All Forum Posts by: Avery Heilbron

Hi @Zach Strong welcome! I am currently doing a garage conversion as well. I have some STR's as well as small multis and would be happy to connect

Hi @Ashley Stusse where in NC? I am in the raleigh-Durham area. Feel free to send me a PM

Hi @Shawn Martin I'd be happy to help I'll send you a PM

Hi @Scott Eranio kudos for putting together that first post. I actually purchased my first 2 househacks in Everett, MA but am now a realtor down in the Raleigh-Durham area continuing to do the same. Would be happy to chat about the area. I'll send you a PM

HI @Beste Park check out the multifamily wealth podcast with Axel. He does a great job going over direct to seller strategies and buying multifamily

Hi @Linda Cunliffe I am an investor and agent in Durham and have worked with multiple contractors. I'd be happy to refer you. I will send you a PM

@charlie gonzalez your realtor should be able to help you estimate costs as well for a basic idea

Welcome @Yiyi Zhang!

@Michael Bender

Cash flow is definitely dependent on what you're buying and where. It is also more difficult to find a multi that makes sense today with the debt you take on. Even hitting the DSCR requirements a bank would have can be difficult at what owners are trying to sell at. Do you want to do any value add or just looking to change asset classes and park your funds?

It's possible you could manage it yourself but you will need solid systems in place and depending on where you buy to hit your goals you might be giving yourself a very active full time job while you're learning how to manage that property. Overtime It would get easier I am sure.

Economies of scale and everything being under one roof is probably your biggest attractor for owning multifamily. The negative could be that you purchase a bad asset and have put all your eggs in one basket.

I think the biggest lesson today is that you would need to be patient in order to find what you're looking for and it's possible you don't find it within the timeframe that a 1031 exchange allows.

Happy to connect or chat further. I am an agent in the area.

Hi @Paul Kielczewski Welcome to the area. There are a number of meetups that happen monthly in the area where you can find some great connections.