Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

72
Posts
11
Votes
Israel R.
  • Livermore, CA
11
Votes |
72
Posts

Looking to grow from SFR to MFR

Israel R.
  • Livermore, CA
Posted

Hi there,

I have just purchased my second SFR in Indy and now looking to add a MFR to my portfolio. I am in the process of learning as much as I can on MFR since it is different than purchasing a SFR. The markets I am looking at are Kansas City, MO and St. Louis, MO. I am thinking of selling one my properties in California that has 200k in equity in order to to a 1031 exchange and purchase a MFR. Preferable a 12+ unit Multi-Family Residence.

Does anyone have experience doing this? Also, does this strategy sounds reasonable in today's market?

I am hesitant to pull the trigger since this takes a good deal in today's competitive marker and the time process that needs to take place using a 1031 exchange.

I open to other markets if the numbers look good.

Thanks in advance!

Loading replies...