22 with 200k liquid looking to get my first property

Anchorage, Alaska
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22 with 200k liquid looking to get my first property

Ardian Selimi
Member since 2018 · 14 posts · 9 votes

hello everyone, i am 22 and the past several years i solely invested in the stock market which i have grown to a portfolio of 275k but i have always listened and been learning about real estate. i am now wanting to pivot to diversify and get my first property. thing is im stuck and having a hard time trying to decide what to do. I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) 

My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more.

i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.

but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses

(side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future) 

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Tanner Lewis
Lender · Austin, TX · Member since 2021 · 447 posts · 441 votes
2y

Hey Ardian, if you are looking to do ground-up construction, I assume your father will be bringing relevant experience to the table. Most hard money lenders will require that one of the partners have ownership in a ground-up construction deal in the past five years or so. 

The tiny cabin STRs would also be a challenge to finance. Ground-up financing in rural (I assume since they are "cabins") is often pretty difficult, but there are loan products available. When you head into the project, make sure you talk with a lender who can do STR financing on rural deals and make sure what you are building will be eligible for refinancing before breaking ground. I see too many niche STR investors looking to build abnormal property types in rural markets and they have an impossible time refinancing out of the deal.

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  • Jaron WallingPro Member
    Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes
    2y

    @Ardian Selimi "this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week" - What do you do for a living? 

    Everything in your first paragraph is logical and industrious, but almost everything after is RE jargon. Saving $200k is no easy task. Slow down and embrace being 22 y/o!... You have plenty of time to LEARN about REI and to let opportunities come your way. No offense to your dad but how much does he know about REI, new construction, partnerships, and running the numbers? 11% estimated ROI on the first deal (in this market) is fantastic. Appraisals don't just come in $100k higher. Don't be fooled by flashy numbers unless you know how it's calculated.

    Do you own your own home? A lot of things you describe sound better than real life. Don't get caught up in that trap. Understand the market and do your own research. If you don't you're going to loose money. Find/buy/create some basic RE opportunities that are less risky and then level up partnerships, new construction, and land deals. 

    2Reply
  • Ardian Selimi
    OP
    Member since 2018 · 14 posts · 9 votes
    2y

    @Jaron Walling Hi, i have been working at my families local restaurant since i was a kid. it pretty much doesnt operate smoothly without us being there but it is getting tiring and my parents who have been working these hours much longer than i (they are immigrants from albania hence why i also bust my ***) dont want to continue doing this forever. i also do some FB market flips and have an online store. i just hustle to do whats needed. i have low expenses so this has allowed me to save alot for investments. 

    My dad has 3 LT rental properties (one which has a huge unfinished basement and a huge old greenhouse attached that i can build 3-6units or so). he has a beginners lvl knowledge i would say of RE. but he likes new construction bc theyre brand new and will have less headache. and yes i understand it was a bunch of RE jargon haha apologies. as you can definitely tell i am just unsure of what my next step should be and im a little scared if im being honest. i dont want to make a bad decision. 

    no i dont own my own home, i live with my famly currently. which part sounds better than real life? also the agent who said the 4plex appraised for mid 800s he was actually helping a friend of mine find his and his wifes first home. it is a big new subdivision thats being created and has risen prices in that area. so im not sure if it was a flashy number

    thank you for your response i appreciate your help

    2Reply
  • Ardian Selimi
    OP
    Member since 2018 · 14 posts · 9 votes
    2y
    Quote from @Jaron Walling:

    @Ardian Selimi "this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week" - What do you do for a living? 

    Everything in your first paragraph is logical and industrious, but almost everything after is RE jargon. Saving $200k is no easy task. Slow down and embrace being 22 y/o!... You have plenty of time to LEARN about REI and to let opportunities come your way. No offense to your dad but how much does he know about REI, new construction, partnerships, and running the numbers? 11% estimated ROI on the first deal (in this market) is fantastic. Appraisals don't just come in $100k higher. Don't be fooled by flashy numbers unless you know how it's calculated.

    Do you own your own home? A lot of things you describe sound better than real life. Don't get caught up in that trap. Understand the market and do your own research. If you don't you're going to loose money. Find/buy/create some basic RE opportunities that are less risky and then level up partnerships, new construction, and land deals. 


    the rental properties btw are 3SFH that my dad now has as rentals. also i can send you the link for the new construction 4plex if you’d like to see and give me your insight.

