Transition from SFR to Multi Family 10-20 units

[Kody Smith]

I am New-ish to Bigger Pockets, and would love to connect with the community here.

The idea: move from single family homes into commercial real estate... specifically multi family.

The Goal: generate $20k/mo in cash flow

I'm currently in silicon valley (san jose)... would love to find something profitable here, but it looks like there are better opportunities elsewhere.

I am open to investing in markets across the US. Particularly I was looking at North Carolina, Georgia, and Florida... 

- what markets would you enter today?

- should i connect with a broker to find deals?

[Pat Lulewicz]

How much SHF RE do you currently have? What's your equity position? How much does the current portfolio generate? Do you have additional capital to add?

Lastly - why?

There's definitely a lot of merit to transition over especially when you're at the size/scale you currently appear to be. However some of the "easy parts" of residential change like financing and the term of the note. NC is a great market for your goals, however it will be challenging to find inventory that has much cash flow; many people who toss money into multifamily here do it to avoid the tax bill + take the 10 year runway of growth.