Multi family investing

[John Vela]

I am interested in getting into apartment investing, I'm a newbie, my credit is toast, so I will need a loan, what is the best strategy or idea do you think I should use? And how do I find them, I live in the Seattle area. Please, any help will be greatly appreciated.

[Michael Haas]

Hey @John Vela - often times it helps to start with your strengths, build them up to the fullest, and then find partners to fill in your weaknesses. 

Sounds like you don't have experience, and don't have the ability to tap into standard bank financing if your credit is toast. Are you planning on hounding for off market deals, providing management, or providing capital?

PS: Our strategy, and the strategy of many investors I know in this area, is to hit their 5-10 property limit in Single family and small (1-4 unit) multifamily conventional loans, then move into commercial and apartment complexes. Do you have any experience in single family or small multifamily investing? Of course there are a million different routes to success, but you may find things easier if you follow a more traditional progression, rather than "skipping" to apartment complexes.