    1Reply
  • Jaron WallingPro Member
    Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes
    2y
    Quote from @Ardian Selimi:
    Quote from @Jaron Walling:

    @Ardian Selimi "this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week" - What do you do for a living? 

    Everything in your first paragraph is logical and industrious, but almost everything after is RE jargon. Saving $200k is no easy task. Slow down and embrace being 22 y/o!... You have plenty of time to LEARN about REI and to let opportunities come your way. No offense to your dad but how much does he know about REI, new construction, partnerships, and running the numbers? 11% estimated ROI on the first deal (in this market) is fantastic. Appraisals don't just come in $100k higher. Don't be fooled by flashy numbers unless you know how it's calculated.

    Do you own your own home? A lot of things you describe sound better than real life. Don't get caught up in that trap. Understand the market and do your own research. If you don't you're going to loose money. Find/buy/create some basic RE opportunities that are less risky and then level up partnerships, new construction, and land deals. 


    the rental properties btw are 3SFH that my dad now has as rentals. also i can send you the link for the new construction 4plex if you’d like to see and give me your insight.


     If your parents already own and operate rentals why not continue that, buy more, and grow those skills?? I wouldn't want to work those hours forever either, but in my opinion new construction looks like a golden ticket. It's pretty and temping but not the best strategy to pursue.  

    1Reply
  • Jonathan PfluegerPro Member
    Ben Lomond, CA · Member since 2016 · 338 posts · 337 votes
    2y

     @Ardian Selimi

    New construction is not a newbies game. Also, it it is very hard to make it scale - especially, given the 8 year, $100k cash flow timeline that you have.

    Your number one problem getting to your goal is going to be cash. You only have so much cash to put down in the form of down payments and renovation costs. Every dollar you leave in a deal is one less dollar you have for the next deal.

    How do you solve this problem? Well the BRRRR strategy is the way to go. This strategy is over preached for a reason - it works. I have personally done this over and over again and every time I have been able to refinance all of my money (down payment and renovation costs) out of the deal while maintaining true positive cash flow. This has allowed me to scale much quicker, in fact, since I started this about 8 years ago my available cash to invest has exponentially grown (think 10x) given the appreciating rents and equity that has occurred.

    Alaska is a unique market I am sure. But so is where I am. There are deals out there and they are waiting to be found by someone like you. Are they are most likely not on the MLS. But they are out there. You need to become a deal junkie. This life revolves all around the deal. Who cares how much money you have if you can't find any deals. Find out how to find the deals I mentioned. You are already a head worker, you can't work in a restaurant all day and not be. So take some of that hard work and niche out figuring out a way to find deals off market that will get you to your goal.

    A couple of ways you could get started are cold calling, sending postcards, driving for dollars, and just getting out and talking to people when you see a home that looks like it could be a deal.

    Bottom line, the only person between you and your goals is you.

    2Reply
  • Caleb Brown
    Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
    2y

    Of the money how much was from the online store/FB flips? 

    0Reply
  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    2y

    $200,000 at 22 is a really good place to be quite frankly. 

    Podcast Guest on Show #121
    4Reply
  • Jaron WallingPro Member
    Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes
    2y
    Quote from @Andrew Syrios:

    $200,000 at 22 is a really good place to be quite frankly. 

     That was my initial thought. Like hello... just find/buy/create another rental opportunity. He could even partner with the dad on the deal. 

    They don't need new construction to make that happen.  

    1Reply
  • Ardian Selimi
    OP
    Member since 2018 · 14 posts · 9 votes
    2y
    Quote from @Jaron Walling:
    Quote from @Ardian Selimi:
    Quote from @Jaron Walling:

    @Ardian Selimi "this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week" - What do you do for a living? 

    Everything in your first paragraph is logical and industrious, but almost everything after is RE jargon. Saving $200k is no easy task. Slow down and embrace being 22 y/o!... You have plenty of time to LEARN about REI and to let opportunities come your way. No offense to your dad but how much does he know about REI, new construction, partnerships, and running the numbers? 11% estimated ROI on the first deal (in this market) is fantastic. Appraisals don't just come in $100k higher. Don't be fooled by flashy numbers unless you know how it's calculated.

