compensate for the extra cost of ownership the past few years.

I'll definitely dive deeper into rental management.

It sounds like you'll have well over $100K into it, between down payment and closing costs - is that accurate?

Account ClosedOut-of-state investing offers market diversification, lower entry costs, and economic opportunities, but also presents management challenges and increased costs.

It really depends if the previous owner screened the tenants and how they managed the building.

Evening from Alaska, My business partner and I are new to real estate investing and trying to get our first deal going in a high-interest rate market. We're excited to get started and begin our journey to financial fr...

Cap rates, location, and understanding the cost per door alongside your mechanicals and capex is going to be key when buying multi-family.