Redwood City, CA · Member since 2017 · 6 posts · 0 votes
**First poster alert** I have heard variations of 'if you can get ahead of the path of progress, you'll make money', but how far ahead of the path of progress should you shoot for? What are some signs that you are ahead or behind the path of progress in an area?
Context: I am looking to jump into my first REI, and am thinking of using the BRRRR approach with multifamily (duplex-quads). Hoping for some insight in how to align finding a B/C property in an area that may be 'ahead of the path of progress'.
Appreciate anyone's/everyone's insight(s) in advance!
Bloomington, IN · Member since 2017 · 53 posts · 37 votes
9y
If you're looking at holding it how do you end up on cash flow on potential deals you're seeing? Would you be losing a ton of money until the progress part comes around?
If you can find a property that cash flows reasonably now and has good potential growth, then it sounds like you're in a good spot even if that growth is several years out or something changes and the path of progress goes elsewhere.