All Forum Posts by: Jacques Bailey

Bigger Pockets Family-

Need a little help, better yet expertise. I currently have a Residential Investment Home that is currently on the market. After selling, I should walk away with about 375k to invest into another property. (Ideally Multi-Family) I struggled to find a bank to do a HELOC loan therefore had no other option but to sell :-(

I having a hard time finding the right opportunity (and Area) to focus in. I currently have strong ties to Phoenix, Miami, DC, Memphis and Houston so ideally would like to invest in Multi-Family in one of these areas. My previous property was cash flowing about $1675 a month or $20K a year.

My focus is to invest in the most amount of doors possible, in a Class B Neighborhood netting more than my previous investment. Looking for CoC greater than 12%.

I would like to make more than 20k a year off the investment, in market that has decent appreciation so that I can refi in a year or 2.

Where would invest? What strategies would you deploy? Who do I need to connect with for assistance.

THANK YOU IN ADVANCE! (banging my head against the wall- LOL)

Thanks for the reply and the info Chad!

Hi there, Looking to use this company for a deal- Did anything ever come of this?

 I'm curious as well Benjamin, of you could share with me as well.

Looking forward to connecting on this one.