We’ll go into all the nitty gritty details and war stories (including a gas line excavation scare, crazy neighbor issues, city politics and a bamboo forest nightmare, to boot) so that it hopefully helps you prepare for your first or next MF deal.In one of our first multifamily acquisitions for Akras Capital, we encountered nearly every situation you could imagine - but we learned so so much and now we want to share it with YOU…In this article about this 5 unit acquisition we’ll cover:Investing out of state and how to source off market Multi-family deals in a red hot marketSeller Financing - how to close with little money downHow to find hidden equity and squeeze the most value of our your business planAll the ins and outs of the BRRRR strategy and how to achieve infinite cash on cash returnsHow to develop the right team and select the best property manager so that scary situations get handled without midnight phone callsHow to know when you should exit and sell the assetThe overall quantitative summary of the investmentBought the 4 unit+single family deal for $348K, with a $5K down paymentInvested $88K in repair costs for both buildingsSold for $658K$175K Profit, after sales costs in 18 months350% ROI* based upon initial cash investment of $50K, used for acquisitionFinding the Long Distance Deal - Building a Network that included WholesalersWe started Akras Capital in 2017 to acquire multifamily properties and focused on Spokane, the second largest city in the state of Washington.

I would welcome the opportunity to provide some local information and resources to help achieve your real estate goals. 

@Lindsey Vargas  Be careful about using just arrest records, especially when they did not result in convictions.Here's some excerpts from HUD/Fair Housing guidance that came out a few years ago:"A housing provider with a policy or practice of excluding individuals because of one or more prior arrests (without any conviction) cannot satisfy its burden of showing that such policy or practice is necessary to achieve a substantial, legitimate, nondiscriminatory interest."

Do anything to help you figure out what you want your strategy to be and if it is achievable in your desired area. 

Typically they will use bridge debt or similar until they can achieve a DSCR high enough to transition to agency debt. 

Hi @susana, I’d recommend taking a step back to figure out what you hope to achieve with a 12-cap.

What are your long term goals that you want to achieve?

Avoid the gurus, and focus on the basics of doing well in school, learn how to build solid relationships with people of diverse ages and professions, use your time purposefully to accomplish achievable goals, and get a humble job (one you turn 16) that gives you some income so you can learn to manage it well. 

I’m not looking for lenders, just looking to unpack this scenario.Assuming they are both achievable, is there currently merit in holding 5 duplexes and triplexes in a single commercial portfolio loan, rather than 5 individual residential “portfolio” loans?

It’s scalable, it has efficiencies that single family investing lacks, and you can achieve your goals with less deals and less work.