Hi everyone! So I am entering my senior year of college, and running a small bookkeeping business. Is there any way I can get into the apartment buying business? I know the odds are stacked against me, but I am not one to back down from a challenge. Any help would be greatly appreciated! Thank you!
@Jackson Roberts absolutely. First step is to thoroughly educate yourself on the space. You can also get a job working for a Multifamily company but you need some skills to offer like bookkeeping and analysis.
I think a great way for you to start your journey today is to be a rental agent so you can learn about the rental experience from the sales side or work for a PM company to understand renovations and management. During that time you can gain steady income - good for when you need lending - and learn what the landlord experience is like, what to do, what not to do, and what areas are good to focus in.
So many different ways. Get educated is a must and that takes time. Since you're in Dallas the mecca of apartment investing attend the many local meetups. Since you're doing books, maybe learn how to underwrite deals and offer that as a service.
@Jackson Roberts Yes you can get into the apartment buying business. The best thing about this game, it's a team sport. Link up with other syndicators to see what value you can bring to them to get your feet in the door. It's all about networking and building relationships. As this is a relationship driven business
You absolutely can. It's very common to partner with a few people when buying multifamily units. Start networking locally and going to real estate meetings in your area. Build that reputation.