All Forum Posts by: Calil Clark

What do you guys think about strawberry mansion?

I understand where you are coming from Scott the market is extremely competitive right now.  I would suggest just going down in the neighborhood(s) you want to invest and start talking to people and see where that goes.  I feel like you may have a better chance talking directly with homeowners who may have inside information about who's thinking about selling etc before it goes on the market.  At least thats what i'm going to start doing.  I can let you know how it goes for me. 

Awesome man!

@Ryan Cameron sounds good. Shoot me a message I'd be more than willing to share my experience with the sheriff sale

Hi @Matthew Wasley, and thanks for the welcome! I am just beginning my search for my first multi-family. So far, I would say that there just aren't many on the market compared to SFH. Which is a gift and a curse. Less competition than SFH but also a lot less inventory. On top of that, I am specifically looking in an area where multi-families are slim. In the last year there have been 14 settlements. Again, I am just beginning my search, and I have only been marketing for deals on the MLS. I plan to do my first DM campaign by next week and see what kind of responses I get. My criteria is pretty strict.

@Paul Caputo Well said! Thanks a lot!

Thanks @Paul Caputo ! Really appreciate your time and well thought out explanation. I'm currently analyzing a neighborhood and was looking 10 years into the past, I just figured using two years would be an easy example.  I wanted to make sure I was on the right path and my math was on point.  This particular neighborhood has experienced some serious appreciation in the last 5 years. Assuming you are a buy & hold investor, do you have certain cash flow criteria that you never stray from?  I hear some investors do, and I also hear some investors don't necessarily care about cash flow right away as long as it isn't negative, and the property is in a great location that will appreciate eventually. Thoughts? 

@Russell Brazil That makes a lot of sense. Thanks for your time and input!

After redoing the math I actually came up with 7.1%