Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

I have purchased over 18,000 units of multifamily and have so many lessons and would have done things a lot differently based on what I know now.Real estate can be a risky business due to markets turning, but also because people are involved.

.: You would have to be NUTS to get involved with one of these multi family investments right now.

Since these actions are very state specific, and involve an understanding of esoteric features of civil law, it’s vital that your friend engage the services of an attorney specializing in ASSET PROTECTION and licensed to practice in the state in question.  

Utilizing CREATIVE strategies can ENHANCE your wealth building, IF you know what the heck you’re doing, but creating an investment program around creative strategies rather than using creative strategies when and if appropriate will at least quadruple the time it takes to build a portfolio, if you’re able to generate enough deal flow at all. 

Banks hide it in rate, non-banks itemize it.If you’re trying to avoid big upfront costs, portfolio lenders and some DSCR programs can work well, but they tend to trade slightly higher rates for flexibility and speed.Timing matters a lot with a 1031.

You can still be involved in the process. 

@Eric Hanfling first of all, great job in taking the leap and getting involved in real estate.

Is Peter Conte program is definitely a fraud.

There are also purchase and refinance programs for investment loan programs that can help you scale faster and exit your day jobs more quickly as they will allow purchase loans to be structured with AirDNA and refinances to be structured with STR data.