Saturday, September 17

I’m a dummy. Yesterday I found out from the architect that I need a topographical survey done on our duplex. Ugh. She can start with drawings using her own measurements, but she needs the real thing in order to complete the project. I wonder how much that will cost. In other news, the surveyor did complete the Record of Survey. Progress is being made.

As I continue to read, my strategy keeps changing in my head. When our HELOC closes, we will have about 300k for acquisitions. I would like to recoup our capital investment from each property to be able to acquire additional properties. I think I would like to start with BRRRRing triplexes and quads. I wonder how hard it is to find cash-only deals on empty small multifamily properties. I will continue reading and changing my mind. The good thing is I know how much capital we will have which will limit the deals we can buy which will help me make decisions, I hope.

Leave a comment