All Forum Posts by: Tanner Litchfield

@Bryan Noth Hey Brian! I appreciate the advice. I will look into this. What would you recommend I search for these specific laws?

@Frank Hinck hey Frank! I have listened to that podcast and that helped me throw together the idea. I actually followed Todd on Instagram and have already asked him a few questions! Solid dude.

I am looking to buy a home in WA state. It is divided as a tri-plex, but it is currently Single Family Zoning. I don’t think it was ran properly from any angle, however, is there anything I can do to be creative about this and make money?

My idea was to rent room by room, 3 rooms per unit, and hopefully still be okay with the single family zoning.

Any ideas or advice?

@Jordan Deeney thanks for the thorough response. The MLS has been my new Instagram lately!

@Salvatore Lentini thanks Salvatore. What do you recommend for getting on the lists? Just calling around? Emailing?

Advice on finding my first deal for a flip?

I understand networking is key. I've joint local REI groups, but if I'm new to the game, what advice do you all have on finding deals?

Thanks in advance.

I have been trying hard to try and build my fathers real estate portfolio. He buys SFH with cash and let's them sit. He knows it's not the best way to utilize his income, so he's open to other ideas.

I have been studying hard to help him convert his portfolio into MFH and to buy more apartments to get better returns using the bank to leverage his money.

I present him the numbers and it usually comes in around 10% cash on cash return. He says that he doesn’t want to throw his money into that because he can be a hard money lender for developers where his “numbers” are a lot higher. The developers usually throw equity as well.

The simple question is, what are the pros and cons of MFH investing yourself versus him investing in a developer who builds apartment buildings or senior living and gives him “18% return plus equity and everything you ever wanted”?