Updated over 9 years ago on . Most recent reply
Multifamily investing safe bet
Five years ago I invested in my first 2 unit. Despite hearing all the rumors on how much of a headache it is being a landlord I went for it anyways.
My model was to invest in a nice unit that cost a little more upfront to hopefully attract responsible tenants. This worked out well for me as the unit was able to attract quality tenants that valued their living space and more importantly paying rent on time! I've repeated this strategy over and over until my experience and confidence was high enough to take on more difficult projects. I currently am trying to reposition properties and move up to larger multifamily properties while still focusing on quality! Currently I am at 25 properties and 55 units!
Most Popular Reply
Awesome job! I plan on taking the same route in Houston and am currently looking for my first multi-family unit (a tough job because there aren't many available here). Keep up the good work!