Updated almost 15 years ago on . Most recent reply
Getting into rentals and apartments
Hey there everyone,
I'm new to real estate investing having not owned a home yet myself. I have 700+ credit, decent income, and 10k which is constantly increasing.
How would you go about getting into apartment investments?
Options I see:
1. Save more money
2. Cheap sfh (rehab)
3. Small owner occupied 2+ rental (rehab)
LT goal is bigger apartment complexes. Please add your thoughts and experiences!
Most Popular Reply
Definitely start small, with what is called "horizontal investing" - several multi-family buildings, up to 4 units. Easier to manage and maintain.
Once you got some experience as a landlord and learned the ropes :), than you can trade to a bigger apartment building (1031 Exchange is a good way) if you want to.
I personally prefer horizontal investing and I have done quite well with that and I know people who have retired on the income alone after a few years.
It is a matter of organization and starting small.