What do you guys think is the best career to get into if I would like to be a multifamily real estate investor? I was thinking an appraiser or property manager. Something else?
Crane Missouri · Member since 2019 · 60 posts · 34 votes
7y
Either one can be beneficial, it's not a one and done job. You do not need to be a certified appraiser to see the value a home has or could have if updated, but the training will help. In the end I would recommend whatever you enjoy doing. Really sit down and determine what you want to do. If you think you might enjoy being a full time property manager try finding someone in your area who already is and interview them, shadow them and really get to know the job and see if that's something you want to do. Though to be honest you will more than likely become a jack of all trades when it comes to real estate with experience and time. Broker, real estate agent, appraiser, property manager, maintenance, legal, accountanting, construction, financing, communications. There are many different aspects that touch on real estate. Think of one that is Recession proof. Good luck.
Rental Property Investor · Baltimore, MD · Member since 2016 · 253 posts · 178 votes
7y
Hey - wouldn't necessarily say that you need to have some career in multifamily before buying or raising money for a deal. Many have done it though education and partnering with experience operators. Don't let that train of thought hinder you from getting into the multifamily space. Educate yourself and align with someone experience and it can be done.