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Updated almost 4 years ago on . Most recent reply

User Stats

124
Posts
50
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Michael Junior
  • Real Estate Agent
  • San Diego, CA
50
Votes |
124
Posts

10+ unit multi family

Michael Junior
  • Real Estate Agent
  • San Diego, CA
Posted

Ready to expand and grow. Started 2018 with buying a duplex. 2019 I bought a 3 and 4 unit side by side. 2020 I bought another triplex. This year I exited the 3 and 4 family and turned a wonderful profit. I learned a lot in the past three years.

1. I’m not good at managing property

2. I don’t want to manage property

3. I shouldn’t be managing my own properties

The last few months I have been struggling with what to do. I love looking at deals, running numbers and pursing the deal. I just don’t love the day to day!

At this point in my RE career I feel I’m ready to grow. Looking to purchase a 10-15 unit and start to scale. Implementing a management company and taking myself out of the day to day.

I have about $250k liquid and a partner with about 500k liquid.

If you were me, what areas would you be looking at to buy smaller apartment buildings as I am?

Fully ready to invest out of state ( I currently live in CT ) so open to all options!

Any insight helps. Thank you guys!!!

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