Looking for first investment property

[Christina Berman]

Hi, I'm looking to purchase my first investment property with my husband but I'm not a newbie to real estate. I've been working for the last 15+ years in real estate first as a multifamily property manager, then on the commercial lender side at Freddie Mac for a couple years, and most recently I've been working as a multifamily asset manager for the last 8+ years. In the past I also helped my parents to purchase to some rental properties and flips. I have degrees in architecture and real estate development so I'm not scared of a fixer upper. We're in a good position financially where I could take the leap from from my W-2 job where I'm making other investors money and start using my experience and knowledge to make money for my family and start building generational wealth. I would like to stay relatively local for my first few investments and I'm really interested in small multi-unit properties either in Baltimore or Richmond. My parents have a couple small multis (4-5 units) in Baltimore that they've done pretty well on. Looking forward to connecting with any other investors, lenders, and agents that can help or give advice! Also happy to share my investment knowledge I've gained over the years working on large multifamily deals in the DC region and in North Carolina. 

[Jack Seiden]

Quote from @Christina Berman:

Hi, I'm looking to purchase my first investment property with my husband but I'm not a newbie to real estate. I've been working for the last 15+ years in real estate first as a multifamily property manager, then on the commercial lender side at Freddie Mac for a couple years, and most recently I've been working as a multifamily asset manager for the last 8+ years. In the past I also helped my parents to purchase to some rental properties and flips. I have degrees in architecture and real estate development so I'm not scared of a fixer upper. We're in a good position financially where I could take the leap from from my W-2 job where I'm making other investors money and start using my experience and knowledge to make money for my family and start building generational wealth. I would like to stay relatively local for my first few investments and I'm really interested in small multi-unit properties either in Baltimore or Richmond. My parents have a couple small multis (4-5 units) in Baltimore that they've done pretty well on. Looking forward to connecting with any other investors, lenders, and agents that can help or give advice! Also happy to share my investment knowledge I've gained over the years working on large multifamily deals in the DC region and in North Carolina. 

Your biggest goal should be to find undervalued markets/neighborhoods that provide you enough cash flow to hold till prices go up, however you need to methodical in where you buy, simply buying a property where ever and hoping cash flow/prices rise is a much harder strategy than it was even a few years ago.