My name’s Caty Deaton — I’m based in Kentucky and work on the dispositions side of real estate investing, helping connect investors with off-market properties nationwide.I’ve been diving deep into wholesaling, creative finance (Subject-To, seller finance, wraps), and multifamily deals.

It switches in to your name automatically when they move out and in to new tenant’s name when they move in. 

One thing I would do is the foundation and the termite, check to see if you list it at market value if you can get someone to buy the place and disclose the issues and give them a credit or meet them in the middle or even 2/3s of the cost and you can save some money and maybe even get the deal to make some money. 

With the seller who's looking to retire.

Also align leverage to risk instead of one-size caps, and reward clean execution with lighter docs and quicker draws on the next deal.

Guess I never paid attention, I just know on some more expensive items I just figure to go in the store (i.e. new xmas tree this year was $600) so worth the few mins extra time driving versus having it delivered to my door to get the 10% discount, but I never calculated if it was actually 10% just paid once they rung it in with discount. 

Unfortunately, I’ve run into a lot of people who were sold a project that was dead in the water to begin with.

Over the past 8 years I have added between 10 and 100 properties to my portfolio each year (I also sell properties from my portfolio each year too).

Hi @Michael Santeusanio, I’ve been on both sides — I used to be more active in deals, but these days I’m focused on passive investing.

For your first deal, focus on cash flow, location, and property condition, especially with small multifamily units.