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Multi-Family and Apartment Investing

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Rick Birkenstock
  • Investor
  • Encinitas, CA
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Learning the ropes on 50+ unit deal

Rick Birkenstock
  • Investor
  • Encinitas, CA
Posted Jul 28 2017, 19:55

Hi All -

Landed here from YouTube earlier today; brand new BP member.

I've bought/sold SFR property before - both primary residences and rentals. From my past experiences, I know I really don't enjoy being a landlord (in fact, swore it off after the last nightmare tenant). Hence, one reason why I'm interested in larger apartment complex deals (e.g., use the economies of scale to pay a property mgmt firm).

I could probably scrape enough capital together to get a loan for a solo deal but I'd make a lot of mistakes along the way. I'd rather partner on a deal the first time or two.

Seeking input from others who've been in my shoes. Did you go the silent partner route, active partner, or fly solo? What would you different if you could start over?

Looking forward to learning and networking here!

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