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Multifamily Strategy Community
2.6k members • Free
68 contributions to Multifamily Strategy Community
23d •
Question on down payment percentage.
Posted this on Deal Deep dive but got not answers, so reposting it in here… Is 5% for down payment on a 1million dollars deal to little? If yes, what would be a fair percentage? Thanks in advance
2 likes • 8d
@Abigail Florentino there is no perfect rule. However, from what I’ve seen of Christian, Cody, and Caleb’s deals, 10% down is often a good starting point. Adjust up or down based on what the seller wants or how they respond after you propose it.
8d •
Implementing RUBS - Looking for Feedback
Anyone successfully implemented RUBS in a tenant-friendly state? How’d you position it? I am evaluating a property where this strategy looks good on paper but would like to hear some real-world experiences.
2 likes • 8d
I bought a 4plex that had zero utility billback. Tenants paid electric since they are submetered, owner paid all other utilities. The units are also under market rent by $200. After buying, I used last 12 months of bills to determine that I should a $97 util billback to every unit at lease renewal. Every tenant signed the new lease. This is in WA which is very tenant friendly.
17d •
Cap rate vs Gross Multiplier
I posted something about this subject before but did not get any replies. If you use cap rate on your multi-family, what is a good cap rate in your mind? If you use gross multiplier, what is a good number for you?
0 likes • 14d
To answer your question more directly, I am in western WA (outside of Seattle). 7% cap rate is very good in my area. 8% and above is excellent. So I aim for 7% and up
0 likes • 14d
@Philler Siy your original question is unclear. There are 2 kinds of cap rate: - the cap rate you achieve when you operate the property - The market cap rate a property trades at In the former, I aim for 7% or better in WA. If it’s mostly turnkey, closer to 7% is realistic. If it needs a lot of value add, I would expect it to be 9% or 10% or better.
Oct '25 •
Closed! 25 pad RV park
The life events keep coming! I’ve just closed on a 25 pad RV park deal, taking my most aggressive stride forward in real estate. A lot of firsts for me on this one - First time using a creative financing structure, first commercial property, first time doing anything with RVs. This deal explodes the size of my portfolio and builds out my knowledge and confidence. The park needs a lot of work, but that’s also the opportunity. Ask me how it’s going 6 months from now 🙃
0 likes • Nov '25
@Patrick King thank you!! I have a bad example in the form of a guy named Christian who also buys too many deals on repeat
0 likes • 23d
@Mark Leonard $1.1m purchase price. I'm doing it all myself, no partners, which was only possible for me by using a hard money loan. Hard money loan in first for 81%, a tiny seller finance note in 2nd for 5%, 14% down. There are many existing long term tenants, but also many vacancies. The goal is to turn the park into a nice community, lease up, and refinance. Current cash flow is very negative. I don't recommend doing this :) Given the pieces I had, it made sense for me.
24d •
Goals for 2025
Everyone who reads this... Post your real estate goals for 2026 I'll start - Buy/Sell enough apartments to pay off $700,000 of debt on The Robin Hood Village Resort and finish my Moses Lake Hotel Conversion Lease up. That would leave me with only cashflow positive real estate in the entire 500 Unit portfolio. After that, grow my PM company to 1000 Units under management that are not owned by me. That would allow me to run a larger staff at a higher profit margin while providing even better service.... I am going to be busy again this year.... If I pull all this off I have way more time (an less stress) to spend with my kiddo (pictured here playing with a stick) who along with his mother (my wife Danni) are the reason I do most of the things I do. Outside of my portfolio: Multifamily Strategy is about to get way better. I am beyond excited to be making several anouncements to start the year.... weither you are here as part of our free community or part of the mentorship program 2026 is going to be the best year yet. (more to come) It is a absolute privelege to get share the adventure with all of you and I will do everything in my power to move each and every one of you towards their goals this year. What are your real estate goals for 2026? Christian Osgood
4 likes • 23d
Reach true financial freedom by end of 2026. That will include: - Getting my RV park to stabilization and hitting the cash-out refinance - Likely adding 50+ units to my portfolio next year!
1-10 of 68
@matthew-wang-5303
My goal is to move extremely fast to reach financial freedom in only 2 years! Based in the Seattle/Olympia area.
Add me on Facebook or Instagram!
Active 2h ago
Joined Mar 14, 2025
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