Commerical Real estate Investing
Hey Everyone,
I'm looking to trade up and own my own apartment complex. I've never invested in commercial multifamily so I am looking for more advice and mentoring about the loan process and managing my rentals. I already own a duplex and know the basics of being a landlord but I want to educate myself on being a Pro and making it a streamlined business. I want to maximize my rental income potential.
I'm looking for commercial multifamily properties in Bradenton/Sarasota Florida other than what I can see on the MLS and Loopnet.
5-10 units concrete block construction and not in a flood zone, 800k max. C and B neighborhood. With room to improve the rent and add equity as well.
Thank you!
Originally posted by @Jonathan M.:
Hey Everyone,
I'm looking to trade up and own my own apartment complex. I've never invested in commercial multifamily so I am looking for more advice and mentoring about the loan process and managing my rentals. I already own a duplex and know the basics of being a landlord but I want to educate myself on being a Pro and making it a streamlined business. I want to maximize my rental income potential.
I'm looking for commercial multifamily properties in Bradenton/Sarasota Florida other than what I can see on the MLS and Loopnet.
5-10 units concrete block construction and not in a flood zone, 800k max. C and B neighborhood. With room to improve the rent and add equity as well.
Thank you!
Seems like we similar experiences. Purchased my first apartment complex last September. Hit me up if you want to bounce questions.
Have you already made efforts to get pre-approved for financing maybe using the duplex as collateral? Are you able to take it down yourself and do you have a management company in mind? We manage and are doing acqusitions actively on up to 50 units so we should connect, we are in the Tampa market.
