New member from Central Massachusetts

[Scott P.]

Hi all,

I first looked into commercial real estate (multifamilies, specifically) in the late 1990s when I saw triple deckers selling for a song. I didn't have money to spend back then, but do now.

One hurdle I will face is with getting financing; I run my own businesses, which I tend to sell after a few years, so I have usually have no "reliable" income (e.g. income that I have for a couple years that is expected to continue for at least a few more). But I could purchase some smaller properties without financing.

I'm looking into multifamilies to buy and hold to generate income; I'm hoping to end up averaging 8+% cap rates, for properties preferably near me (but, using professional management). I'm also thinking about inflation, with rents over time keeping up with inflation (and therefore likely the value of the building(s), as well).

I have an open mind (e.g. I have looked a bit at non-performing notes, which seem to be a bit esoteric), and have learned a lot lurking here already, and hope to learn more.
-Scott