@Val Fears nice

@Yinka Olayinka cool

Make sure that you budget for Property Management at 10 to 12% for something that size. There are a lot of property managers that will bill you 8% especially when they’re a smaller company however there’s usually leasing fees in addition to the actual percent on collected rent and it averages out for 10 to 12%. Also note that vacancy is more than 5% when you have a property manager. You can achieve this on small properties. If you self manage our property managers are pretty bad more often than not. It is worth figuring out how to manage something that size yourself if that’s where you wanna start. I started with a 12 Plex is my first deal in self managed up to my first about 100 rentals do not buy any price per unit by based on the Rate commercial Multifamily is where you want to buy high and sell low meaning by a high cap rate sell at a low cap rate. Typically that means that you’re buying a little less optimized asset and you’re building out systems to make it more of an investment rather than a job, which is where the biggest opportunity is in Multifamily of the size you mentioned Also note that if you’re doing a value at strategy at DCR Loan, it’s probably not a very good idea as it can have pretty wicked prepayment penalties and higher fees as opposed to a commercial lender that gives you a five year fix with a five-year adjustment. If you’re going to do this since you’re very first deal just make sure you have a lot of room for error in your monthly budget and a lot of value ad so that if rates adjust up you have margin. There may be some errors in my text as this is talk to text however, I am more than happy to connect with you sometime Commercial Multifamily is a powerful investment vehicle for those who understand it. Just make sure that you get the longest amortization possible to maximize cash flow for your first go around.

@Dion Talk Financial Freedom made it to level 4! Now I’m legit

@Ryan Phan I drill them into the walls for all units when possible