Updated 2 days ago on . Most recent reply
How to get started in multifamily investing
As someone in their late 30's with a house and family I'm looking for advice on how to tactfully transition/start a multi family investing business. I work full time and am looking for advice on how to get started in a syndication business. Does it make sense to start with a 4 plex, with minimal investors or a larger property with more outside investment? What is the sweet spot for your first deal that will help build experience and generate some income? I should note working full time is required to live now, and ideally I would transition into my own business full time. Last point, my construction experience has me interested in value add deals.
Most Popular Reply
Hi Chris, for education on becoming a multifamily syndicator, check out Jake and Gino (yes that's the name of their company).
You might also consider co-sponsoring your first few deals, to get some deals under your belt without having to do all the heavy lifting yourself.
Alternatively, if you're just looking for strong returns and aren't married to the idea of starting a real estate syndication business, consider investing passively as a member of a larger community. I'm in a co-investing club that meets 1-2X a month to vet deals together, and we can each go in on any deal with $5K+.
Keep me posted!