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Multifamily Strategy Community

2.6k members • Free

16 contributions to Multifamily Strategy Community
I lost a building today... literally burned down
Today I was supposed to close on 144 additional units and I did. However, instead of my unit count going up by 144 units only went up by 142. On my drive over to set up our new operations, I got a call that one of my units that burned down. I got pictures this evening and turns out it actually did. Fortunately, no one was harmed, and the tenants have found new homes within our Washington state portfolio. Worst fire I've had in my portfolio and my investing career.
I lost a building today... literally burned down
2 likes • 27d
Glad nobody was hurt! Whats your plan for these units now?
30%+ ROI Adult Family Home in Spokane Valley, WA
We’re excited to share an opportunity in Eastern Washington that solves a real housing need while producing strong, predictable cash flow. My wife is a nurse who works directly with adult family home (AFH) operators, and through her role we’ve identified a significant shortage of licensed AFH housing in our market. The operators themselves are experienced, licensed, and in demand, but most lack the capital to purchase and renovate homes to meet state compliance standards (ADA ramps, safety bars, egress windows, etc.). That gap creates the opportunity. Today, we have two qualified and licensed AFH operators ready to open their second and third AFH locations immediately. Both are prepared to sign 5-year leases at $5,000 per month, which is consistent with market rents for AFHs ($5,000–$6,000 depending on room count). Here’s what’s already in place: - ✅ Tenants lined up before purchase - ✅ Experienced AFH-focused contractor for renovations - ✅ 80% bank financing secured - ✅ Full management, maintenance, and repairs handled by us This is a long-term, stable rental model with operators who rely on continuity and typically stay well beyond initial lease terms. We’re seeking a partner for the remaining 20% down payment plus renovation capital. Based on final renovation costs, projected returns conservatively land at ~30% annual ROI, with upside into the low-to-mid 30% range, driven by strong in-place cash flow, not speculation. This investment is stable because it’s backed by real estate and long-term leases with experienced adult family home operators. Investor capital goes directly into the down payment and required renovations, which make the home compliant and immediately rentable. Investors get paid from contracted monthly rent — not appreciation — and we already have additional operators lined up, creating strong demand and downside protection. What makes this especially compelling: - Needs-based housing with growing demand - Long-term leases with experienced operators - Day-one cash flow - Conservative debt - Hands-on operators with aligned incentives - High cash flow!
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Hi, I'm Andy W. Keane, a direct private and hard money lender offering fast, reliable funding for real estate and personal ventures. From fix and flips to buy and hold, rehab, multifamily, and personal or business loans, I provide flexible solutions with competitive rates and up to 100% LTV. Let’s fund your next deal. Andy W. Keane 📧 Keaneandy641@gmail.com
0 likes • Dec '25
Hey Andy! Would you hold in second position?
New member
Greetings to all! New to the group on Tuesday. From NW Ohio near Toledo. 25 yrs General Contractor, Journeyman Carpenter, Sales. Not new to real estate but new to multifamily. Going to own them vs. build and work on them. Ciao' for now.
1 like • Dec '25
Welcome to the group! Thanks for the tips above! I feel like your previous career will help a ton in underwriting plus you can save a ton doing the work yourself
Seeking Connections: On the Path to My First Multifamily Deal
👋 Hey everyone, David here from Gorilla Wealth Group in Central Florida. Just being transparent: I haven’t closed my first multifamily deal yet, and I haven’t made a dollar from this side of the business so far. It’s been a grind—lots of underwriting, networking, and chasing opportunities, but the breakthrough hasn’t happened… yet. I know I’m not the only one on this path, and I’d love to connect with others who are in the trenches, still hustling for that first win. If you’re working toward your first deal (or remember what that felt like), let’s share what’s working, what’s not, and support each other along the way. Drop a comment if you’re on the same journey or have advice for those of us still fighting for that first close. Here’s to persistence and progress! 💪
3 likes • Dec '25
I just started and am in the same spot (we’re all in this group for a reason… to learn skills!). What’s working for you and not working for you so far? What is your current process like for calling brokers / owners?
1-10 of 16
Patrick Laffey
3
45points to level up
@patrick-laffey-2302
I am looking to acquire properties in Eastern Washington and Idaho!

Active 7d ago
Joined Sep 22, 2025
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