Updated over 7 years ago on . Most recent reply
First apartment purchase
Hi,
We're starting our search for our first apartment (6-24 units). So far we have a couple SFH and a 4plex in Colorado. One of the SFH has over a 100k in equity tied up in it so the plan is to 1031 exchange that into a larger property. Also we have additional money to put into the deal.
Has anyone else done this? Where did you start?
We have a great team for buying smaller properties but I don’t have a broker for commercial properties nor do we have a lender lined up yet for commercial properties. What is he best way to set up a team for this type of endeavor?
We have two markets in mind for this purchase, the front range in Colorado and also Dayton Ohio. We are familiar with both areas and comfortable investing there.
I’m currently reading multi family millionaires to learn a bit more. Any other book recommendations are also appreciated.
Overall just looking for some guidance on how to proceed forward.