Stacy pulled the real records for this one. Not a hypothetical, not a round number example. The actual duplex she bought after 2008 wiped her out, the one that became the foundation of over 2,500 units. Here's what Stacy covered: ✅ Why she chose BRRRR on a small multifamily when she was rebuilding from zero in her early 40s ✅ The $29,750 purchase and $60,000 rehab, and why she wanted the LOWER price with the BIGGER rehab ✅ How an 80/90 hard money loan actually works and exactly what it funded ✅ What she brought to closing: $16,350, broken down to the dollar ✅ Why you need $10,000 to $15,000 liquid just to float contractor draws, and why $30,000 is the safer number ✅ The refinance math: $130,000 ARV, 70% LTV, $91,000 loan, $9,200 cash out ✅ Seasoning requirements, and why a 12 month seasoning kills a BRRRR ✅ How to calculate what is really left in the deal after interest, holding costs, and rent received ✅ The final scoreboard: $8,730 left in, $4,080 a year in cash flow, 46.7% cash on cash, $39,000 of equity created The part that matters most: Stacy was honest that these numbers are not flashy. $170 a month per unit. The point of your first deal is not the money. It's proving to yourself you can do it. She had 3 more deals running within 6 weeks of closing this one. Your homework: • Interview lenders BEFORE you have a deal under contract. Know the terms you are actually working with. • Run this full calculation on a deal you are looking at right now. Cash to close, holding costs, cash out, money left in, cash on cash. • Decide your maximum LTV before a lender tempts you higher. Stacy's is 70%, and the reason is 2008. Coming up: 📅 Multifamily Investing Kickstart Masterclass, Wednesday September 2 at 6 PM ET 📅 Virtual 3-Day Event, September 25-27. Mark it now, whether it's your first time or a refresher. Watch the full replay here: https://www.skool.com/the-first-deal-society/classroom/724478bc?md=b0cbdc84af6a408ebf102321b3be7763

Cross into 5+ units and that rule disappears. Value comes from income instead, specifically net operating income (revenues minus expenses). Push rent up by $50 a door across the building and the property's value can jump by tens of thousands of dollars. No new comps needed. Just the higher income. It's a different math than most first-time investors ever learn. Where are you right now? A) Own a property with room to push rent B) Still analyzing deals and factoring this in C) Hadn't thought about this until now Drop your letter and what size deal you're looking to do.

Hey everyone! I was going to be doing the training today at 2p ET since Stacy is traveling. Unfortunately I have come down with something and will not be able to. I promise to make it up to you all!

A saved post won't tell you if your numbers work. A spreadsheet won't either. But thirty minutes talking to someone a few steps ahead of you might. That's what tonight is. 6pm ET / 3pm PT. Short training, then small breakout rooms with real investors, no pitch. Grab a seat: https://zoom.us/meeting/register/4D32iYXVQbCmIIjsgG5mww#/registration Where are you right now: still comparing markets, ready to talk numbers, or already under contract? Drop it below.

Amazon returns. Thank goodness multifamily investing doesn't require being taller than five feet.