As a real estate author, investor, podcaster, and BiggerPockets blogger, I\u2019m constantly asked about the best path into multifamily investing. In this short article, I\u2019m going to briefly outline five paths to multifamily mastery.<\/p>\n
Many of us who\u2019ve been flipping houses have come to realize that flipping is transactional. It’s not necessarily a way to build and grow long-term wealth. I’ve made a lot of money flipping houses. And while it was great income, I had to take other steps to translate that to the creation of real wealth.<\/p>\n
If you\u2019ve gone down the perilous path of owning and managing a slew of single family rentals, you know what a hassle that can be. Most who do this sell their portfolios in frustration. I can\u2019t recall many individual owner\/landlords who were able to keep this up for decades \u2014 no matter how sincere their plans.<\/p>\n
Many flippers and single-family landlords have left these paths to try and figure out how to enter the large scale multifamily world.\u00a0Where the sun never sets and everything is rainbows and butterflies<\/em>.<\/p>\n Well, not exactly. But multifamily is<\/em> a great place to acquire and build multi-generational wealth.<\/p>\n The current popularity of multifamily has made it challenging to get into. Like I said, I\u2019m regularly asked how to enter this arena.<\/p>\n