All Forum Posts by: Bryce Muller

Bryce Muller has started 6 posts and replied 15 times.

@Bryce Muller I can't tell from your post - are you working with lender and a realtor? Or just browsing Zillow?

All three but i use Realtor.com :)

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Since I am new I don't know if I am being smart by being patient or stuck in analysis paralysis. I have financing and cash but I cannot find the right property. When I think about investments, I want atleast a 3-4 unit multifamily with a value add opportunity or a single family house hack using FHA to move out for a year. I am searching in the Danbury CT area and listings meeting my criteria in the location I desire are scarce. Any advice to help ease my stress?

You are on the right path, but it's frustrating because the market has been so strong for so long that deals are hard to find. You need to think outside the box.

Have you tried looking for off-market deals? Run a search of expired listings to see if anyone tried to sell and failed. Maybe they are still interested. Drive the neighborhoods you are interested in and look for four-plexes that appear neglected or poorly managed. Track down the owner and speak to them directly to see if they are interested in selling (you can sometimes get their contact information from one of the tenants, especially if they are unhappy with their Landlord). Call the property managers in your area and ask if any of their owners are considering selling.

A fourplex is a better way to start. Read "Set for Life" by Scott Trench or "House Hacking" by Craig Curelop to get a better idea of how this accelerates your investment strategy. I would do it myself if I were single, even at the age of 52.

I need to work harder on marketing and lead generation. That is something i wanted to focus a lot on when i got my license because if it there is not a deal opportunity, atleast i can get listings from people who do not want to sell at a discount.

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Quote from @Alpha Journal:

Hey Bryce,

I was in your position 2 yrs ago when I first started. I currently have a few properties and I'm also in the Danbury area. Feel free to ask me any questions and I can even meet up with you if you like.

I am new to BP so i do not know how to private message but I am interested in connecting soon. Thank you!

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Quote from @Bruce Woodruff:

Why start with a 3-4 MF? Way less of them, and more expensive to get into. Why not start with a nice SFH, maybe a fixer so you can get some easy equity built in, let out a room if you can? Then refi in a couple years and get more...or then step up to a MF.

Seems like you're trying to start in the middle instead of the bottom, no wonder you're frustrated.....relax and be patient, you're still really young....

i try my hardest to relax and most importantly stay patient. I am considering a SFH if it is the right one. Thank you for the advice!

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Hi BP community,

I am 22 years old, I have been focused on finding a rental property for 3-4 months and doing research for about a year. I took the state re licensing exam two days ago and will start working as an agent soon. When I think about investing or look at properties, I feel like I don’t know what I want or cannot find it and end up changing my search to another location or property. At the same time, I want to move out of my parents house so i can have more control over my environment, focus and become more productive. However, most multifamilies I come across are fully occupied. Overall, the fustration makes me want to put my head through a wall.

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All Forum Posts by: Bryce Muller

Bryce Muller has started 6 posts and replied 15 times.

Post: Trying to find first rental

Post: Trying to find first rental

Post: Trying to find first rental

Post: Trying to find first rental

Post: Trying to find first rental