You may go through a couple before finally landing on one.Once you have decided on a marketing campaign, you begin to get leads > make offers > and acquire assets.Just know that you still need boots on the ground, or someone to go view the properties on sight.

Hi everyone,I’m looking for some direction on next steps and would really appreciate collective guidance from this group.Here’s a snapshot of my current situation:Portfolio2 single-family homesOne is my former primary, now a rentalOne is my current primary (previously an investment property)2 three-unit multifamily propertiesEach worth approximately $1MOwned 50/50 with a partnerRecently refinanced at 75% LTV, 7.1% rate, 3-2-1 prepaymentEach cash flows about $800/monthFormer Primary (Rental)Rent: $6,200/monthMortgage: ~$7,400/month (FHA loan at 6.625%)Value: ~$1.1MNegative cash flow of ~$1,200/monthI did a cash-out refi ~2 years ago (pulled ~$200k to fund multifamily investments), which raised the rate from ~3% to 6.625%I’m unsure whether I’ll realistically be able to:Refinance into a better rate or out of FHA in the future, orIf selling once the tenant leaves is the more prudent option to stop subsidizing the propertyCurrent PrimaryPreviously held in an LLC as an investmentHigh interest rate (~11%)Now in the process of a rate-and-term refinance after moving it into my personal nameTargeting ~75% LTV (value ~$1.5–1.6M)Considering adding a HELOC post-refi to create liquidity for future investmentsIncome & GoalsCombined W-2 income: ~$310kGoal: scale cash flow aggressively enough to eliminate the need for W-2 employmentPortfolio cash flow is modest on a consolidated basisAppreciation has been strong, and I’ve used cash-out refis to continue acquiring and stabilizing assetsChallengeWhile multifamily and BRRR strategies have worked for equity growth, the timeline (8–12 months per deal) and resulting cash flow haven’t been sufficient to replace active income quickly.

Affinius Capital agreed to acquire the New Jersey and Boston apartment REIT at a 27.5% premium to its 30-day trading average — and shares still jumped over 12% on the news, underscoring how deeply discounted public REIT pricing had become relative to underlying asset values.It's a pattern with historical precedent: Blackstone's $26B acquisition of Equity Office Properties, its $13B buyout of BioMed Realty, and the $12.8B privatization of QTS Realty all followed the same logic — when listed REITs trade below intrinsic value, institutional capital moves in to capture the spread.Early in my career as an investment banking analyst at FBR Capital Markets, I had a front-row seat to the Bistricer family's entry into the public markets — we worked on their 144A, a pre-IPO step that preceded the eventual listing of Clipper Realty.

If that $300K equity can help you acquire one or two additional properties today, those assets get an extra decade of rent growth, amortization, and appreciation working in your favor. 

But after running the numbers, I started looking at a BRRRR approach instead — finish the rehab, rent it through Section 8, stabilize it, then refinance and use that capital to acquire property #2. 

I'm currently at #2 this year and am interested in acquiring more but have limited experience. 

After establishing a service company in 2014 and acquiring a commercial headquarters, financial discipline has been a key focus.Investment Focus & StrategyThe current focus is on transitioning fully into real estate, seeking assets that align with the following criteria:Target: Value-Add opportunities where a background in construction and structural knowledge can contribute to property improvement and appreciation.Goal: Income-producing properties with a focus on sustainable cash flow.Approach: Interested in projects that may require addressing physical property needs, leveraging practical trade experience.Building ConnectionsBringing a blend of practical knowledge and business experience to the table.

Just acquiring productive assets and holding them while everything else shifted around them.Land.Cash-flowing real estate.Physical assets that don't get restructured in a quarterly earnings call.The elevator operator couldn't own the building.

I own 28 rental units in Columbus that I acquired primarily using the brrrr strategy. 

What is the cost to acquire the land?