"Value add multifamily" is a cute term, but it will be an absolute bear of a project that will evaporate cash if you don't know what you are doing...and perhaps even if you do know what you are doing.

Hi Ben, I'm way new to this and I'm not as far along as you are, but I wanted to say I can relate to feeling alternately encouraged and then like my dreams might be unattainable.

Yes we definitely encourage everyone to STICK TO THE PLAN when renovating!

The best thing this community can do is encourage your son to run far away from a subject to deal.

I’m curious to hear if people have done this in the past, how they did it, how they started, etc.Any thoughts / discussion / enlightenment on this is encouraged!

🎉 As we kick off 2025, I want to encourage all my fellow Americans stationed in Germany—or preparing to move here—to start thinking differently about your housing allowance.Did you know that your housing allowance could be more than just a rent payment?

Encourages Larger Investments: By offering higher returns at higher tiers, you incentivize investors to allocate more capital to your projects.Builds Long-Term Relationships: Investors appreciate being rewarded for deeper commitments, which helps foster trust and repeat business.Scales with Your Business: This structure can align with the complexity or scale of your projects, ensuring that you have the resources you need while staying competitive in the market.Key Benefits to InvestorsSecurity: Deals can be secured by tangible assets, such as a deed of trust or promissory note, providing peace of mind.Flexibility: Payments can be structured to suit the investor’s needs—monthly, quarterly, or upon project completion.Attractive Returns: With returns starting at 15%, investors often see better yields than traditional investment vehicles, like stocks or mutual funds.How We’ve Implemented ThisThis structure works particularly well for our large renovation or development projects where multiple investors may be involved.

I encourage you to dive deep into forums, listen to podcasts, and connect with like-minded individuals.

You can find plenty that look good on a spreadsheet, but the maintenance on an older home along with the pool of tenants that you are renting to will evaporate the "cash flow" very quickly. 

I am not sure where you are located, but I'd encourage you to call around to PM's & you may find one willing to help you.