All Forum Posts by: Michael Moikeha

it partly depends on your passion. Do you like the long "con" or the short "con?" Flipping single family is a high speed 6 month timeframe. With MF purchases, it may take a year or 5 before you have renovated, stabilized the vacancy % and increased the NOI for a sufficient amount of time to effect property value.

Even within the 2 major categories, there are niches, so before deciding what is "better," decide what you would enjoy more.

Good luck with the podcasts!

Thanks for passing this information along! This is every investors dream! :)

Welcome to the BP family! Commercial real estate is where its at! At least thats the niche I have been working towards also, so it's where it is at for me too!

Why not start with a duplex, triplex, or quad? This way you can get cash flow moving while getting experience in running a property with tenants.

Good luck in your REI goals!

Most of the information you will receive can be gained through BP, networking through local REI clubs, and time.

If you want to take the quick route, fork out the cash, and speed up the process. I have heard good stuff about him.

99% chance it wouldn't go, but would it hurt asking? No, but don't put all your eggs in that basket.

If she is not paying her rent, and your rental agreement gives you the right to evict her, do it. You have a business to run, and if it is starting off bad, it will only continue.

You are right, this is not a charity.

The other thing I would advice is to try and figure out what you may have missed in the initial interview and application process, to avoid this in the future.

Good luck in your goals! REI is where it is at!

good luck my friend! I spent most of my years growing up in Washington. Love it, and love your enthusiasm. You can do it with no money. Just got to do the research here to make it happen!