Multifamily property's, is it for beginners???

[Josh Ledbetter]

I Love the idea of investing in multifamily properties, but is it for beginners or should I begin with house flipping or wholesaleing??

[Charles Seaman]

@Josh Ledbetter The choice is yours.  You can start with any of the strategies that you mentioned.  Your best bet is to figure out what your desired outcome is and then figure out which strategy will help you get that result.  Multifamily is the best long-term strategy, but wholesaling will have less risk and will put money in your pocket much faster.  Flipping is somewhere in between, as it carries significantly more risk than wholesaling (and more than multifamily in my opinion), but you'll likely see money faster than you will with multifamily and not as fast as you will with wholesaling.  So you need to ask yourself these questions to figure out the answer.

1.  What is your risk tolerance?

2.  How fast do you want to make money?

3.  What are your greatest strengths?  Each strategy requires different skills to succeed.