Intro to apartment complex investing
If you had to restart your apartment investing career and you were a young eager lad trying to get in the game. What would be your first step to taking action?
Please roast me if you think I’m way off(I’m the young eager lad)
-Talk to people who own and invest in apartments
(I.e. phone call, take them to dinner, meet on bp)
-find a market to start looking in
-decide wether or not if I want or need a partner
- find a commercial agent
-decide my price range and asset class
-Narrow down what I’m looking for
How many units
Repairs
Cap x and if I can lower the costs
Possible forced appreciation.
What am I missing, my hardest thing is have no credibility. I own 1 4 plex, but that doesn’t even put me in the big dog ball park. I have money to invest, but why would someone think I’m a good partner.
Better question, what can I do to become the best partner out there for a apartment complex investor.