Ok, its a little embarrassing that I left this progress thread untouched for months, then someone else finds it 
@Excalibur sounds like you've had some good success with your purchases! Very nice.
There is definitely a balance between speed and risk. I'm starting to toe the line on the risky side of things
Progress Update
Last time I posted, I was in the Short Term Rental mindset.
But this is TFF, and the goal is to ride the FASTlane. The goal isn't cashflow, but value-add. Not buy and hold, but "fix and flip" (add value and sell).
Flipping single family houses is one route I was considering for a while, but my ambition is driving me towards commercial multi family.
So I've been learning that
I recently enrolled in a 2-week bootcamp about MF investing and learned a TON, and now also have a network of other students and existing investors to tap in to.
Talk on TFF about real estate / the market, people are saying they're not buying right now. It seems I decided to invest when we happen to be at the top of the market...so I'll slow my roll and not be in a rush.
The plan: move to Tampa and rent. Keep an eye on residential MF properties and if a good deal comes along, buy it with a low down payment. Keep practicing / learning commercial MF underwriting and other skills so when a good deal arises I can move on it.
@Excalibur sounds like you've had some good success with your purchases! Very nice.
There is definitely a balance between speed and risk. I'm starting to toe the line on the risky side of things
Progress Update
Last time I posted, I was in the Short Term Rental mindset.
But this is TFF, and the goal is to ride the FASTlane. The goal isn't cashflow, but value-add. Not buy and hold, but "fix and flip" (add value and sell).
Flipping single family houses is one route I was considering for a while, but my ambition is driving me towards commercial multi family.
So I've been learning that
I recently enrolled in a 2-week bootcamp about MF investing and learned a TON, and now also have a network of other students and existing investors to tap in to.Talk on TFF about real estate / the market, people are saying they're not buying right now. It seems I decided to invest when we happen to be at the top of the market...so I'll slow my roll and not be in a rush.
The plan: move to Tampa and rent. Keep an eye on residential MF properties and if a good deal comes along, buy it with a low down payment. Keep practicing / learning commercial MF underwriting and other skills so when a good deal arises I can move on it.
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