Charlotte, NC · Member since 2018 · 124 posts · 83 votes
For those of you who invest in small multifamily properties, what are some of the mistakes you’ve made? What advice would you give a beginner interested in investing in small multifamily properties?
Real Estate Coach · Salt Lake City, UT · Member since 2017 · 273 posts · 414 votes
6y
Rule #1 Keep reserves and never run out of cash. There will be expenses that aren't covered with the monthly cash flow and there will be vacancies. Make sure you can weather a long storm.
Rule #2 Do your due diligence - both physical and financial. Make sure you will actually cash flow after the bills are paid... I had one SFR that did not cash flow and it was quite a drag...