All Forum Posts by: Amelia Kayes

@Andrea M.  & @Steve Rozenberg   Thanks!

Assuming you prefer good quality photos/video of a unit to post in ads or on websites, how often do you update the photos/video to keep them current with the actual condition of the unit?

As a renter I often found it frustrating and misleading when landlords used photos that were several years old.

I'm just curious about everybody's thoughts and ethics surrounding this......

Thanks!

@Nazz Wang and @Joseph Ball    Thanks!

Hmmmmm....  With all the prep and research I've been doing over these past months I failed to really look at the ins and outs of commercial loans.  It would definitely be a stretch to come up with that big of a down payment and we only have minimal collateral.

Thanks @Tim Bishop !

@Tim Bishop  Even if we go after a commercial loan?

Hi everyone!  I'm new to real estate and BP.  I'd love to hear your opinions about this....

First, let me set the stage.

My boyfriend and I live in Fresno, CA.  We both have solid full time jobs in construction - I build elevators and he's a plumber - with no intention of leaving our positions anytime soon.  My credit is excellent and his is above average.  We have minimal debt and an emergency fund established. 

 We are interested in long term buy and hold multiple family properties as passive income for retirement.  Given that our first loan via traditional financing methods will probably be the best deal from the banks we will ever be able to get, is it a good idea to go big on our first purchase?  By "go big" I mean a 10-20 unit, maybe bigger, rental property.

The logical part of my brain says this is a good idea, but it is definitely a nerve wracking way to start investing given the multitude of ways this could go horribly wrong.

What are your thoughts?

@Jeff Zimmerman   We haven't started looking yet.  Still trying to get our ducks in a row before we take the leap.

@James Wise, @Jon Huber , @Frankie Woods   Thanks for the welcome!

Hi everybody!

Just wanted to say a quick hello!  My name is Amelia and I live in Fresno, CA with my boyfriend.  We are gearing up to purchase our first 10-20 unit multifamily property in the next year or so.  I am an elevator mechanic and work in new construction all over California.

My first exposure to BP was via the podcast which has been an extremely valuable resource.  I look forward to exploring what this community has to offer and eventually becoming skilled enough to offer advice to newbies on down the line.

Have a great weekend!