I would push back on the cities metrics. Yes they matter!! But, there's successful investors in every market in every market cycle. If one can copy and paste their strategy, one can be successful in even undesirable areas. It sounds counter intuitive, but for that reason, it works. BUT, yes, the metrics still must be considered. Don't want to invest in a truly dying market, especially if one has a shorter timeline.
@philpustejovsky it's a niche kind of perspective. Not exactly a high efficiency high percentage play, but less risky than it looks on paper. Yes, small multi-family. We have a decapitated SFH on the lot, we're planning on tearing down and building another 4 units for a total of 9 in the end.
@philpustejovsky a 5 unit bldg and a SFH. The SFH needs to be torn down and 2-4 units built back in its place. Given liquidity and lenders willingness to lend, we looking at a 65% cash out refi which would get all our cash out of the deal, if all the numbers work out as conservatively expected. Then on the the next project to create a buy and hold, cashflowing portfolio.
Thanks for reaching out! Development can be very expensive. It can be years before you see any cash flow! We suggest moving into assets that are already built and zoned for what you're looking to do. We certainly believe the need for having a roof over your head is more of a necessity, verses the need to have office space.
@@freedom_mentor yeah i think u.r right, i believe so too , thats why we are developing co living student living near popular universities and colleges
Every successful real estate investor has a mentor. Get your mentor here: www.freedommentor.com/apprentice/
Phil
I would push back on the cities metrics. Yes they matter!! But, there's successful investors in every market in every market cycle. If one can copy and paste their strategy, one can be successful in even undesirable areas. It sounds counter intuitive, but for that reason, it works. BUT, yes, the metrics still must be considered. Don't want to invest in a truly dying market, especially if one has a shorter timeline.
We appreciate your perspective! Are you investing in multi-family right now?
@philpustejovsky it's a niche kind of perspective. Not exactly a high efficiency high percentage play, but less risky than it looks on paper.
Yes, small multi-family. We have a decapitated SFH on the lot, we're planning on tearing down and building another 4 units for a total of 9 in the end.
Phil...... Unmatched strolling legend !!
Just got my 1st income property, happens to be Multifamily
Thanks gents
Fantastic! How many units?
@philpustejovsky a 5 unit bldg and a SFH. The SFH needs to be torn down and 2-4 units built back in its place. Given liquidity and lenders willingness to lend, we looking at a 65% cash out refi which would get all our cash out of the deal, if all the numbers work out as conservatively expected. Then on the the next project to create a buy and hold, cashflowing portfolio.
Hey Phil could u pls make a video on which is a better investment or business..developing a co living space or a co working space?
Thanks for reaching out! Development can be very expensive. It can be years before you see any cash flow! We suggest moving into assets that are already built and zoned for what you're looking to do. We certainly believe the need for having a roof over your head is more of a necessity, verses the need to have office space.
@@freedom_mentor yeah i think u.r right, i believe so too , thats why we are developing co living student living near popular universities and colleges
Nothing passive about real estate
It can be. Depends on the property type, the management, etc.
🤔 "promo sm"