Breaking into MultiFamily

[Max Bradshaw]

I own 3 single-family homes in my local market (Salt Lake City, UT) and want to expand into multifamily to scale. That said, It's hard to make the numbers work here for a 4-10 plex. 

Looking for an out of network market to break into multifamily. Has anyone had success breaking into multifamily out of network? I've looked into Tample, FL Minneapolis - St. Paul & Memphis TN but wanted to get some input from others.

Any market I should take a look at? I have roughly $70K to put down 

[Michael Swan]

Hi @Max Bradshaw

For true Multifamily you need a lot more than $70,000.  I would suggest reading Multifamily Millions by David Lindahl.  That was instrumental for me as I transitioned from single family residential loan type products to 5 units or greater in one complex Commercial loan products.  Feel free to message me.  I love this stuff!!  I transitioned from 10 single family to where ai am now over 230 units.  It was a process and we are progressing to 1000 units into the next 12 months or so.

Lots of fake news out there.  Be careful!!

Swanny