Rental Property Investor · Fort Wayne, IN · Member since 2016 · 258 posts · 177 votes
I am interested in investing in multi family apartment complex but do not know about the process so I decided to get educated in the field so that I can make the best use of my hard earned money . Searched a lot on internet and found everyone guaranteeing best results but any suggestions on really good gurus with actual results.Any recommendations please will save my time and hard earned money.
If you want to save money, it will come at the cost of your time. Start digging deeper on BP blogs from multifamily investors, listen to the podcasts, listen to an audiobook or two, take people within a couple hours of you to coffee and make connections, learn learn learn! One hour each day will go a tremendously long way, I can say that from personal experience.
If you want to save time, it will come at the cost of your money. Gurus may be the way to go, but the good ones are limited in number. I have no suggestions, nor a positive opinion of this route to speak of. Bear in mind that this route still costs you time to learn and time to implement, identical to the first route.
Depending on your feelings to the above routes, the final major route you can take is to invest in major REITs that invest in multifamily. This may be the safest and most effective way for you to go if your time and money are that limited.
If you want to save money, it will come at the cost of your time. Start digging deeper on BP blogs from multifamily investors, listen to the podcasts, listen to an audiobook or two, take people within a couple hours of you to coffee and make connections, learn learn learn! One hour each day will go a tremendously long way, I can say that from personal experience.
If you want to save time, it will come at the cost of your money. Gurus may be the way to go, but the good ones are limited in number. I have no suggestions, nor a positive opinion of this route to speak of. Bear in mind that this route still costs you time to learn and time to implement, identical to the first route.
Depending on your feelings to the above routes, the final major route you can take is to invest in major REITs that invest in multifamily. This may be the safest and most effective way for you to go if your time and money are that limited.
Rental Property Investor · Dallas, TX · Member since 2015 · 501 posts · 504 votes
9y
You seem to have posted the same question in two places, so here is a copied and pasted response:
There is more than enough information online for free to learn about the process. Even the high-priced gurus give you a basic introduction for free, or low cost.
Look into Brad Sumrok. He is based in Texas but has students all over the US. Many on this site are opposed to gurus, and I am going to try to avoid getting into that argument here, if I can. But it sounds like you are considering the guru route. If you're looking for a mentor, I think he is the best. He has a seminar here in Dallas in November, for not a lot of money. It's not a high-pressure sales pitch to join his mentoring program. It's basically two days of multi-family education with only a small amount of time selling his program. You'll have an opportunity to meet many successful students of the program who have already done deals. Even if you don't join, I think the weekend is a great use of your time.
Richland, WA · Member since 2016 · 7 posts · 2 votes
9y
I agree with Paul B. I went to Brad Sumrok's 2-day seminar last month, and it was exactly as I expected. I got to meet a lot of his successful students and networked with many like minded investors. The bus tour was a great way to see at firsthand how the property classes look like. Brad built a very impressive investor's ecosystem - I really believe it's the best out there.
There's a lot more... you just have to take a look and decide for yourself.