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Multifamily Strategy Community

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69 contributions to Multifamily Strategy Community
MFS Fitness Side Quest
So I am in seven or eight different group chat chats with members of this community at almost every single one of them people have brought up the need to get into shape. Which has inspired me to get into shape. Since I already know, this is a goal for a ton of you. I'm going to hold myself accountable on this thread. You are more than welcome to join me. My workout plan is to lift weight six days a week and get 10,000 steps every day. I am starting at this post on day 3.
3 likes • 2d
To balance out your healthy goals, I will take on unhealthy ones. My goal is to lift more carbs and sugar into my mouth and not move for an amount of time equivalent to 10,000 steps a day. Someone has to do it.
Question on down payment percentage.
Posted this on Deal Deep dive but got not answers, so reposting it in here… Is 5% for down payment on a 1million dollars deal to little? If yes, what would be a fair percentage? Thanks in advance
2 likes • 24d
@Abigail Florentino there is no perfect rule. However, from what I’ve seen of Christian, Cody, and Caleb’s deals, 10% down is often a good starting point. Adjust up or down based on what the seller wants or how they respond after you propose it.
Implementing RUBS - Looking for Feedback
Anyone successfully implemented RUBS in a tenant-friendly state? How’d you position it? I am evaluating a property where this strategy looks good on paper but would like to hear some real-world experiences.
2 likes • 24d
I bought a 4plex that had zero utility billback. Tenants paid electric since they are submetered, owner paid all other utilities. The units are also under market rent by $200. After buying, I used last 12 months of bills to determine that I should a $97 util billback to every unit at lease renewal. Every tenant signed the new lease. This is in WA which is very tenant friendly.
Cap rate vs Gross Multiplier
I posted something about this subject before but did not get any replies. If you use cap rate on your multi-family, what is a good cap rate in your mind? If you use gross multiplier, what is a good number for you?
0 likes • Jan 5
To answer your question more directly, I am in western WA (outside of Seattle). 7% cap rate is very good in my area. 8% and above is excellent. So I aim for 7% and up
0 likes • Jan 6
@Philler Siy your original question is unclear. There are 2 kinds of cap rate: - the cap rate you achieve when you operate the property - The market cap rate a property trades at In the former, I aim for 7% or better in WA. If it’s mostly turnkey, closer to 7% is realistic. If it needs a lot of value add, I would expect it to be 9% or 10% or better.
Closed! 25 pad RV park
The life events keep coming! I’ve just closed on a 25 pad RV park deal, taking my most aggressive stride forward in real estate. A lot of firsts for me on this one - First time using a creative financing structure, first commercial property, first time doing anything with RVs. This deal explodes the size of my portfolio and builds out my knowledge and confidence. The park needs a lot of work, but that’s also the opportunity. Ask me how it’s going 6 months from now 🙃
Closed! 25 pad RV park
0 likes • Nov '25
@Patrick King thank you!! I have a bad example in the form of a guy named Christian who also buys too many deals on repeat
0 likes • Dec '25
@Mark Leonard $1.1m purchase price. I'm doing it all myself, no partners, which was only possible for me by using a hard money loan. Hard money loan in first for 81%, a tiny seller finance note in 2nd for 5%, 14% down. There are many existing long term tenants, but also many vacancies. The goal is to turn the park into a nice community, lease up, and refinance. Current cash flow is very negative. I don't recommend doing this :) Given the pieces I had, it made sense for me.
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Matthew Wang
5
307points to level up
@matthew-wang-5303
My goal is to move extremely fast to reach financial freedom in only 2 years! Based in the Seattle/Olympia area. Add me on Facebook or Instagram!

Active 2h ago
Joined Mar 14, 2025
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