Should You Buy A Multi-Family While Working a Full-Time Job? Mentorship Monday - 091
1,085 views · Published 19 March 2018 · 3:03 · Indexed 26 October 2026
Channel: DeRosa Group · 2018 · Education
Well Joshua, the simple answer is Yes! Although this does depend on weather or not you can get qualified for financing. You mentioned that you're already working in the real estate space so that's an added bonus of the knowledge you bring to the table. This is important for everyone to recognize in themselves. Ask yourself, "what skill sets do I bring to the table?". You mentioned that you travel a lot for your job, so the next thing you'll need is a good and trustworthy property manager. In this case you'll want to find someone with a big portfolio of properties they manage and are professionals at doing it. Since you won't be around to always check on the property, having the right management in place will help tremendously. Hope this helps! As always, "Have a Great and Profitable Week"! Remember to Register for the Mid Atlantic Summit, I'll be speaking along with a panel of amazing speakers from BiggerPockets and the New Jersey/Pennsylvania area. Use coupon code "Matt10" to get 10% OFF your registration fee. Get your tickets now! www.MidAtlanticSummit.com As always, please email us any real estate questions to [email protected] and we will answer them on an upcoming episode! Learn more about The DeRosa Group at http://www.DeRosaGroup.com or on BiggerPockets.com - https://www.biggerpockets.com/renewsblog/author/mattfaircloth/ Matt & Liz, founders of DeRosa Group, were recently second-time guests on the BiggerPockets Podcast. Check it out: https://www.biggerpockets.com/renewsblog/bp-podcast-203-finding-deals-funding-contractors-mentors-matt-liz-faircloth/ Find us on Facebook https://www.facebook.com/thederosagroup/ Learn More about The DeRosa Group by Checking out our suggested videos: How I bought a 18 Unit apartment with NO MONEY out of Pocket https://www.youtube.com/watch?v=3dDRVGYI1wg&t=14s How I turned a Duplex into 20 units https://www.youtube.com/watch?v=JzhkWhyssaM&t=1s How to Remove a Bad Tenant (without having to evict) https://www.youtube.com/watch?v=FnGZQOebixY&t=1s Tips for Hosting a successful Open House https://youtu.be/8DBtD1OcjKQ Best ways to Collect Rent From Tenants https://www.youtube.com/watch?v=iOeTxzDjXWY&t=3s The Pros and Cons of Using LLC for Rental Property https://www.youtube.com/watch?v=edHaGYXhH1I&t=24s 21 Year Old Makes $23,000 on First Wholesale Deal https://youtu.be/UkeUxkLQTFc Chat with Chatto Episode 001 First Actions Steps to take Learning to Wholesale houses https://youtu.be/fzXubrnuGKM
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