26 ---- NO EXPERIENCE ---- NEED HELP

[Nicholas Moffett]

After all my research I have come to 1 realization, Im 26, I have under 200k in the bank and I have no experience in multi family deals or managing but it's what I really wanna do  I live in Clearwater/Saint Petersburg FLORIDA and my goal is to own my first big multi family by the time I am 30, however I cant find a true guiding light to learn this business.  

What would ( an experienced) multi family guy tell me to do first?
And please, no  (keep your head, up, work hard, be poractive crap)

I need step by step ..... ABC 1-2-3  

My first idea is to try to apply for a job managing a complex, however being hired with no experience will be a sales feat IDK if I can master without some good advice.  Need Help ! 

[Christopher Telles]

Originally posted by @Anthony Gayden:

Originally posted by @Nicholas Moffett:

This is part of that  (keep your head up work hard) BS I was talking about.

Please, only experienced investors with EXPERIENCE in multi family need to respond, Ive already flipped my first house at age 24 and paid CASH for it and all the rennovations.

I dont need the novice, I need the professional

Thank You

Calm down, I'm sure no one here meant any harm. I was like you when I started, and wanted to go big immediately. It didn't take me long to realize that it would be an uphill battle.

A common theme that I have seen personally and also what is expressed on the podcasts is that people usually start relatively small. They buy a 2-4 unit as their first deal. They learn the management side, the financing, the business side and what it takes to succeed, and progressively move up into larger properties. As time passes, they are able to show a track record that enables them to get partners, private money, loans or syndicate the large deals.

I realize that you don't want advice from a novice, but I would suggest that you get your feet wet by starting with small multifamily. My properties are all 4 plexes, and I have learned a lot about what it will take to run a larger multifamily by starting small.

 I concure. Who the "F" do you think you are? You want to ask for help and then come in here and command the type of advise people are kind enough to offer?

You've done one deal? You're all of 26? You think you've got the world by the balls? You ain't got jack!

Now if you've the humility to politely ask more experienced investors who have been in the game for multiple decades how they might proceed if they were in your shoes without a hint of entitlement sound bites then maybe, just maybe, someone will come into this thread and answer your question.