All Forum Posts by: Diana Dorantes

Excited for this meet up !  Hope to see everyone soon.

@Clay Gradis thanks for sharing.  What material are you planning on using for these roofs?

@Clay Gradis Congratulations looks like your getting into smaller multi unit properties.  Hoping to do something similar in 2019.

Reading everyone's response is interesting, I know different areas of the country offer varied returns.  Originally the aim was 150.  We just take our time to buy right.  I just averaged and we are making approximately 325 per door.  I read a few responses and some said 200 or less wasn’t worth their time.  I guess it really depends on everyone’ tolerance and risk.  

@Eddie Cottingham I agree most MLS multi family are usually over priced, however practice doing your numbers. Then when you find a good deal you won't hesitate! I recently found 2 MLS multi family, asking price more than what my numbers say is a good deal. Plan on making an offer on both..... who knows.

Hi @Tyler Rebischke, and welcome to BiggerPockets!  I can tell you my experience this past year.  I spend 3-4 times a week looking for smaller multi family but bigger than a 4 plex.  After about 6 months finally found a very promising lead.  Working on it now.  We should know in about a month if it will work out.

With that said, I would not recommend getting into larger multi unless you have a mentor or partner.  

If you are still looking for a multiple, house hacking may be a good alternative.  Before we pulled the trigger we educated ourselves, like what you are doing.  Keep looking, be patient, keep educating yourself.  

One foot in front of the other!   ; D

Hi @Elvia Morales, check out the Joliet real estate investors on Facebook.  Meetups are usually monthly.  There is also a monthly breakfast.... Hope to see you soon.

@Gino Barbaro congratulations to you and Jake on this purchase before the end of the year!   Lots of nuggets  from your BP podcast!  Keep inspiring......

@Christopher Lane  first of all I want to commend you for saying that you want to do this with your wife as a team....  Because one of her goals is being the best mom she can be, maybe try one strategy that @Brandon Turner did when his daughter was born.  He purchased a 4-plex designed to be paid off by the time she when to college or whatever she decides.  

I also heard of a flipper on a BP podcast that every time he sold a flip, he and his wife that originally wasn’t keen on real estate went on a vacation.  She then began to look forward to this and didn’t mind the real estate.  

@Shay Singh Interesting question.  I have not done this personally but I remember hearing on a BP podcast with @Brie Schmidt that she has purchased multiple homes on a portfolio loan.   You may have to contact multiple banks that will agree to do these types of loans.  Smaller to mid size banks usually better for this.