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Updated over 7 years ago on . Most recent reply

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31
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Daniel Koch
  • New York, NY
2
Votes |
31
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Multi-family 5+ units

Daniel Koch
  • New York, NY
Posted

Who currently is making the switch from 1-4 units to 5+ units. Is it harder? Did your finances change?  Let me know your thoughts.... 

I want to meet as many real estate entrepreneurs as possible! 

Most Popular Reply

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1,489
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Alex Deacon
  • Investor
  • Pittsburgh, PA
1,024
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1,489
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Alex Deacon
  • Investor
  • Pittsburgh, PA
Replied

@Daniel Koch we invest heavily in the Pittsburgh market. here we buy single family and 20 unit apartments and everything in between. If the deal makes sense and it fits our criteria then we move on it. We dont pigeon hole ourselves to one sector. With that being said to answer your question I think the hurdles will be in the financing. Other than a few different aspects of a large building verses a small duplex a deal is a deal. for sure make absolute you know the market and that the numbers will work. I would make sure your financing is in place and talk with a few good commercial lenders before starting your search. 

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