Financial Freedom in 3 Years by Scaling with Small Multifamily

[@NikkiDontStop]

Amazing content, loved the guest! Thanks for sharing. Definitely have him back on!

[@ArchlineCapital]

Thanks Nikki, glad you enjoyed the content!

[@themultifamilywealthpodcast]

Amazing content! Many investors fail to find good deals because they haven't analyzed enough properties. Analyzing multiple different properties is really crucial for successful real estate investing.

[@ArchlineCapital]

Appreciate the comment! You're spot on. The flip side of analysis paralysis is not taking action-- just start "muddying" through deals and people will start to realize what's needed to succeed.

[@mrjcolbert1]

Good job Dan! I was in the IROP class with you last year. Wishing you continued success in the future!!!

[@netkev92]

I enjoy the shorter rookie format. Soaking them in like articles during my drive to and from work. I’m listening for the next tidbits for growth.

[@apartmentinvestingforbeginners]

Great video. I'm looking to do the same. I got a deal on a small cost of entry and I will own a 5 building 28 door portfolio

[@delontamcclain4571]

Thanks for the awesome content (some horror story, lol) very informative. Keep the episodes coming !!!

[@ArchlineCapital]

Thanks for the feedback! In the moment, it seems insurmountable, but looking back you realize how much you can overcome.

[@richardjudge2322]

Thank You Tony and Ashley

[@DameonRomoser]

Great episode

[@amberterry2090]

Curious about his first deal....hard money close and then refinance....how much money is lost doing the double close? I've considered doing a similar method on my first property to cash close and then refi later, as the cash close offer is much stronger, but want to factor the costs in of the 2nd close. Not sure what is different if anything on the 2nd close cost?

[@ArchlineCapital]

Good question-- we actually didn't use Hard Money. We used a Construction Loan that was 1 year, interest only, ~4-5% APR, and then we refinanced with the same company. The benefit is that we did not have to pay points (1-3% up front) or have a high interest rates like Hard Money (10-12%), the drawback is that we had to do a standard 45 day close, but it wasn't a problem as the property was on the MLS. Hard Money is not a bad option if you have the right lender, contractor, and a clear timeline and ARV for refinance. Good lenders will help you make sure the deal works.

[@amberterry2090]

@ArchlineCapital thanks! But that was still a double close right? Trying to understand the cost difference on closing once vs twice

[@ArchlineCapital]

@@amberterry2090 Yes it was a double close. I wouldn't worry about the fees from closing once or twice-- the bigger issue is the financing in the interim, and the value you can add. If the fees from a 2nd close kill a deal, I wouldn't do the deal. You only do this when: 1. You can't get conventional financing up front because of the state of the property 2. You need to close quicker than conventional financing, less than 45 days

[@JevonMusicGroup]

Not the "backsplash" again. 🤣

[@sethjones6235]

Great story Dan. What part of Mo ya from?

[@thriftyminia]

3:53 “paint or get off the ladder” - Dave Ramsey

[@janitoronfire]

37:25 Lifestyles 😊

[@artwholesalers]

👍

[@myrlenecelestin392]

Great guess.

[@kmaligi]

Incredibly informative. What’s the name of the Real Estate Grouo you joined in Houston?