Updated about 8 years ago on . Most recent reply
Investing in multifamily!
Hey, guys, I wanted to get some input on investing in multifamily properties with hard money loans. Is it practical? I want to start, but I'm wondering what the cons would be moving forward in that arena. Anyone with experience that has done it before? Another option I've heard of is a being part of a syndication but I've run into the issue of having to be an accredited investor which at the moment I am working towards. My market is Austin, TX.
Most Popular Reply
Fernando,
Will this be your 1st investment property or do you have experience single-family prior to this? From my experience, I have seen that investors typically start off with SFR before jumping into a multi-family project. If you have your numbers lined up, investing in Multifamily should not be an issue with any hard-money lender.
If you are looking for recommendations for hard money lenders in the Austin Area or just need some advice moving forward, I'd be more than happy to help out!