Every dollar made was put aside and then used to reinvest in another property.

Other than perhaps property taxes, turnover is generally the biggest single operating expense you will endure as a buy-and-hold real estate investor.

I am with Lone Star Realty and Property Management.

Hello BP community,I’m currently exploring the possibility of converting a single-family home in Philadelphia, which is zoned RM-1, into a multifamily property.

Cold callingHow did you finance this deal?

If you can finance an entire deal that way, it does give you the potential to buy out the preferred equity and own the entire deal yourself within maybe 3 years.I think preferred equity is easier to raise in today's climate. 

I'm looking to get started with my first multifamily rental property.

Well, you can put your self on the federal opt out list here:   https://www.optoutprescreen.com/This might be great time to do it as if you have purchased any property within 23 or 24 you likely will be in the money to refi already or soon.

Jason Weathers How did you finance this deal?

Jason Weathers How did you finance this deal?