Investor · Cedar Park, TX · Member since 2014 · 317 posts · 74 votes
Hello,
I have been investing in SFR fix and flips, new construction and wholesaling and well as purchasing NPN's. I really want to get into multi family investing like apartment buildings but I don't know how to get started or what I am doing. Can anyone suggest a good resource(s) for learning this?
3. Evaluate MF Properties - Constantly look at MF properties in your area and evaluate the MF properties. The key is to identify what makes a good deal vs. a bad one. Gaining a sound understanding of the financial concepts will help you in this area.
4. Network: Network with the following individuals
Commercial Brokers -
Property management companies
Multi-Family Investors in your area. Use the BiggerPockets meet section to seek investors in your area
Mortgage Brokers specializing in MF properties. Understand the Financing options
5. Take Action - Place offers on MF properties
In regards to tips for finding Multi-family properties:
1. Reach out to Realtors in your farming area and set-up different searches for MF properties that match your criteria.
2. Property Management companies - seek out a few property management companies/property managers in your farming area and inquire about properties or landlords wanting to off-load MF properties.
3. Network - with fellow investors, property managers, Realtors, wholesalers etc and let them know you are looking for MF property to acquire.
4. Auction - Periodically look at auction websites such as johndixon/hudson marshall as they have MF properties for Auction. You don't need to pay all cash in most instances as you can finance and close these properties in 30 days.
5. Commercial Site: Check out sites like LoopNet/cityfeet for MF Properties.
6. Commercial Broker sites- Check out commercial broker sites like BullRealty and individual broker sites as they sometimes list smaller MF properties could be duplex, triplex etc.
7. Craigslist - You can find some MF properties on Craigslist. However, I have never had luck with this approach.
8. Marketing - Send letters to MF property owners.
Contractor · Temple, TX · Member since 2014 · 379 posts · 164 votes
10y
Since you are a pro member you have the ability to watch the webinar Brandon Turner did on investing in Apartment Complexes. Go to https://www.biggerpockets.com/proreplay and scroll down to that webinar. It's a good starting place for info.
3. Evaluate MF Properties - Constantly look at MF properties in your area and evaluate the MF properties. The key is to identify what makes a good deal vs. a bad one. Gaining a sound understanding of the financial concepts will help you in this area.
4. Network: Network with the following individuals
Commercial Brokers -
Property management companies
Multi-Family Investors in your area. Use the BiggerPockets meet section to seek investors in your area
Mortgage Brokers specializing in MF properties. Understand the Financing options
5. Take Action - Place offers on MF properties
In regards to tips for finding Multi-family properties:
1. Reach out to Realtors in your farming area and set-up different searches for MF properties that match your criteria.
2. Property Management companies - seek out a few property management companies/property managers in your farming area and inquire about properties or landlords wanting to off-load MF properties.
3. Network - with fellow investors, property managers, Realtors, wholesalers etc and let them know you are looking for MF property to acquire.
4. Auction - Periodically look at auction websites such as johndixon/hudson marshall as they have MF properties for Auction. You don't need to pay all cash in most instances as you can finance and close these properties in 30 days.
5. Commercial Site: Check out sites like LoopNet/cityfeet for MF Properties.
6. Commercial Broker sites- Check out commercial broker sites like BullRealty and individual broker sites as they sometimes list smaller MF properties could be duplex, triplex etc.
7. Craigslist - You can find some MF properties on Craigslist. However, I have never had luck with this approach.
8. Marketing - Send letters to MF property owners.
Investor · Cincinnati, OH · Member since 2013 · 2k+ posts · 1k+ votes
10y
@Shawn C.the first thing I'd do is read the book The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges. I really enjoyed that book and got a ton of value from it.
Rental Property Investor · Dallas, TX · Member since 2015 · 243 posts · 70 votes
10y
I live in Ca. and invest in Texas, so have made connections with other MF investors, owners of rehab/construction companies, property managers and real estate agents who identify properties that meet my criteria. Recommended books include The Millionaire Real Estate Investor by Gary Keller and How To Take An Apartment Building From Money Pit to Money Maker by Craig Haskell.
Killeen, TX · Member since 2015 · 32 posts · 1 vote
10y
Hi Kathy,
I am Anthony and i live in Killeen, TX. I prinarily focus on wholesaling and finding commercial properties for my buyers. Let me know if i can be of assistance.
Rental Property Investor · Myrtle Beach, SC · Member since 2015 · 10 posts · 1 vote
10y
Hello everyone. I have absolutely no experience in realestate investing, but i am now wanting to get into investing in multi-family units (small apartment rentals). Is this a good starting point for a beginner?