    Do you own your own home? A lot of things you describe sound better than real life. Don't get caught up in that trap. Understand the market and do your own research. If you don't you're going to loose money. Find/buy/create some basic RE opportunities that are less risky and then level up partnerships, new construction, and land deals. 


    the rental properties btw are 3SFH that my dad now has as rentals. also i can send you the link for the new construction 4plex if you’d like to see and give me your insight.


     If your parents already own and operate rentals why not continue that, buy more, and grow those skills?? I wouldn't want to work those hours forever either, but in my opinion new construction looks like a golden ticket. It's pretty and temping but not the best strategy to pursue.  


    Well it is just previous SFH we used to live in turned into rentals, my parents knowledge in RE isn't as good as say our knowledge in the restaurant or business industry. but i get what you're saying which is why we are trying to pivot whilst we have the nice cash from our business coming in to help fund our deals.The thing with the New Construction is it will take a lot of my powder but i can save it again pretty fast considering the very frugal life i live and the amount i work. but crazy to say some of the time atleast right now in my area new construct is better deal than existing buildings. its crazy ik but its true

    0Reply
  • Ardian Selimi
    OP
    Member since 2018 · 14 posts · 9 votes
    2y
    Quote from @Caleb Brown:

    Of the money how much was from the online store/FB flips? 

    Very little from FB flips maybe 3000, it’s more for fun here and there. recently started the online store. anyways probs not worth having even mentioned those two considering as of now both very little compared to 97% from work. i work a lot my friends say im a workaholic lol. i’m just trying to elevate my family’s life. by elevate i mean get us out of working so much and actually have more time to enjoy the fruits of our labor

    0Reply
  • Ardian Selimi
    OP
    Member since 2018 · 14 posts · 9 votes
    2y
    Quote from @Andrew Syrios:

    $200,000 at 22 is a really good place to be quite frankly. 


    thank you, it has required an immense amount of hard work and sacrifices but it’s been worth it. 

    1Reply
  • Ardian Selimi
    OP
    Member since 2018 · 14 posts · 9 votes
    2y
    Quote from @Jonathan Pflueger:

     @Ardian Selimi

    New construction is not a newbies game. Also, it it is very hard to make it scale - especially, given the 8 year, $100k cash flow timeline that you have.

    Your number one problem getting to your goal is going to be cash. You only have so much cash to put down in the form of down payments and renovation costs. Every dollar you leave in a deal is one less dollar you have for the next deal.

    How do you solve this problem? Well the BRRRR strategy is the way to go. This strategy is over preached for a reason - it works. I have personally done this over and over again and every time I have been able to refinance all of my money (down payment and renovation costs) out of the deal while maintaining true positive cash flow. This has allowed me to scale much quicker, in fact, since I started this about 8 years ago my available cash to invest has exponentially grown (think 10x) given the appreciating rents and equity that has occurred.

    Alaska is a unique market I am sure. But so is where I am. There are deals out there and they are waiting to be found by someone like you. Are they are most likely not on the MLS. But they are out there. You need to become a deal junkie. This life revolves all around the deal. Who cares how much money you have if you can't find any deals. Find out how to find the deals I mentioned. You are already a head worker, you can't work in a restaurant all day and not be. So take some of that hard work and niche out figuring out a way to find deals off market that will get you to your goal.

    A couple of ways you could get started are cold calling, sending postcards, driving for dollars, and just getting out and talking to people when you see a home that looks like it could be a deal.

    Bottom line, the only person between you and your goals is you.


     This new construct there is a listing and it is pending to build until they find the right buyer so everything is pretty much lined up for me i just have to go in and buy. and crazy to say but some of the time atleast right now new construct is cheaper than existing buys. 

    i am thinking to just rip the bandaid off with this first deal and go from there. 100k a month is definitely my goal and i will figure out a way to get there which definitely wont be from new construction everytime. i can save money fast considering the frugal life i live and amount i work. 

    i am currently spending a lot of time trying to find beaten up buildings whether that’s me driving around or on mls, but alaska high cost of labor makes it hard to pencil out any BRRRRs but it definitely is the best way of this game so i will continue trying to find something 

    1Reply
  • Sandra Morrison
    Investor · Cincinnati/Fort Thomas, KY · Member since 2015 · 206 posts · 183 votes
    2y

    @Ardian Selimi

    You said Alaska high cost of labor makes it hard to pencil out on existing homes but I think that would apply to the new builds also.

