Pinned
May 25 •
👉 START HERE: Poll & Welcome to Our Community! 🎉
Welcome to the #1 Community for aspiring multifamily investors! 👋 This is where aspiring multifamily investors come to buy their first small multifamily deal (2-20 units). Remote. Without having to quit your job. Without risking everything you've saved. Here's exactly what to do in your first 48 hours. 🎯 STEP 1: Introduce yourself. Head to the Introductions category and create a new post. Tell us: - Where you live - Why you want to invest in small multifamily - Ask a question you (or someone like you) would like answered 🎯 STEP 2: Start the 5 Days to Your First Offer challenge in the Classroom. This is the fastest way to go from researching to actually moving. Five videos, one per day. Day 1 you pick your market. Day 2 you build your team. Day 3 you make your first agent calls, and I give you the exact words. Day 4 you learn to run a deal's numbers in about a minute. Day 5 you write your first offer. Every day ends with something to DO. Included. 🎯 STEP 3: Join us for our LIVE weekly training. Thursday at 2:00 PM Eastern. Find it in the Calendar tab. 20 minutes of small multifamily teaching plus live Q&A. 🎯 STEP 4: Check out the tools in the Resources course. Due diligence checklist, team hiring checklist, market shortlist template, broker outreach script, pipeline tracker, criteria checklist, and the rest. Everything we use when we put a deal together. Free in the Classroom. 🎯 STEP 5: When you're ready to get serious and get accelerate, it's time to move to the Inner Circle. For members done researching and ready to close: The complete First Deal Roadmap Course, weekly office hours, monthly trainings, and a VIP ticket to the next Multifamily Deal Ready Intensive included ($197 value). $97/mo (50% off for the first 100 members). Cancel anytime, no contract. --- A few community guidelines. - This is a no-fluff community. Specific over vague. Real numbers over hot takes. - Ask questions. Share wins. Share losses. Help each other. - No guru bashing in posts (we have better things to do). No pitching other programs. No "DM me for opportunities."
Poll
13 members have voted
2d •
Hey everyone, glad to be here
I've been in real estate investing for almost 10 years now, and I'm based in the Philadelphia area. I'm here because I want to get more focused on small multifamily (2-20 units) and learn from people actually doing it day to day. I also run a small software company, but that's not why I joined, just want to learn, add value where I can, and get to know some of you. Question for the room: what's been your biggest lever for finding off-market small multifamily deals remotely? Feel free to say hi.
7h •
Networking Call
I am not able to get into the call or is this something for members of a higher status?
0
0
15d •
Broker
Had a broker ask me for my calculator after he sent over 3 properties and I let him know I ran the numbers but they are not making good financial sense.
4d •
🔨 REPLAY IS UP: The BRRRR Numbers, Start to Finish
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: 📅 Apartment 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
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skool.com/the-first-deal-society
The go-to Skool Community for investors wanting to buy their first small multifamily property.
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