I am in Salt Lake City this week, and I would love to meet some syndicator/operators who do value-add, C and B multifamily acquisitions.

I'm looking to use said home as collateral to aquire another rental.my credit score b is 500.

Originally posted by @Sylvia B.

@Rachid B.

Originally posted by @Jack B.

Our B class rentals in zip codes with a median household income of $38k don't look so B class any more.

The problem is every lead I come across is either a) very cheap but extremely run down and maybe in a not very good part of town that would be hard to market and take a large amount of capital to fix up or b) nice and has tenants already in it (turn key type which is ideal scenario) but the owner is asking way too much for it to cash flow.I'm not frustrated to the point where I am going to stop.

Even when you do find a value add deal and you go to pull all your original cash out you're so happy but only to realize since you're in such a high priced market and low RV (rent to value) area that you'll now be negative cashflow so its a catch 22 in high priced areas.Barring you use creative strategies, operate a business like short term rental, rental by the room, halfway housing, transitional housing, B&B hotel like model, its tough to make the numbers work in high priced markets.I have helped investors in the 1-4 space coordinate the financials and how they have to display these figures to continually qualify for funds going forward.

@Veda B. that sounds a little high but not crazy. 

Just had one close wherein he departed a 4/2 for a 2/1 after breaking up with his fiance whom he had previously intended to make babies with.It's a matter of a) it being true and accurate (since the underwriter could ask you to document your claims in some way) and b) quality packaging and presentation on the loan originator's part.