Hello everyone, just wanted to give an update on my progress. I finally connected with one of the property managers after a lot of phone tag! Got some preliminary info over the phone and she is going to send me a copy of their agreement, fee schedule etc and get me market rents for the property I’m interested in. How is everyone else doing?

before you had a bunch of closings to point to

Had a broker ask me for my calculator after he sent over 3 properties and I let him know I ran the numbers but they are not making good financial sense.

Stacy pulled the real records for this one. Not a hypothetical, not a round number example. The actual duplex she bought after 2008 wiped her out, the one that became the foundation of over 2,500 units. Here's what Stacy covered: ✅ Why she chose BRRRR on a small multifamily when she was rebuilding from zero in her early 40s ✅ The $29,750 purchase and $60,000 rehab, and why she wanted the LOWER price with the BIGGER rehab ✅ How an 80/90 hard money loan actually works and exactly what it funded ✅ What she brought to closing: $16,350, broken down to the dollar ✅ Why you need $10,000 to $15,000 liquid just to float contractor draws, and why $30,000 is the safer number ✅ The refinance math: $130,000 ARV, 70% LTV, $91,000 loan, $9,200 cash out ✅ Seasoning requirements, and why a 12 month seasoning kills a BRRRR ✅ How to calculate what is really left in the deal after interest, holding costs, and rent received ✅ The final scoreboard: $8,730 left in, $4,080 a year in cash flow, 46.7% cash on cash, $39,000 of equity created The part that matters most: Stacy was honest that these numbers are not flashy. $170 a month per unit. The point of your first deal is not the money. It's proving to yourself you can do it. She had 3 more deals running within 6 weeks of closing this one. Your homework: • Interview lenders BEFORE you have a deal under contract. Know the terms you are actually working with. • Run this full calculation on a deal you are looking at right now. Cash to close, holding costs, cash out, money left in, cash on cash. • Decide your maximum LTV before a lender tempts you higher. Stacy's is 70%, and the reason is 2008. Coming up: 📅 Multifamily Investing Kickstart Masterclass, Wednesday September 2 at 6 PM ET 📅 Virtual 3-Day Event, September 25-27. Mark it now, whether it's your first time or a refresher. Watch the full replay here: https://www.skool.com/the-first-deal-society/classroom/724478bc?md=b0cbdc84af6a408ebf102321b3be7763

Welcome to the #1 Community for aspiring multifamily investors! 👋 This is where aspiring multifamily investors come to buy their first small multifamily deal (2-20 units). Remote. Without having to quit your job. Without risking everything you've saved. Here's exactly what to do in your first 48 hours. 🎯 STEP 1: Introduce yourself. Head to the Introductions category and create a new post. Tell us: - Where you live - Why you want to invest in small multifamily - Ask a question you (or someone like you) would like answered 🎯 STEP 2: Start the 5 Days to Your First Offer challenge in the Classroom. This is the fastest way to go from researching to actually moving. Five videos, one per day. Day 1 you pick your market. Day 2 you build your team. Day 3 you make your first agent calls, and I give you the exact words. Day 4 you learn to run a deal's numbers in about a minute. Day 5 you write your first offer. Every day ends with something to DO. Included. 🎯 STEP 3: Join us for our LIVE weekly training. Thursday at 2:00 PM Eastern. Find it in the Calendar tab. 20 minutes of small multifamily teaching plus live Q&A. 🎯 STEP 4: Check out the tools in the Resources course. Due diligence checklist, team hiring checklist, market shortlist template, broker outreach script, pipeline tracker, criteria checklist, and the rest. Everything we use when we put a deal together. Free in the Classroom. 🎯 STEP 5: When you're ready to get serious and get accelerate, it's time to move to the Inner Circle. For members done researching and ready to close: The complete First Deal Roadmap Course, weekly office hours, and monthly trainings.Cancel anytime, no contract. --- A few community guidelines. - This is a no-fluff community. Specific over vague. Real numbers over hot takes. - Ask questions. Share wins. Share losses. Help each other. - No guru bashing in posts (we have better things to do). No pitching other programs. No "DM me for opportunities." - The team and I are in here daily. Tag posts you want me to see.