Updated almost 4 years ago on . Most recent reply
Investor seeking guidance on entering multi-family housing market
I have been investing in real estate for the past few years. I have a small portfolio of properties made up of condos and a 5 unit mobile home park. I want to continue to grow my assets and feel that my next step is to look a larger 15-20 unit multi-family property. Before I make this move I would like to find a mentor and learn from their knowledge, experience and wisdom; especially about private money lenders. I have read books about PML's and understand the concept, but would like a voice of reason to have as a sounding board. I would appreciate the groups thoughts. As a side note, I am located in the Winston Salem NC market and I believe there are some great deals to be had in this area once I have a better understanding of what I am seeking to accomplish. I would be happy to chat further and perhaps find a mentor if anyone is interested.
Most Popular Reply
David - I am currently targeting 10-40 unit buildings and working with a mentor the past year. I explored many different mentorship programs and in their own right each one has some strengths. From my perspective finding someone with a "style/approach" that you can resonate with is important because what worked for them may or may not work for you if your style/approach is different. I'm happy to discuss with you and provide my thoughts. Please feel free to message me. Also, if you search the forums for mentors there has been many posts and comments on the subject in case you want to explore others comments. Let's talk!