    For personal residences, I have rehabbed a house hack and buy two homes and the builds came out unpredictable even though the first home’s national production builder and the second home’s local custom builder both had plenty of experience with cost and labor estimates.

    For my RE investments, I went with where I could have a a good chance with building a team/knowledge/mentoring/experience.

    I grew up in a house hack, started with a house hack and then started with student rentals and then out of state airbnbs. I think STRs are a lot of work compared to my LTRs and I am in a position where I have management for all of my RE investments and they are still some work.;-)

    I would pick the strategy where you have the best chance at having mentor/team/knowledge/experience and closer to turn key. Buying existing LTR or STR with proven income that may just need an update or a value add (add more units, add more bathrooms, beds rooms, etc.) and your next one you can try a riskier property that has less proven income. You don't want to have such a bad experience with your first experience that you never invest in real estate again.

    Also join your local chapter of Real Estate Investors Association. The Cincinnati and Columbus ones meet completely online if you can’t find a super active one in your area. You need to network with investors to get your team/mentor/knowledge/ and contractor recommendations.

    Good luck and give us updates!

    2Reply
  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    2y
    Quote from @Ardian Selimi:

    hello everyone, i am 22 and the past several years i solely invested in the stock market which i have grown to a portfolio of 275k but i have always listened and been learning about real estate. i am now wanting to pivot to diversify and get my first property. thing is im stuck and having a hard time trying to decide what to do. I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) 

    My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more.

    i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.

    but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses

    (side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future) 


     I think you need to focus on one strategy and commit to it. You will make several mistakes starting out and will only be worth it if you then continue to refine and master that specific strategy. If you get the shiny object syndrome and keep doing a ton of different strategies then you'll never master any one. 

    [email protected]614-363-2787
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    3Reply
  • Jaron WallingPro Member
    Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes
    2y

    Agree with @Marc Rice. At a novice level many eggs in one basket is not a bad thing. I did that when I bought my first SFH. I was house-hacking and remodeling it at the same time. It was the lowest barrier of entry. I was broke for 7 months until I refinanced.

    If you can't manage a rental or tackle a basic remodel there's a strong chance of failure jumping into complex strategies. At the least buy something and start house hacking. Lots of first time buyers are taking this approach due to rising prices and stagnate income growth. 

    2Reply
  • Tanner Lewis
    Lender · Austin, TX · Member since 2021 · 447 posts · 441 votes
    2y

    Hey Ardian, if you are looking to do ground-up construction, I assume your father will be bringing relevant experience to the table. Most hard money lenders will require that one of the partners have ownership in a ground-up construction deal in the past five years or so. 

    The tiny cabin STRs would also be a challenge to finance. Ground-up financing in rural (I assume since they are "cabins") is often pretty difficult, but there are loan products available. When you head into the project, make sure you talk with a lender who can do STR financing on rural deals and make sure what you are building will be eligible for refinancing before breaking ground. I see too many niche STR investors looking to build abnormal property types in rural markets and they have an impossible time refinancing out of the deal.

    8Reply
  • Ardian Selimi
    OP
    Member since 2018 · 14 posts · 9 votes
    2y

    @Marc Rice @Jaron Walling yeah i agree with you guys and my parents have told me same too, as you can see im ambitious and want to do it all, but yeah i will hone in on one strategy and go from there and slowly diversify into the other strategies as time progresses. this is a long game i want to master and thankfully im still young.  

    1Reply
  • Ardian Selimi
    OP
    Member since 2018 · 14 posts · 9 votes
    2y

    @Tanner Lewis the new build 4plex is already prepped to be built the builder is just waiting for a buyer before they start the project. so i wont have to go to a hard money lender. how its going to work is 10% of the total cost so 77500 i will have to upfront deposit to the builder. the builder will then go to get a construction loan and start the project. after 6months if i back out of the deal the builder will keep the deposit, if i continue then that deposit will count towards my down payment. 

    and the cabins i am thinking to maybe build myself with a blueprint/kit or have a local builder help me with them. i dont want to do anything crazy just a simple but aesthetic cabin. but yeah will require examining the land and getting permits and all that.

    0Reply
  • Mordy Chaimovitz
    Investor · Chicago · Member since 2022 · 128 posts · 85 votes
    2y

    Wait 3-6 months. Prices are still dropping and you will be well positioned to pick up a property all cash to BRRRR

    1Reply
  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    2y
    Quote from @Ardian Selimi:
    Quote from @Andrew Syrios:

    $200,000 at 22 is a really good place to be quite frankly. 


    thank you, it has required an immense amount of hard work and sacrifices but it’s been worth it. 


