Hey everyone — I’m looking to break into real estate investing and acquire a multi-unit property in West Virginia. I have a background in operations and property management, including experience with a family-owned company in California, along with a local WV property management connection.
I’m currently looking for guidance on how to get started and connect with investors interested in multi-family opportunities. Open to partnerships, mentorship, or learning from those already doing deals in this space.
Hey everyone — I’m looking to break into real estate investing and acquire a multi-unit property in West Virginia. I have a background in operations and property management, including experience with a family-owned company in California, along with a local WV property management connection.
I’m currently looking for guidance on how to get started and connect with investors interested in multi-family opportunities. Open to partnerships, mentorship, or learning from those already doing deals in this space.
I’d get very specific on the buy box before looking too hard for partners. If you’re starting with 2-4 units or even SFRs, I’d want to know price range, down payment, rehab comfort level, target rent, who is managing, and what kind of return actually makes it worth the hassle. A lot of cheaper small multifamily looks good until you plug in real repairs, vacancy, turnover, and management. .
@Caleb Brown I would house hack. However I currently have a house with a mortgage. I would like to eventually pull from the equity with a HELOC loan whenever possible.
Hey everyone — I’m looking to break into real estate investing and acquire a multi-unit property in West Virginia. I have a background in operations and property management, including experience with a family-owned company in California, along with a local WV property management connection.
I’m currently looking for guidance on how to get started and connect with investors interested in multi-family opportunities. Open to partnerships, mentorship, or learning from those already doing deals in this space.
What kind of unit range are you looking at?
Typically "multifamily" has very very different considerations and especially financing options based on size (# of units). Typically can split them into these three boxes:
-Duplexes/Triplexes/Quadplexes (2-4 Units) - generally are financed like residential
-Small Multifamily (5-10 Units) - smaller niche with limited financing options but some decent ones available if you know where to look
-Larger Multifamily 11+ - these are more bucketed with other commercial real estate (i.e. office, retail, etc.)
@Robin Simon I'm leaning towards wanting to a dueplex/triplex/quadplex initially. Looking into single family homes at the moment to get started locally. Not much on the market in terms of (2-4) unit properties that I have seen listed with a good ROI.
@Robin Simon I'm leaning towards wanting to a dueplex/triplex/quadplex initially. Looking into single family homes at the moment to get started locally. Not much on the market in terms of (2-4) unit properties that I have seen listed with a good ROI.
Have you gotten pre-approval from a lender / gotten a ballpark of financing numbers yet for when you find something?
Hey Kristopher, welcome to the space. Your ops and property management background is a big advantage, especially in multifamily. If you’re serious about WV, I’d tighten your buy box, start underwriting deals, and plug into local investor groups and landlord networks to build relationships and find partners.
Your management experience plus a local property management connection already gives you a real edge.
Getting your underwriting process tight early is huge. One thing that helped me when I started looking at small multifamily deals was building a simple deal analyzer so I could quickly compare cash flow, rehab costs, ROI, and exit strategies before wasting time chasing bad properties.
For someone getting into multifamily, I’d focus heavily on:
conservative rehab estimates
true operating expenses
tenant quality / area quality
financing structure
exit strategy before purchase
A lot of new investors underestimate expenses and overestimate rents.
Since you already have ops/property management exposure, you’re probably ahead of most beginners on the operational side. The networking piece usually comes from consistently analyzing deals and talking numbers with people in groups like this.
Happy to share how I break down deals if it helps.
Hey everyone — I’m looking to break into real estate investing and acquire a multi-unit property in West Virginia. I have a background in operations and property management, including experience with a family-owned company in California, along with a local WV property management connection.
I’m currently looking for guidance on how to get started and connect with investors interested in multi-family opportunities. Open to partnerships, mentorship, or learning from those already doing deals in this space.
Good starting point would be to first define your buy box before looking for partners.
For a first multi-unit in West Virginia, I’d narrow down:
target market/city
2–4 unit vs 5+ multifamily
purchase price range
available down payment
expected rents
rehab level you’re comfortable with
whether you want to self-manage or use your local PM connection
Since you already have property management experience and a local WV PM connection, that’s a good advantage. Investors may be more open to partnering if you can bring deal sourcing, operations, and management support to the table.
I’d start by analyzing a few small multifamily deals, building a simple rent/expense model, and getting clear on financing options before pitching partnerships.
Hey everyone — I’m looking to break into real estate investing and acquire a multi-unit property in West Virginia. I have a background in operations and property management, including experience with a family-owned company in California, along with a local WV property management connection.
I’m currently looking for guidance on how to get started and connect with investors interested in multi-family opportunities. Open to partnerships, mentorship, or learning from those already doing deals in this space.
Hey @Kristopher Shrewsbury, welcome to the BP Forum! What is your price range/down payment amount? Are you looking for turn-key properties or something along the lines of a "fixer upper"?
Hey everyone — I’m looking to break into real estate investing and acquire a multi-unit property in West Virginia. I have a background in operations and property management, including experience with a family-owned company in California, along with a local WV property management connection.
I’m currently looking for guidance on how to get started and connect with investors interested in multi-family opportunities. Open to partnerships, mentorship, or learning from those already doing deals in this space.
I’d get very specific on the buy box before looking too hard for partners. If you’re starting with 2-4 units or even SFRs, I’d want to know price range, down payment, rehab comfort level, target rent, who is managing, and what kind of return actually makes it worth the hassle. A lot of cheaper small multifamily looks good until you plug in real repairs, vacancy, turnover, and management. .