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Updated over 7 years ago on . Most recent reply

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Dexter Kubi
  • W Hartford, CT
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Your first property

Dexter Kubi
  • W Hartford, CT
Posted
Hello all Currently looking at some properties. As a new investor, I️ just wanted to know some of the factors that made you pick a property. For example why did some target single family as opposed to condos or multi families house? Just curious as any tips or perspective will help out Thank you

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Linda S.
  • Investor
  • Richmond, VA
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Linda S.
  • Investor
  • Richmond, VA
Replied

@Dexter Kubi,

Multifamily>SFH in terms of cash flow.. focus on multi-family if it's an option for you are you are looking for cash flow! Also, if you're doing rehabs, double or triple your rehab budget, you'll likely find some unwelcome surprises!

If you're buying in cash,  no one will know if you're a seasoned veteran, or complete newbie... ask for a steep discount!    We typically get 25-40% of asking, all because we ask, and it's in cash!

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