I have a few clients that have asked me about buying investment condos and I generally tell them to not consider it vs a house/multifamily

@Mark Peeples it's buy and hold and rent out to tenants as a mid-term rental unit.

We have started to think about selling the property and using the proceeds to buy another home in a more desirable area where we believe market and rent appreciation has greater potential for growth.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

If we added a mortgage office, our customers could buy a new home turn key, just from our office. 

This allows the sponsor to buy a nearly $50M property with just a few million of investor equity--but it provides zero resiliency to an adverse market. 

Hope all is well, I am looking to Take a Job in a different City And Looking At Housing an Came Across a Home that is for sale. The home has had many renovations done as far as flooring and kitchen, but the Main Bedro...

Are you looking to do private lending or buy notes on the secondary market?

Cold outreach is all about volume because you are trying to find the 0.5% of sellers who are motivated to sell.If you are looking for leads of sellers who are already looking to sell, you are better off doing inbound marketing such as SEO or PPC, or buying leads from companies that run their own PPC campaigns, which are called PPL (Pay Per Lead).For PPL, I would recommend https://propertyleads.com/

Even with only $1000 in rent I’m still over a 1 to 1 ratio (was not taking out a lot of equity) but under a 1.25 ratio.A lot of investors have the equivalent of llpa’s at 1.0x, 1.1x, and 1.25x, meaning that your rate/pricing will likely be marginally different at each threshold.