u/Top-Inevitable4803

Hi everyone,

I'm wondering if anyone else has been thinking about this, I have a few properties all investment properties, and I don't particularly enjoy my 9-5 which does pay me well but high stress (corporate b2b sales), but I'm wondering has anyone used their real estate knowledge to start their own type of business?

One of my realtors is a investor focused realtor where he only works with investors and has many repeat clients such as myself. That sounded like something I'd be interested in. Does anyone offer coaching/consulting for new investors which is an additional income for you as well?

Just trying to see if there is anyone that can inspire me here regarding their career path/business. The goal is to have no boss and control my own time.

Hi all,

I've been managing and running my small MFH portfolio for 4 years now, I've got most of the systems down - usually saving up money every year or two for another property.

I was thinking, my portfolio is pretty healthy so I should take some more additional risk. Most of my properties are averaging $300k per property. Would it be ballsy to try to get seller financing deals for let's say a 4PLEX on the market that may not cashflow well, or just break even let's say around the $600k mark. Worst case I write off some losses due to the big tax bill I get every year from my other properties. On the positives, I have an asset that's 600k that I can manage and slowly trying to get in to the positive cash flow side.

It's becoming hard to save up money every year to get enough cash for the traditional 20% down payment, and I haven't tapped into any equity or refinanced yet - that is also an option for the future.

Has anyone gone down this route? Leverage a bit more - stabilize the properties and just try to get the rent roll high as possible?

Happy to hear thoughts, concerns or any roasts.

Looking for some outside opinions from people who have done small multifamily development or BRRRR style projects.

I currently own a property and the vacant lot directly beside it just came up for sale. Lot is around 0.35 acres and already has a driveway/gravel/paved area. Zoning allows up to 3 residential units as-of-right.

Seller may be open to vendor take back financing. I’m thinking something like:

• Purchase price around $70k–$80k • ~$10k down • 4–5 year term • Around 4% interest

The idea would NOT be to build immediately. I’d probably sit on it for 1–2 years while paying it down, then eventually build a triplex once I have more capital.

I also have a contractor that multiple investors I know have used successfully, and his pricing is around $184k per unit all-in for basic modern multifamily construction.

So rough build cost would be:

• ~$552k construction cost • Plus land + financing + permits/site work/etc.

Projected numbers if/when built:

• 3 units • Probably targeting rents around $1,850–$1,950/month each • Basic but modern finishes • Long term hold strategy

The long-term plan would be:

1. Acquire lot with VTB
2. Build triplex later
3. Stabilize with tenants
4. Refinance after completion/appraisal
5. Pull out as much capital as possible and repeat

What I’m struggling with is whether carrying land payments for years before building actually makes sense. I’ve never done new construction before, and running the numbers it seems like it may only break even for cash flow. The bigger play seems to be the equity pullout after stabilization/refinance.

Pros I see: • Adjacent to my existing property • Control over neighboring lot • Small multifamily demand seems strong locally • Potential forced appreciation through development

Cons: • Negative cash flow until build • No new construction experience (mostly bought turnkey before) • Refinance/appraisal risk • Opportunity cost of tying up capital

Would you:

• Lock it up now because developable land is getting harder to find? • Or pass and wait until you’re actually ready to build?

Curious what experienced investors/developers would do in this situation.

I was thinking the other day, I am already self managing 10 units, it has its ups and downs, but managing someone elses property has crossed my mind. Has anyone went from being a small time landlord to a full time property manager? Worth it?