Switching from SF to Multi Family any suggestions?

[Christopher Jackson]

I've done single Family homes for 10+ yrs now I want to do multi Family homes. Any suggestions?

[Andrew Hogan]

Hey Chris, 

unfortunately, single-family experience doesn't transition 100% efficiently over to MF. However, I'm sure that it will be easier for you with all the experience under your belt. There are a few different ways to go.

You could:

• Learn to underwrite deals yourself, start out small (2-4 unit), and go larger. 
• Transfer equity from SFR to larger assets. (Not always necessary to do a 1031)
• Find a general partner and learn about the deals they invest in as one of their LP's

Regardless of the route you choose, keep on educating yourself and it will save you lot's of headache in the long-run.

Good luck!