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Posted over 4 years ago

Is Multifamily Syndication Risky Business?

Normal 1572707719 On Point Capital Difference Between Active And Passive Real Estate Investing



As you know any type of investing is going to be risky and if you're not prepared for what may come you're putting yourself at more risk and probably and possibly not have the best investment so one of the things that continues to come up is that buying large multi-families people ultimately assume that must be a very risky thing if you're going to go out there and buy a 50 unit building 100 unit building 200 unit building so that must be so risky because it's such a large investment and I just feel more comfortable buying a single-family house or two-family house and that's fine that's definitely from more than fine but if you do want to take that mind shift into multifamily properties you sort of have to well you have to have a mind shift you have to take the leap, you have to take the leap so how did you take the leap.

Surround yourself with people that were doing well, educate yourself and read as many books many things online targeting multifamily, read things like multifamily news, through bigger pockets meeting people in certain areas that we're investing. Going to local REI’s to listen to people speak about multi families and just getting comfortable with the concept and learning the lingo and start to make a new network and surround yourself with people who were investors do this but also team members in there and what that will do is it will take the risk factors because you will start to understand the level of risk that actually in front of you by educating yourself on the process. Start to dissipate a little bit, sometimes you get so afraid that if you don't know it, it must be risky and lots of times that's just simply not the case and the more you find out about something it's just it becomes so clear.

Like for example let's say riding a bike and when you're a little kid you get on a bike and it's the hardest thing ever and you know you put all your effort into and you're falling and you can do this thing and then you know couple months later you're just riding around cruising around your little friends and then having a great time that I've been thinking about the whole process of riding a bike because you've done it and so now it was no longer risk it was fun and it was rewarding and that's how you can turn to invest into you can find opportunities that are rewarding the more you educate yourself the more you familiar sigh familiarize yourself that's word with the process and that's how you will be able to take the jump at the multi families and sure you will still make mistakes, everybody makes mistakes, but you have to you surround yourself with so many good people and so much information that these mistakes they only slightly take you off track and you're able to correct course correct quickly because you educate yourself and surround yourself with such great team members that the brisk is diminished greatly. 

If you are getting into multi-families and discovering the risks and rewards of multifamily if you have any questions or comments, please leave them for us.

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