I'm looking for a couple of people to read the copy of my first book on Creative Finance. It's one of a three-part series I'm working on right now and I'm looking for feedback on my first draft. If you're reading this and you feel that you have some skills in editing and you are an accomplished reader, I'd love to connect with 1-2 of you about giving it a read through and providing feedback on any improvements I can make or sections I may have missed. I should have draft one back for my editor this week, but rely on y'all to tell me if it's good or not. By design, it's not going to be a long book. It's about 135 pages, so it should be a relitivley quick read.

cash cow. Decent shape. Anyone buying in Pine Bluff, AR?

I’m looking at a 12 unit that is listed for 549k. It’s all 1/1s. Tenants pay electric, owner pays water, trash, and lawn. The gross rents are all over the place, stating the year in the 2k-3k range and ending the year in the 5k-6k range. The repairs were almost 20% of gross rents last year! Utilities were almost 15%. Obviously, the NOI is bad based on the low initial rents and high repairs. The repairs could be rehab to the existing units, which would be easy enough to verify. My question: What signs do you look for that a property is mismanaged, rather than having continuous problems? If the next owner was able to cut down on the repairs, the returns start looking really good…. But that’s IF you can cut down on that huge expense. Thanks in advance, I’m learning a lot from y’all!

I just closed on my first large multifamily deal, 9 units bringing me to 20 units total. Big thanks to @Christian Osgood for all the help, the mentorship has given me the confidence to take on bigger deals and get out of my comfort zone. I found this deal off market by networking with owners. Currently working on an 8 unit and a 30 unit too! 🇺🇸