From Duplexes to Large Multi Family
Hi Fellow BP'ers,
Was hoping to get some advice on how people have had success in making the jump from owning 2,3,and 4 family properties to the 6-50 unit multi family buildings. It seems as though most people (me included) have found success buying the smaller unit type properties but have trouble getting to the big show. How do you go about sourcing these larger deals? How does your underwriting assumptions progress? How do your management and software systems need to scale? A lot of the great advice and conversation on the forums seems to be focused around the first deal or multiple deals but still in the smaller unit count, would love to learn and hear more about how people have had success scaling up to larger properties.
Any and all feedback would be appreciated.
Cheers,
ZF