     That hard work will pay off in the end (in fact, it will pay off now, you don't have to wait until "the end")

    Podcast Guest on Show #121
    3Reply
  • Tanner Lewis
    Lender · Austin, TX · Member since 2021 · 447 posts · 441 votes
    2y
    Quote from @Ardian Selimi:

    @Tanner Lewis the new build 4plex is already prepped to be built the builder is just waiting for a buyer before they start the project. so i wont have to go to a hard money lender. how its going to work is 10% of the total cost so 77500 i will have to upfront deposit to the builder. the builder will then go to get a construction loan and start the project. after 6months if i back out of the deal the builder will keep the deposit, if i continue then that deposit will count towards my down payment. 

    and the cabins i am thinking to maybe build myself with a blueprint/kit or have a local builder help me with them. i dont want to do anything crazy just a simple but aesthetic cabin. but yeah will require examining the land and getting permits and all that.

     @Ardian Selimi are you looking to leverage on the cabins down the road? 

    0Reply
  • Chris S.Business Member
    Property Manager · Anchorage, AK · Member since 2017 · 175 posts · 160 votes
    2y

    Are these the 4plexes off of Turpin? Shoot me a DM if you want to chat a bit. I invest in Anchorage, have lots of friends who invest in Anchorage, and run a property management company here. I feel like I can give you some good insight.

    0Reply
  • Ardian Selimi
    OP
    Member since 2018 · 14 posts · 9 votes
    2y
    Quote from @Tanner Lewis:
    Quote from @Ardian Selimi:

    @Tanner Lewis the new build 4plex is already prepped to be built the builder is just waiting for a buyer before they start the project. so i wont have to go to a hard money lender. how its going to work is 10% of the total cost so 77500 i will have to upfront deposit to the builder. the builder will then go to get a construction loan and start the project. after 6months if i back out of the deal the builder will keep the deposit, if i continue then that deposit will count towards my down payment. 

    and the cabins i am thinking to maybe build myself with a blueprint/kit or have a local builder help me with them. i dont want to do anything crazy just a simple but aesthetic cabin. but yeah will require examining the land and getting permits and all that.

     @Ardian Selimi are you looking to leverage on the cabins down the road? 

    as in get a HELOC on them?

    0Reply
  • Tanner Lewis
    Lender · Austin, TX · Member since 2021 · 447 posts · 441 votes
    2y
    Quote from @Ardian Selimi:
    Quote from @Tanner Lewis:
    Quote from @Ardian Selimi:

    @Tanner Lewis the new build 4plex is already prepped to be built the builder is just waiting for a buyer before they start the project. so i wont have to go to a hard money lender. how its going to work is 10% of the total cost so 77500 i will have to upfront deposit to the builder. the builder will then go to get a construction loan and start the project. after 6months if i back out of the deal the builder will keep the deposit, if i continue then that deposit will count towards my down payment. 

    and the cabins i am thinking to maybe build myself with a blueprint/kit or have a local builder help me with them. i dont want to do anything crazy just a simple but aesthetic cabin. but yeah will require examining the land and getting permits and all that.

     @Ardian Selimi are you looking to leverage on the cabins down the road? 

    as in get a HELOC on them?


     As in a heloc, or cash out refinance, or any sort of financing

    0Reply
  • Salvatore Lentini
    Rental Property Investor · Doylestown, PA · Member since 2008 · 1k+ posts · 1k+ votes
    2y

    @Ardian Selimi - others may disagree but I think ground up construction for your first deal is taking on an unnecessary amount of risk.  Is the $775K inclusive of the closing costs, transfer tax, land, architectural drawings, engineering drawings, township approvals, legal fees, holding costs (during construction), realtor fees?  Could end up being much more than that.  Will also take longer than you project which will increase your holding costs.  Being all over the place in the beginning is common.  Pick one thing and go with it.  Depending on your experience and what you end up learning will help guide you moving forward.  You may completely change your mind after your first deal.  I thought I was going to own a few dozen single family properties before moving on to multi but after 3 I bought a 14 unit and have never looked back going bigger and bigger on every deal.

    0Reply
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