***Don't forget that you have to replace equal debt on the new property(s) you exchange into!

That means, all other things being equal, it behooves you to have more doors to minimize the impact of vacancy.

I’ve heard of people buying 600k multifamily with around 10k in closing costs  10K on a 600K multifamily seems ridiculously low unless the borrower has a magnificent relationship with the bank doing the loan (meaning deposits that equal the loan amount), walk on water credit and the lender is selling the file with a heavy yield spread. 

@Nathan McBride We haven't done too much on this project yet (just closed at the end of last month), but I'd definitely say flips are equal parts fun and stress, haha! 

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

Please consider:Looking to partner with 2 other individuals (no family connection whatsoever) on an 80 unit multifamily --  party A being my SDIRA LLCEach party will contribute 1/3 of the required funds and have 1/3 ownership---this is not a syndication but a partnershipBalance financed via non-recourse agency debt with one of the other partners being the Sponsor Property would be purchased under a separate LLC with equal ownership My contribution would be made not from me but from my IRA LLC  --  not sure if this would be a loan to the joint ownership LLC or my SDIRA would need to be on titleNormally a deal like this could and in this case would be structured with a couple of additional expense items:An acquisition fee and potentially a disposition fee upon sale say 1.5% to the individual putting the purchase or sale deal togetherAn asset management fee (this is not a property management fee but more of an administration / manage the manager fee)These fees typically go to a designated member and/or the person that puts the deal together (me) but technically I suppose it could go to another 3rd party -- it is not part of the asset value they are expenses So my questions:Can I be the designated person to oversee and collect these fees?

You can have an agreement that is separate from your mortgage where you are equally responsible for the payment.

Originally posted by Account Closed:So, eventually when we‘ve got all of my duck in a row, we plan on purchasing our first rental property (probably a single family home).My boyfriend and I are equally learning together and have decided that real estate investing is going to be our path to financial freedom.

The first thing you migh need to do is walk your existing property and identify every single existing room with exact or near exact measurements noting in particular walls as some can exist as load bearing walls, important structural members for the exisiting structure, Make a scaled down drawing of the exisiting .Use for example 1/4 inch equals to 1 foot.

It was a hard time to find a job and it was even harder to willingly attempt to do something that felt equally as painful as walking to a hard-labor rock-mining camp and asking to be shackled.