I am new to real estate investing and have just started analyzing deals.

I wanted to add multi-family rental to my portfolio How did you find this deal and how did you negotiate it?

See if you can get a copy of The Millionnaire Real Estate Investor by Keller.The Slight Edge and Atomic Habits too.Awesome board with many smart people having own suggestions and ideas to grow wealth!!

And then as he's lying there on the stairs the basement door creaked open an inch, only to slam shut and latch this time, he got up and couldn't get it to open at all, it was now locked, and nobody answered his calls.

Days on Market (DOM) since Q3 of last year.Single-family residence values continue rising and are selling for nearly 9% more than last year - National average for home sale price increases is 4% since last year per one of BP's most recent podcasts.Multifamily properties in Queens have sold for a median price nearly 6% above last year, jumping from $1,058,000 in Q3 '24 to $1,120,000 in 2024.Lastly, despite inventory increases, the # of sold properties has declined when compared to last year.

Enjoy the beautifully landscaped backyard with a covered patio, pool, spa, and RV parking.

The rental property is entirely funded by the HELOC with interest rate of 3.6% (10 year withdrawal, 20 year repayment) and no mortgage on it. 

I'm underwriting an 80+ unit property and it seems like the purchase price is too high compared to the market.

Last and MOST important is CYA and negotiations.

My name is Andres Padilla, and I specialize in buying real estate properties for short-term leasing, long-term leasing, and property flipping.