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Podcast: BiggerPockets Daily
Episode: What I Learned From My First Investment Property by Samantha Hawrylack
Description: My first investment property was a C/D-class multifamily in Houston. I selected it primarily based on perceived cash flow. According to my calculations, the return on investment (ROI) was between 12% and 14%. And with a multifamily, even if one unit is vacant, I still have cash coming in. How could I lose?And then I got hit in the face (wallet) with reality:It was an older building, and maintenance was continual and expensive. Plus, the tenants and others almost continuously vandalized the property.Rent delinquencies and evictions were frequent, and t...