They do not want to deal with the police!

Hello Everyone,We are currently working a deal in Gulf Shores that is a little tricky.

Tips to ensure success if you are located outside the state/city the property is located. 

What made you interested in investing in this type of deal?

I see a lot of people doing all these crazy calculations on 3 and 4 flat deals (When I started i did it too, ha). 

We raise capital for larger syndication type deals but maybe some of the content will be helpful.

Ithaca is like another planet.STRENGTHS-  appreciation is pretty much guaranteed, no matter how crummy your property is-  student housing isn't restricted, they'll live anywhere-  having an ivy league school means there's a lot of money flying around-  rent is high-  tons of development and growth going on-   strong STR performance outside the city properWEAKNESSES-  almost absurdly high prices-  similarly absurdly low cap rates-  pesky annual inspections required on multifamily properties-  most deals happen behind closed doors, and agents tend to be very unhelpful-  5-7% cap rates typical, sometimes lowerSummary: Ithaca is a great market to park your money in and wait.

What made you interested in investing in this type of deal?

Would love to connect with any insurance broker who deals with Multi-family in California?

If you ever need any deals sourcing, I would be happy to help.