Multifamily family location

[Darius Howell]

Hello BP family! I hope all is well everyone

I was looking for some advice on markets, submarkets, and class to start targeting. I'm in a small town about an hour of outside of Charlotte, NC. I'm in the early stages of getting started moving forward in apartment syndication. I'm currently working on completing my website. I'm really nervous about trying to raise money but that's just because of lack of experience. I have education and still learning but my reason for this post is to get some advice on where to look for apartment markets any knowledge will help.

[Greg Dickerson]

Hi Darius,

You are surrounded by great markets. Charlotte, Raleigh, Durham, Cary, Greensboro, Winston Salem, Asheville as well as Georgia and Tennessee but you can stay plenty busy focusing on NC for now.

I understand your fear of raising money. Everyone starts out that way. I see you flip houses. Are you using private funds for that business? If so apartments are the same thing only bigger.

The key is knowledge. You really need to know what you’re doing when it comes to multifamily investing especially if your using investors money. 

That fastest way to get started is to find a mentor or find a really good deal you can bring to an investor and partner up. You won’t get a huge piece of the deal but you will learn a ton. You could also raise money for someone’s deal and get started that way as well.