Education for large apartment complex investing
Hey guys. I live in Philly and have never invested in RE before.
I have been listening to BP podcast for about 8 months almost every weekday to work(45 min).
I feel that I have enough fundamental knowledge about RE investing.
I have a business that gives me very good income with which I can afford to invest around $200k every year and can do $300k as initial investment.
After listening and reading about different asset classes, I think I am specifically interested in:
1. Large apartment complexes with 20+ units
2. Self storage facilities
What resources do you recommend for me to familiarize myself with major aspects of those two investment types? I want to educate myself deeply over next 6 months so I am ready to invest wisely when the downturn arrives.
Thank you!
Most Popular Reply
Hey Kushal, congrats on successfully triggering every syndicator's keyword search! lol
Know that while Self Storage can seem attractive, it is a LOT more price-sensitive to inventory. For example, if somebody builds a brand new storage a few miles away, your rent increases will equal a greater vacancy than they normally would for large multifamily.
As far as large apartment education. There are plenty of courses nowadays. But before paying a great first step to educating yourself is to learn by evaluating deals. Look at 50 to 100 offerings before you participate in one and you'll have developed a fingertip "feel" for what a good deal looks like. We are currently underwriting 200+ deals before finding the right one that hits all our criteria.
Happy hunting!!