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All Forum Posts by: Shelby Savell

Shelby Savell has started 2 posts and replied 2 times.

Post: Inquiring about an active apartment that is not listed for sale

Shelby SavellPosted
  • New to Real Estate
  • Chipley, FL
  • Posts 2
  • Votes 0

There is a small apartment complex in my hometown that I think would be a great starter, its not currently for sale and I don't know if the owners have any intention of selling it. Should I try and reach out to them and if so what would be the best way?

Post: Good Idea or Bad Idea

Shelby SavellPosted
  • New to Real Estate
  • Chipley, FL
  • Posts 2
  • Votes 0

I've recently been listening to a lot of different content about RE and heavily considering jumping into the short/long rental game. With that being said I don't particularly like the idea of smaller multifamily, the numbers don't really make sense to me. I found a property that I really like, 30 units, already has PM running so its basically a turn-key short-term right now, location is great, inside the units looks great (built in 2022), but the price is way out there ($15m+). I was just wondering is it even worth my time to try and secure funding for it with me being brand new to this. Thanks!