You can be sure that if managed reasonably well, the property will keep its value, rents are good, and tenants are generally easier to deal with.The only down sides are the initial acquisition cost is higher and, well, Providence - by which I mean Providence taxes (which are higher for landlords than owner-occupants; see the Providence Apartment Association website for more info on that).One other thing is to make sure you're actually looking at "East Side" properties.

Ruggieri has secured a career sales volume of over $200 million.Prior to joining Sperry Van Ness, he served as vice president of Ramshaw Real Estate, a full-service brokerage firm, where he remains involved in acquisitions, sales, development, and management of various types of investment properties.Career highlights include being the recipient of Sperry Van Ness’ Achievers Award for outstanding sales, Partner’s Circle Award (the company’s highest sales award), Certified International Property Specialist (CIPS), and authoring commercial real estate articles for regional and national real estate trade publications such as Units Magazine, MidWest Real Estate News, and Heartland Real Estate Business.Ruggieri is a member and a Graduate REALTOR Institute designee of the National Association of Realtors.

There's no real seasoning on a sale, unless it's FHA, then you can't sign a contract with an FHA buyer for 90 from your acquisition.

An OP started a leverage vs cash discussion:"Spend your profits, not your (acquisition) cash"Another favorite of mine Joe has said in the past:  The cash then turned into equity.

You'll need to own the original asset for 6-12 months to take advantage of either of those equity refi options, but it can really help ramp up your acquisition rate.  

Success in this industry takes a lot or careful, opportunistic acquisitions-- the keyword being acquisitions.  

In the last 3 years most of our acquisitions have either been off-market deals brought to us by brokers, or deals that sold to other buyers - sometimes multiple times - but fell out of contract and we were eventually able to get it for the price we wanted.Andrew

Congrats on the acquisition of the building.

Construction management is what my employees do, contracts acquisition and project management is my area, it doesn't mean I can't be a construction manager. our family owned company has 150 in-house employees at any given time, 300-400 on normal days with 3 simultaneous projects. government cost plus exists but on a monthly basis, as you know, they don't have the resources to pay you weekly, just a waste of their time.I still stand behind my statement that cost plus is a simple contract that what you spend is what you get plus a percent, plain and simple.

Hi Everyone,I'd like to introduce myself and talk about my goals for the year.I'm a complete newb besides the education I've received through listening to podcasts and taking notes but I'm ready to begin my real estate investment journey and would like to take a solid core team of individuals along for the ride.First, I will begin wholesaling deals in Ramsey County and may branch out into other markets once my business runs on autopilot through the use of VA's and acquisition managers.